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SUNeVision Wins Tender for A Site at Chung Hom Kok (“RBL1219”) to Develop Its Second Cable Landing Station in Hong Kong

HONG KONG SAR – Media OutReach – 14 March 2022 – SUNeVision Holdings Ltd. (SUNeVision), the number one data centre provider and connectivity hub in Hong Kong, today announced that the company has won the tender for a site in Chung Hom Kok, Hong Kong (“RBL1219”). This site will be used to develop SUNeVision’s second landing station for international submarine cables, following its first landing station, “HKIS-1“, launched last year. The addition of cable landing stations to its data centre portfolio will further strengthen SUNeVision’s position as the leading connectivity hub in Asia.

Unprecedented international subsea capacity demand

Global data traffic continues to grow at an unprecedented rate, to 4.8ZB per year, by 2022 [1]. Asia has experienced one of the highest demand growth in international bandwidth, growing at a CAGR of over 40% between 2017 and 2021 [2]. International subsea cables today collectively drive 99% of the intercontinental traffic [3], functioning as the most critical backbone for global connectivity. Cable landing stations serve as an important infrastructure linking each of the cities along which the cable systems route.

Hong Kong as hub for Asia and gateway for China

Located in the centre of Asia, Hong Kong is one of the most important regional data transit hubs and international gateway to/from mainland China. Hong Kong continued to rank Top 10 globally by data capacity [4], due to its geographic advantages and well-established global interconnection infrastructure. In fact, SUNeVision’s MEGA-i in Hong Kong is the most carrier-dense colocation site in the world [5], enabling customers to interconnect to more than 200+ connectivity partners who have physically established its points-of-presence (PoPs) in SUNeVision’s colocation facilities.

SUNeVision ideal in providing one-stop-solution

Today, 9 out of 11 City PoPs of international submarine cables landed in Hong Kong are located in SUNeVision’s MEGA-i. Providers of telecommunications, cloud, ISP, CDN service interconnect with each other in MEGA Campus’ colocation facilities, forming a network of around 15,000 interconnections with unparalleled reliability and efficiency. Building on this rich ecosystem, the addition of the cable landing stations will provide a one-stop-solution to cable owners and users alike. SUNeVision’s carrier-neutral facilities would be the ideal location for partners who look for connectivity to multiple cables systems and providers.

The tender site refers to the plot Rural Building Lot No. 1219 at Chung Hom Kok, Hong Kong. It has a site area of about 2,254 square metres and is on a 30-year land grant. HKIS-1, launched in 2021 and located nearby, is of similar scale. The two neighbouring sites will offer path diversity and expansion capacities for upcoming new submarine cable growth.

Quote

Raymond Tong, Chief Executive Officer, SUNeVision:

“Hong Kong is an international business and ICT hub in Asia given its strategic location and business environment. As demand for connectivity continues to grow globally due to skyrocketing data usage, the data centre outlook in Hong Kong is optimistic. Our investment in new site demonstrates that we are positive and confident about Hong Kong’s outlook in long term. Our expansion from data centre provider to owning cable landing stations would further strengthen our one-stop-shop connectivity for data businesses in Hong Kong, mainland China and the rest of the world.”

About SUNeVision

SUNeVision (SEHK: 1686), the technology arm of Sun Hung Kai Properties (SEHK: 0016), is the largest data centre provider in Hong Kong. We provide industry-leading carrier and cloud-neutral data centre services with Asia’s number one connectivity. We connect providers of telecommunications, cloud, ISP, CDN, OTT from local, mainland China and global with enterprises of different businesses on our Asia leading data centre ecosystem.

SUNeVision forms MEGA Campus by extending the connectivity edge from highly connected MEGA-i to other high-tier data centres, including MEGA Gateway, MEGA IDC, MEGA Plus and MEGA Two. Facilities on MEGA Campus are interconnected through a dedicated dark fibre network and around 15,000 cross-connects. Together with City PoPs of major submarine cables in our facilities, we enable our customers for direct connections to multi-cloud platforms and multi-cloud exchanges with the best connectivity in town. We are committed to supporting Hong Kong as a regional information hub and a strategic gateway to mainland China.

