Biogenic fuel

Liquid or gaseous fuel produced from biomass.


Captive market / segment

Market segment in which original equipment and commercial vehicle manufacturers have their own engine production facilities to meet their engine needs. Consequently, the captive market is not generally accessible to independent engine manufacturers.

Cash flow statement

Shows the Group’s inflows and outflows of cash over the financial year. It distinguishes between cash flow from operating activities, cash flow from investing activities and cash flow from financing activities. It also shows the change in cash and cash equivalents.


Denotes the entirety of measures taken by a company to comply with laws, regulations and directives and also to comply with contractual obligations and self-imposed obligations. Compliance is a key element of corporate governance.

Compressed natural gas (CNG)

Unlike liquefied natural gas (LNG), this natural gas is always gaseous.

Corporate citizenship

Denotes a company’s corporate social responsibility activities.

Corporate Governance

Responsible management and control of a company with a view to long-term value creation and increasing shareholder value.


DC-to-DC converter

A power converter, also known as a DC-to-DC converter, steps up, steps down or inverts an input voltage.

Deferred taxes

Differences between the calculation of profit under tax law and under IAS result in differing tax calculations. These differences in the amount of tax are recognised on the balance sheet as deferred tax assets or liabilities.

DIN EN ISO 9001 (Deutsches Institut für Normung – European Norm – International Organization for Standardization – 9001)

A German, European and international industrial standard for environmental management.


Acceptance of the differences between individual employees, which – when embedded in a tolerant corporate culture – can be utilised to boost the success of a company. Employees should not suffer discrimination due to ethnic origin, gender, age, religion, sexual orientation, disability, etc. They should all have equal opportunities.


Reduction of technical dimensions (such as weight and capacity) but delivering the same or similar power output.


EBIT (earnings before interest and tax)

Income from operating activities (before interest and tax).

Ergebnis je Aktie

A key figure calculated by dividing the net income attributable to the shareholders of DEUTZ AG by the average number of shares in issue.

EU Stage I, II, III A, III B, IV, V

Exhaust emissions standard laid down by the European Union for off-road applications. Sets limits for pollutants such as nitrogen oxide, hydrocarbons and soot particulates in exhaust gas.

Exhaust aftertreatment

Ensures compliance with statutory emissions limits for pollutants such as nitrogen oxides (NOx) and soot particles through the cleansing of combustion exhaust gases. In vehicles, exhaust aftertreatment is achieved by the use of catalytic converters and diesel particulate filters.



Individually structured, non-exchange-traded forward transaction.

Four-stroke principle

The way in which a gasoline engine works. The German word for gasoline engine, Ottomotor, is named after its inventor, Nicolaus August Otto. All four strokes (first stroke: intake; second stroke: compression; third stroke: power; fourth stroke: exhaust) take place in two crankshaft rotations.

Free float

The proportion of shares in a public limited company (Aktiengesellschaft) not held by a major shareholder. According to the Deutsche Börse AG definition, shareholdings of less than 5 per cent are classified as free float.



Countering interest-rate, currency, price or similar risks through the use of derivative financial instruments that limit the risk associated with the underlying transactions.


IMS (integrated management system)

Standardised structure bringing together methods and tools for ensuring compliance with requirements in various areas (e.g. quality, environment, health and safety), thereby contributing to corporate governance (i.e. the management and monitoring of a company).

ITAR (International Traffic in Arms Regulations)

US rules that conflict with the German General Equal Treatment Act (AGG). The provisions of ITAR are strict and also impact on the recipients of US goods outside the United States.


Liquefied petroleum gas (LPG)

A liquefied variable mixture, mainly of butane and propane, that can be used in internal combustion engines.


Material handling

Equipment for moving goods within contained areas, such as airports or factories. Examples include forklift trucks, telehandlers, lifting platforms and ground support equipment.


Non-captive market / segment

Market segment in which original equipment and commercial vehicle manufacturers purchase engines from third-party manufacturers to meet their engine needs. The non-captive market is accessible to independent engine manufacturers.


Off-highway applications (off-road)

Engine-powered applications whose use on roads is subject to restrictions, e.g. trains, ships, agricultural vehicles and construction vehicles.

OHSAS (Occupational Health and Safety Assessment Series)

A standard based very closely on ISO 9001 and ISO 14001. OHSAS 18001 was defined as a UK standard in 2007. It has also become a national standard in Poland. Used in more than 80 countries worldwide, OHSAS 18001 is one of the best known and most important standards for occupational health and safety management systems. Certification for this standard can be obtained.

Onboard voltage

Voltage of a vehicle’s onboard electrical system. The onboard electrical system comprises all of the electrical components of a vehicle, such as a car, aeroplane, ship or rail vehicle.


Contract that, until the expiry date, gives the holder the right to buy – and the writer the obligation to sell – an underlying instrument (a security or a product/commodity) at an exercise price that has been fixed in advance.

Outboards and inboards (outboard and inboard motors)

Als Innenbordmotor bezeichnet man einen Hauptantriebsmotor auf einem Boot oder Schiff, der im Rumpf fest eingebaut ist. Der Außenbordmotor ist ein Schiffsmotor, bei dem Motor, Kraftübertragung, Getriebe und Propeller in einer konstruktiven Einheit verbunden sind.


Paraffinic diesel fuel

A diesel fuel produced through hydrotreatment, i.e. the raw material is chemically converted using hydrogen. It is added to a conventional fuel or replaces it entirely.

Prime Standard

The minimum standard set by Deutsche Börse AG for companies looking to raise capital from international investors. These companies have to meet stringent international disclosure requirements. Admission to the Prime Standard is a prerequisite for inclusion in the DAX, MDAX, TecDAX and SDAX indices.

Pushback tractor

Tug used to push back aeroplanes.



Used to assess the creditworthiness of a company. It gauges the extent to which the company will be able to repay the principal and interest on its outstanding liabilities at the agreed date.


European Union regulation concerning the registration, evaluation, authorisation and restriction of chemicals.

Return on capital employed (ROCE)

Ratio of EBIT to average capital employed. Capital employed: total assets less cash and cash equivalents, trade payables and other current and non-current liabilities, based on average values from two balance sheet dates.


RoHS Directive 2011/65/EU; restricts the use of certain hazardous substances in electrical and electronic equipment.


Soot and particulate filters

Devices for reducing the particulates contained in the exhaust gases of diesel engines. There are two types of filter, which work in very different ways: wall-flow filters, in which the exhaust gas penetrates a porous wall; and flow filters, in which the exhaust gas flows through the filter itself.

Synthetic fuel

Fuel that is produced in a different way to conventional fuels (e.g. diesel, petroleum, kerosene) and is sourced from a raw material other than, for example, crude oil.


US EPA TIER 1, 2, 3, 4

US emissions standard for off-road applications. Sets limits for pollutants such as nitrogen oxide, hydrocarbons and soot particulates in exhaust gas.


Working capital

Inventories and trade receivables less trade payables.

Working capital ratio

Ratio of working capital (inventories plus trade receivables less trade payables) at the end of the reporting period to revenue for the preceding twelve months.



Stands for ‘Exchange Electronic Trading’ and is the name given to the electronic dealing system run by Deutsche Börse AG (also known as screen-based trading).