DEUTZ shares make substantial gains
The SDAX, in which DEUTZ shares are listed, rose in value by 24.9 per cent in 2017 and closed at 11,886.85 points (end of 2016: 9,519.43 points). The DAXsector Industrial, which comprises major German industrial companies, gained 16.3 per cent in the reporting year to close at 6,732.29 points (end of 2016: 5,788.57 points).
DEUTZ shares significantly outperformed all benchmarks. The share price reached its lowest level for the year of €5.31 back in January. After this, it gained significantly to reach a high for the year of €7.78 on 21 June 2017. In the second half of the year, the share price initially fell again – in part because of AB Volvo’s decision to sell its 25 per cent holding in DEUTZ to institutional investors in July 2017 – before rebounding strongly towards the end of the year. The year-end closing price of €7.58 was 41.7 per cent higher than the price twelve months earlier of €5.35.
Market capitalisation stood at €916.1 million as at 29 December 2017, compared with €646.6 million at the end of 2016.
|Key figures for DEUTZ shares|
|Number of shares (31 Dec)||120,861,783||120,861,783|
|Average number of shares||120,861,783||120,861,783|
|Share price as at 31 Dec (€)||7.58||5.35|
|Share price high (€)||7.78||5.58|
|Share price low (€)||5.31||2.65|
|Market capitalisation as at 31 Dec (€ million)||916.1||646.6|
|Earnings per share (€)||1.00||0.14|