For more information, please visit SUNeVision’s website, LinkedIn or WeChat.

#SUNeVision

The issuer is solely responsible for the content of this announcement.

Bybit Wins the Best Cryptocurrency Market Exchange Award at Cryptocurrency World Expo 2022

WARSAW, POLAND – Media OutReach – 14 March 2022 – Bybit is pleased to be recognized as the Best Cryptocurrency Market Exchange at the Cryptocurrency World Expo 2022. Industry leaders and rising stars in the blockchain and cryptocurrency community gathered at the two-day event in Warsaw, Poland from 9 to 10 March, 2022.

The award is a new milestone in Bybit’s compelling growth story from an emerging exchange for traders in 2018 to one of the most celebrated names for all crypto users around the world.

Bybit’s Bill Xing joined fellow panelists at a round table on financial instruments in the blockchain space. As Head of Financial Products at Bybit, Bill leads efforts in researching and designing innovative instruments at one of the world’s fastest growing exchanges.

Bill said he saw it as the duty of centralized exchanges like Bybit to lower barriers to entry for those ready to embrace cryptocurrency.

Since decentralized finance (DeFi) started gaining mainstream momentum in 2020, Bybit had been gearing up to capture a share of the growth, Bill explained. It is now home to the Bybit Earn, offering a hassle-free platform for eligible users to make the most of their cryptocurrency holdings at various risk and yield levels.

Individual users looking to participate in, say, liquidity farming, had to set up and maintain their own wallet. They also faced relatively high gas fees should they choose to use the Ethereum blockchain. Bill said as a centralized platform, Bybit has been focusing on these two aspects to optimize the DeFi user experience by breaking down barriers.

“At Bybit we simplify DeFi for the average user. They can put their assets on the platform, choose their risk appetite and let the platform do the work,” he shared.

“The DeFi space is filled with noise,” he added. At the Bybit Earn, Bybit scopes out qualified and promising projects to lessen the due diligence burden with in-house resources an individual user may not have.

“We try to lower barriers to entry on all aspects by providing more information and investor education. On the product side, we try to make it more user-friendly for all age groups and skill levels,” he said, and centralized exchanges can help retail investors participate in the DeFi market by removing the technical hurdles.

“Fiat integration is another bump in the crypto onboarding journey that centralized exchanges are working on,” Bill said.

For the vast majority of people starting to adopt cryptocurrency, a robust and secure on-ramp and off-ramp system is a key consideration. “This functionality has mostly been taken up by centralized exchanges,” Bill said. For most actual users, the choice is not between “crypto or fiat” and they demand secure gateways in both directions,” he said.

Bybit’s booth at the Expo showcased its trading platform and greeted hundreds of cryptocurrency enthusiasts participating the Expo from across the world with refreshing beer. Over 1,400 visitors attended the conference in person in addition to virtual sessions to a global audience.

About Bybit

Bybit is a cryptocurrency exchange established in March 2018 to offer a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service, and multilingual community support. The company provides innovative online spot and derivatives trading services, mining and staking products, as well as API support, to retail and institutional clients around the world, and strives to be the most reliable exchange for the emerging digital asset class. Bybit is the proud partner of Formula One racing team Oracle Red Bull Racing, esports teams like NAVI, Alliance, Astralis, and Virtus.pro; German soccer club Borussia Dortmund and Japanese soccer club Avispa Fukuoka.

For more information please visit: https://www.bybit.com/

For updates, please follow Bybit’s social media platforms on
https://discord.com/invite/bybit
https://www.facebook.com/Bybit
https://www.instagram.com/bybit_official/
https://www.linkedin.com/company/bybitexchange/
https://www.reddit.com/r/Bybit/
https://t.me/BybitEnglish
https://www.tiktok.com/@bybit_official
https://twitter.com/Bybit_Official
https://www.youtube.com/c/Bybit

#Bybit

WEAVE LIVING Expands into Singapore with Latest Acquisition

The Hong Kong-headquartered rental accommodation specialist will soon introduce its fully integrated rental accommodation concept to Singapore, following the USD 56 million acquisition of Hotel Clover J. Sultan

