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
  2017 2016
     
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