Deutz Sets Sights on 2027–28 for €4 Billion Revenue Goal as FFG Reshapes the Register

Deutz is pulling its medium-term financial targets forward, with the Cologne-based engine maker now expecting to hit €4 billion in revenue and a 10% adjusted EBIT margin in 2027 or 2028 rather than the original 2030 horizon. Finance chief Oliver Neu outlined the accelerated timetable to reporters on Wednesday, tying the faster pace squarely to the completed acquisition of Flensburger Fahrzeugbau Gesellschaft (FFG).

The FFG business is forecast to add more than €1 billion in revenue in 2027 on its own, at an expected adjusted EBITDA margin above 20%. That figure is not directly comparable with the group's adjusted EBIT margin target, since the two metrics are calculated differently.

Order intake outpaces sales

The operational momentum behind the raised ambition is already visible in the figures Deutz published on 5 November. Order intake for the first nine months of 2026 climbed 30.4% to €1.96 billion, growing considerably faster than revenue, which rose 11.3% to €1.67 billion.

Profitability improved at an even sharper clip. Adjusted EBIT jumped 36.0% to €118.2 million, lifting the adjusted EBIT margin to 7.1%. For the full year 2026, Deutz is guiding to revenue of €2.3 billion to €2.5 billion.

Separately, the company said on 9 November that it will give the new TCD 1.6 engine its trade-fair debut at EIMA International 2026. The unit covers a power range of 18 to 41.2 kW and delivers a maximum torque of 164 Nm.

FFG sellers cross thresholds

The €1.6 billion FFG takeover, part-financed through a capital increase in kind, has also redrawn Deutz's shareholder base. In a voting-rights notification published on Tuesday, four investor groups — the FFG holding company, Universum Holding, BRIMA and J.O.S.S. Beteiligungsgesellschaft — disclosed a combined stake of roughly 29.9% of Deutz voting rights, corresponding to about 71.6 million votes out of a total base of some 240 million. The filing explicitly attributed the threshold crossings to the non-cash capital increase connected with the FFG transaction.

The investors have put forward Norbert Erichsen and Gorm Iver Gondesen for election to the supervisory board, and are seeking the chairmanship of the panel for Erichsen.