HONG KONG – Media OutReach – 14 March 2022 – Asia’s leading owner, developer and operator of lifestyle rental accommodation WEAVE LIVING today announces its expansion to Singapore. Through its successful acquisition of Hotel Clover J. Sultan located at 33 Jalan Sultan for a value of USD 56 million, WEAVE LIVING will introduce its fully integrated rental housing concept to the Lion City. WEAVE LIVING’s debut property in the city is expected to welcome its first residents in the first quarter of 2023, and will see the company’s aggregate assets under management rise to over USD 850 million across its portfolio in Hong Kong and Singapore. This latest acquisition marks a new milestone for the Company and signifies WEAVE LIVING’s expansion plan into more APAC markets, leveraging on its solid foundations in Hong Kong since 2017.

WL-1.jpg

High-res image link: https://bit.ly/3KEanEq

Located in the heart of the vibrant Kampong Glam neighbourhood, WEAVE LIVING’s first Singapore property will boast a gross floor area of approximately 35,000 square feet. Coupled with WEAVE LIVING’s dedication to providing lifestyle-centric, hassle-free living, this upcoming property will provide an exceptional new choice for rental accommodation in the active Singapore market. Targeting global citizens and professionals, the expansion will also create a strong synergy effect and strengthen WEAVE LIVING’s offer across Asia’s gateway cities.

Sachin Doshi, Founder & Chief Executive Officer of WEAVE LIVING, said: “We are thrilled to have successfully acquired this premium site. We have been following with interest the booming rental accommodation market in Singapore and are optimistic about developments in this key Asian commercial centre over the coming years. A new generation of Singaporeans are now looking for a place to live independently, especially with the recent growth of working from home and other flexible working arrangements. We are also confident that the city will see an influx of global talent thanks to its status as an international financial hub combined with its pragmatic approach to dealing with the after-effects of the pandemic. We believe there is huge demand for fully serviced, flexible and stylishly designed accommodation in Singapore, which we expect will only increase as we continue to grow our portfolio in the city.

“With our first acquisition in Singapore, WEAVE LIVING is excited to curate a brand-new living experience for global citizens and professionals that combines style, comfort, and convenience, to complement the energy and vitality of modern city living. The acquisition also aligns with WEAVE LIVING’s long-term investment and expansion plans and I am certain that the Company will inject new energy into the market.”

He added that WEAVE LIVING’s first overseas purchase, building on the solid foundation the brand has established in the Hong Kong market, signifies the Company’s ambition to expand its presence to the wider APAC region with entry into other countries, beyond Singapore currently in planning. WEAVE LIVING is also eyeing various potential properties in Singapore, with an aim to substantially grow its portfolio in the city-state over the next couple of years.

Spread across two levels, the property, which is a row of conservation shophouses, will feature beautifully designed and fully-furnished rental accommodation units encompassing a mix of single- and dual-occupancy contemporary serviced suites including several loft units with exclusive green terraces and kitchenettes. In keeping with WEAVE LIVING’s community-building and design-forward ethos, the existing property will undergo a comprehensive refurbishment with an investment of SGD 4 to 5 million, whereby expansive and welcoming shared spaces such as a dining area, living room, kitchen, gym, yoga studio and workspaces will be added. The new home is expected to welcome its first residents early next year.

In recent years, Kampong Glam has transformed into one of Singapore’s most vibrant arts and cultural precinct. In addition to its diverse mix of impressively maintained heritage and exciting new developments, the area is home to leading museums, art hubs and cultural landmarks, and is a must-visit destination for both locals and visitors. WEAVE LIVING’s debut property in the city is an eight-minute walk to Bugis MRT station, a main interchange hub on the East West and Downtown Lines. As such, the property is within easy reach of popular destinations such as Raffles Place, Tanjong Pagar, Marina Bay Sands, National Gallery, and Victoria Concert Hall while also being conveniently connected to commercial areas such as Suntec City, The Gateway and The Concourse. With its prime location and fascinating surrounds, this is the ideal location for WEAVE LIVING’s lifestyle rental accommodation philosophy to be brought to life in Singapore.

