Deutz Annual General Meeting

In this article, we discuss the Deutz Annual General Meeting, Deutz Lifecycle Solutions, and Deutz Business School, all of which are held in Spain. As in 2020, the Annual General Meeting was again held as a virtual event.

Deutz Annual General Meeting. Hiller said

Frank Hiller, Chairman of the Board of Management of Deutz: «After a challenging year dominated by the coronavirus pandemic, we are optimistic about 2021. The preliminary results for the first quarter show a return to an upward trajectory. We have made a successful start to the year, with new orders rising by a third compared with the prior-year period and a significant improvement in profitability. We expect that our customers will remain keen to invest going forward.»

According to the company, «against this backdrop, Deutz has raised its guidance for 2021. The Company anticipates revenue of €1.5 billion to €1.6 billion (previously: at least €1.4 billion) and an EBIT margin before exceptional items of between 1.0 percent and 2.0 percent (previously: at least break-even level). In 2020, Deutz laid the foundations that will enable it to maintain its competitiveness and generate further growth over the long term. The key building blocks of the corporate strategy are a technology-neutral approach to the development of the drive portfolio (focusing on electrification and the use of alternative drive solutions), the expansion and digitalization of the high-margin service business, regional growth initiatives (primarily in the Chinese market), strategic partnerships with industry leaders such as John Deere Power Systems, and the efficiency program that is now under way».

Rudolf Maier joins the Supervisory Board

In addition, Rudolf Maier, independent management consultant and former member ofthe divisional board of Bosch Diesel Systems, was elected as a shareholder representative on the Supervisory Board with effect from April 29, 2021. He had already been appointed by thecourts to replace Dr. Ulrich Dohle, who had stepped down from the Supervisory Board on October 7, 2020 due to ill health.

Deutz Lifecycle Solutions

The Deutz Lifecycle Solutions program at a glance:

• Repair Kits: repair or complete overhaul with customizable repair kits. Available from stock.

• Xchange short and long blocks: replacement of the engine block with a refurbished engine block with or without cylinders. Lead time: three working days.

• Xchange engines: replacement with a professionally refurbished engine. Lead time: no more than 15 working days.

• Replacement engines: exchange for a brand-new engine, with or without an exhaust aftertreatment (EAT) system and peripheral components, as required.

• Repower engines: retrofitting of Deutz engine including EAT layout, certification, and EU conformity declaration (Euro stage IIIA to IV).”

Deutz Business School

“Located at Deutz Spain’s site, Deutz Business School works in partnership with educational institutions such as the University of Extremadura and the Instituto Lean Management to offer an open educational model for Deutz employees and external students. Practical training and continuing professional development are particularly important to Deutz and have a long tradition in the company. The manufacturer of innovative drive technologies launched its first inhouse training 101 years ago.”