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flag Deutz AG lowers 2024 financial outlook, projecting under 150,000 engine sales and cost-cutting measures.

flag Deutz AG has lowered its financial outlook for 2024, anticipating unit sales of under 150,000 engines, down from 160,000. flag The company does not foresee a demand recovery in the fourth quarter and is implementing cost-cutting measures. flag Expected revenue is now around €1.8 billion, with an EBIT margin of 4.0 to 5.0%, and free cash flow projected to be at least break-even. flag Third-quarter results will be released on November 7, 2024.

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