About Weave Living

Founded in 2017 by Sachin Doshi as a response to the gap in the market for beautifully designed and professionally managed living options, WEAVE LIVING currently owns and operates 678 rental accommodation units in Hong Kong across its three consumer brands: WEAVE STUDIOS, WEAVE SUITES and WEAVE RESIDENCES.

WEAVE STUDIOS boasts four prime locations in Kowloon that ushered in a new and innovative model of hassle-free city living by bringing together comfort, convenience, and community. WEAVE SUITES was first launched in February 2021 at eclectic Sai Ying Pun, offering 83 fully-furnished and contemporary serviced suites. In August 2021, WEAVE RESIDENCES debuted in affluent Mid-Levels, adding 48 traditional self-contained multi-family homes to the WEAVE LIVING portfolio.

With its current pipeline of new openings in Hong Kong and Singapore over the next 12 months, WEAVE LIVING will grow its portfolio to c.1,500 units across 10 properties.

Offering flexible lease terms and move-in-ready homes with all-inclusive prices for a streamlined, stress-free rental process, WEAVE LIVING’s dedication to its residents and neighbourhood is matched by a commitment to the local community – via frequent collaborations with artists, brands, and partners – to imbue WEAVE locations with a true sense of place.

Find us on:
Instagram: @liveatweave
Facebook: @liveatweave
https://www.weave-living.com/en/hk/about

#WeaveLiving

The issuer is solely responsible for the content of this announcement.

Cambodia Donates Refrigerated Trucks to Laos

Refrigerated trucks on the street..
Refrigerated trucks on the street..

The government of Cambodia has donated refrigerated trucks to Laos to assist in the country’s Covid-19 prevention efforts.

Mead Johnson Nutrition HK’s Formula Cans Recycling Program energises recycling across 18 districts

Gives over 5,800 used cans a ‘second life’

HONG KONG – Media OutReach – 14 March 2022 – Mead Johnson Nutrition Hong Kong (“Mead Johnson”) is continuing to reach new milestones with its large scale “We CAN Protect the Future” Formula Cans Recycling Program as it pursues better environmental protection for Hong Kong and upholds its mission of nourishing children’s best start in life. The program, launched in 18 districts in partnership with 24-hour online shopping mall HKTVmall (“HKTVmall”) and the World Green Organisation (“WGO”), has to date successfully recycled over 5,800 used cans into raw materials. The recycling initiative has reduced solid wastes and helped parents establish vital recycling habits which play an integral role in building a sustainable future.

MJN-1.jpg

Mead Johnson launched the pilot scheme in April 2021 for three months. Popular demand saw it launch a second phase in October 2021. The program encouraged consumers to return cleaned formula cans regardless of the brand to 36 designated HKTVmall O2O shops to redeem e-vouchers[1]. All collected formula cans were then sent to a local recycling plant for processing and turned into recyclable molten metal at another facility. The WGO supervised the entire recycling process to ensure all recycled cans were appropriately transformed into recycled material.

The program recycled over 5,800 used cans, saving enough energy to power a TV for 725 days[2]. An online survey found over 80% of participants agree that the program raised their environmental awareness and changed the way they handled used formula milk cans[3]. Mead Johnson also sent tailored educational materials on recycling and environmental protection to 150,000 parents via targeted online and offline channels to further nurture green living habits.

Mead Johnson also partnered with the WGO to host 18 sessions of upcycling workshops in November 2021. These workshops, held at three major shopping malls, gave a hands-on upcycling learning experience. It taught parents and children to create musical instruments from recycled cans and encouraged children to form green habits from a young age. The workshops received overwhelming responses, with over 280 participants joining them.

Caption

“Besides providing high quality nutrition products, Mead Johnson Nutrition Hong Kong has been working with parents to safeguard the environment by organising different environmental protection initiatives,” said Mr. Pankaj Agarwal, General Manager, Hong Kong, Taiwan & Cross-Border of Mead Johnson Nutrition (Hong Kong) Limited. “This program, with strong support from HKTVmall and the WGO, creates a convenient and reliable one-stop recycling channel for consumers, and I am happy to see the tremendous amount of positive feedback and outstanding results. It is also encouraging to see consumers are establishing green habits through our program, which is a vital step to building a green community. We look forward to continue creating a sustainable future through strategic partnerships.”

