DEUTZ (DEZ) investor relations material

Executive summary

• New orders surged 41% year-over-year to €771 million, with revenue up 8.4% to €530 million, marking a record Q1 and best quarter since the downturn.

• Adjusted EBIT rose 45.7% to €37.3 million, with margin improving to 7.0% from 5.2%, and net income reached €21.8 million, reversing a prior loss.

• Strategic transformation, including the Future Fit program and five business units, drove profitability and operational improvements.

• MDAX promotion and strong share price performance (+16.8% vs. MDAX -0.1%) reflect market recognition.

• All segments contributed to growth, with notable recovery in Construction Equipment and Agricultural Machinery.

Financial highlights

• EBITDA before exceptional items increased 28.5% to €58.2 million, with margin at 11.0%.

• Net income reached €21.8 million, and earnings per share before exceptional items doubled to €0.18.

• Free cash flow before M&A was negative, mainly due to acquisitions and higher inventories; net debt rose to €385 million.

• Equity ratio at 47.3%, leverage at 1.7 including leasing.

• Dividend proposal increased to €0.18 per share.

Outlook and guidance

• Full-year 2026 revenue guidance reaffirmed at €2.3–2.5 billion, with adjusted EBIT margin of 6.5–8.0%.

• Free cash flow (excluding M&A) projected in the high double-digit millions.

• Targeting an adjusted EBIT margin of 10% by 2030.

• Growth expected from Energy, Service, and Defense; engine markets to recover in H2 2026.

• Confident outlook driven by transformation and market recovery signals.