DEUTZ SHARE PRICE DECLINES

The SDAX, in which DEUTZ shares are listed, rose in value by 5.9 per cent in the year under review and closed at 7,186.21 points at the end of 2014 (31 December 2013: 6,788.79 points). By contrast, the Prime Industrial Index, which includes major German industrial companies, lost 5.6 per cent of its value in 2014 to close the year at 4,244.82 points (31 December 2013: 4,495.21 points).

In this environment, DEUTZ shares also fell significantly, closing at €4.00 at the end of 2014, 38.4 per cent down on their closing price of €6.49 at the end of 2013. After reaching its peak for the year of €7.94 on 25 February 2014, the share price then fell steadily, with some investors evidently disappointed by the drop in new orders. The downturn in the market and an unexpected charge against earnings for a transfer to provisions resulted in the earnings forecast being cut on 21 October 2014, the same day on which the share price fell to €3.35, its lowest of the year. Thereafter, however, the shares made a marked recovery up to the year end.

Market capitalisation stood at €483.4 million as at 31 December 2014, compared with €784.4 million at the end of 2013.

Key figures for DEUTZ shares    
  2014 2013
     
Number of shares (31 December) 120,861,783 120,861,783
Average number of shares 120,861,783 120,861,783
Share price as at 31 December (€) 4.00 6.49
Share price high (€) 7.94 7.45
Share price low (€) 3.35 3.71
Market capitalisation as at 31 December (€ million) 483.4 784.4
Earnings per share (€) 0.18 0.30