With its continued commitment to sustainability, Mead Johnson looks forward to further extending the formula cans recycling program in the hope of sparking a bright future for children, as well as strengthening community education through different forms of partnerships. More details of activities will be announced.


[1] Every successful return could redeem a HKTVmall HK$400 Mead Johnson selected products or HK$50 Dettol selected products e-voucher
[2] One recycled tin can would save enough energy to power a TV for three hours, The Green Team. https://thegreenteam.org/recycling-facts/
[3] Online survey of 109 parents, conducted by MJNHK to evaluate participants’ can recycling experience.

About Mead Johnson Nutrition (Hong Kong) Limited

Mead Johnson Nutrition has been established for more than a century. Since its founding in 1905, the renowned infant and child nutrition brand has led the way in developing science-based pediatric nutrition products, guided by the mission to nourish the world’s children for the best start in life. Currently, Mead Johnson Nutrition provides more than 70 products in over 50 countries.

Excellent quality has helped Mead Johnson Nutrition earn the trust of nutritionists and parents. Its dedicated and rigorous approach, continuous innovation, tireless pursuit of excellence, and caring feedback to the community have also helped establish a good brand image.

Mead Johnson Nutrition (Hong Kong) Limited has been in Hong Kong for half a century. It provides Hong Kong parents with high quality, science-based products, various parenting information and professional advice, gaining trust and support from parents.

Mead Johnson Nutrition’s scientists and healthcare professionals are focusing their efforts on the formula for children with special nutrition needs. Mead Johnson Nutrition is one of the very few brands that insists on producing the formula for children with metabolic disorders, giving them hope.

For more information, visit http://www.meadjohnson.com.hk/

#MeadJohnsonNutrition

The issuer is solely responsible for the content of this announcement.

Laos Confirms 359 New Cases of Covid-19

Vientiane Covid Update

Laos has recorded 359 cases of Covid-19 across the country today.

DEUTZ AG: DEUTZ reports significant increase in revenue and earnings for 2021

  • Orders on hand at around €680 million, more than double the figure as at the end of 2020
  • Significant improvement in operating profit and free cash flow
  • Proposed dividend of €0.15 per share
  • Guidance for 2022 under review

    COLOGNE, GERMANY – EQS Newswire – 14 March 2022 – DEUTZ, one of the world’s leading manufacturers of innovative drive systems for off-highway applications, can look back on a successful 2021. The Company achieved its guidance, which it had most recently raised in September 2021.[1] “For DEUTZ, 2021 was a highly successful year from both an operational and a strategic perspective. We increased our revenue by almost 25 percent to €1.62 billion and improved our EBIT margin before exceptional items by around 8 percentage points to 2.3 percent. The book-to-bill ratio stood at 1.24 at the end of the year. At the same time, we made substantial progress with transforming our business to focus more on alternative, green drive systems. Our hydrogen engine is just one example of how DEUTZ is positioning itself in the field of off-highway drive technologies for a sustainable future,” says CEO Dr. Sebastian C. Schulte. Commenting on the current year, he adds: “The supply situation remains difficult, and we anticipate that the supply chain will continue to contribute to the pressure on margins. Moreover, nobody can predict the economic impact of the war between Russia and Ukraine. We are therefore preparing for a challenging year.”

    To report even more transparently on its transformation, DEUTZ introduced a new Green segment on January 1, 2022 that will cover all activities connected with the development and production of new non-diesel drives. The new reporting structure will be used for the first time in connection with the results for the first quarter of 2022.

    In 2021, DEUTZ also expanded its high-margin service business – a key pillar of its growth strategy – and tailored it even more closely to the requirements of its customers. This included the launch of S-DEUTZ Telematics, the Lifetime Parts Warranty, and DEUTZ Lifecycle Solutions. DEUTZ reached its service revenue target of around €400 million for 2021.

