DEUTZ AG performs the head-office functions of the DEUTZ Group and is the biggest production company within the Group by some margin. Because of DEUTZ AG’s wide-ranging relationships with other Group companies and because of its size within the Group, the expectations presented in the Group outlook for 2017 are essentially the same as those for DEUTZ AG. We therefore anticipate that the revenue of DEUTZ AG will develop largely in line with the statements made for the DEUTZ Group. As the one-off effect resulting from the sale of the land at our former Cologne-Deutz site will not be repeated, we expect net income in 2018 to be significantly lower than in 2017. Excluding the disposal of the land, however, we expect a sharp rise in net income for 2018. Further information can be found in the outlook for the DEUTZ Group.