    Double-digit percentage increases in new orders, unit sales, and revenue
    At €2,012.6 million in 2021, DEUTZ’s new orders were up by 52.2 percent compared with 2020, which had been heavily affected by coronavirus. This growth can be explained by the fact that customers were very willing to invest, reflected in double-digit percentage increases across all application segments and regions. The exceptionally strong rise was also attributable to one-off effects of spending brought forward in June and September, which amounted to more than €100 million. This situation came about mainly because of customer orders being brought forward in response both to price adjustments and to longer lead times.

    As at December 31, 2021, orders on hand stood at €676.7 million (December 31, 2020: €269.0 million), which indicates continued growth. The proportion of orders on hand attributable to the service business stood at €35.7 million (December 31, 2020: €24.4 million).

    With a total of 201,283 engines sold, the DEUTZ Group registered an increase in unit sales of 33.4 percent in the reporting period. The number of DEUTZ engines[2] sold rose by 32.9 percent to 160,882. The DEUTZ subsidiary Torqeedo sold 40,401 electric boat drives, which was 35.1 percent more than in 2020.

    Reflecting the growth in unit sales, DEUTZ generated consolidated revenue of €1,617.3 million in 2021. All application segments contributed to this year-on-year growth of 24.8 percent. Service revenue rose by 15.7 percent to €403.1 million in the reporting period.

    All regions contributed to the increase in revenue with double-digit percentage growth rates. The EMEA region saw a particularly sharp rise.

    Strong improvement in profitability
    EBIT before exceptional items
    (operating profit) amounted to €37.2 million in 2021, following an operating loss of €74.7 million in 2020. This improvement was primarily due to the jump in revenue, the related economies of scale, and the increasingly tangible savings resulting from the restructuring and cost-cutting measures that have been initiated. However, operating profit was once again squeezed by the loss reported by DEUTZ subsidiary Torqeedo, which has not yet managed to break even. The EBIT margin before exceptional items made a strong year-on-year improvement from minus 5.8 percent to plus 2.3 percent.

    EBIT for 2021 stood at €34.1 million (2020: minus €106.6 million). This figure includes exceptional items of minus €3.1 million. These related to the efficiency program and were the result of the adjustment of the provision for restructuring, which had been recognized for the first time in the previous year. In 2020, restructuring costs of €31.9 million had been recognized as an exceptional item in connection with this program. The EBIT margin came to 2.1 percent (2020: minus 8.2 percent).

    Net income amounted to €38.2 million in 2021, following a net loss of €107.6 million reported in 2020. Earnings per share increased from minus €0.89 in 2020 to €0.32 in the reporting year. Adjusted for exceptional items, net income improved to €41.3 million (2020: net loss of €75.7 million) and adjusted earnings per share improved to €0.34 (2020: minus €0.63).

    Clear improvement in free cash flow; financial position remains comfortable
    Cash flow from operating activities
    more than doubled in 2021 compared with the figure of €44.9 million in 2020, when cash flow had been weakened by the pandemic. The improvement to €93.3 million was primarily attributable to the increased volume of business and the higher level of operating profit. At the same time, careful monitoring enabled working capital to be kept virtually unchanged year on year, despite the growth in the volume of business. As a result of the increase in cash flow from operating activities, free cash flow was also up substantially year on year at €21.6 million, having been at minus €35.8 million in 2020.

    Reflecting these changes in cash flow in 2021, net financial debt improved slightly compared with the end of 2020, falling by €4.1 million to €79.7 million as at December 31, 2021.

    With an equity ratio of 45.6 percent, which is above the general target figure of greater than 40 percent, the DEUTZ Group’s financial position remains very comfortable. Despite having ended the €150 million credit line that was granted to it with the assistance of Germany’s KfW development bank (known as the COVID-19 tranche), DEUTZ has unused credit lines totaling around €200 million at its disposal.

    Dividend of €0.15 per share proposed for 2021
    Last year, DEUTZ did not pay its shareholders a dividend for 2020 due to the coronavirus-related accumulated loss. For 2021, however, DEUTZ AG would like its shareholders to reap the benefits of its success once again, and the Board of Management and Supervisory Board are jointly proposing to the Annual General Meeting that €18.1 million of the accumulated income be used to pay a dividend of €0.15 per share. This would give a dividend ratio of 46.9 percent. Under its dividend policy, the Company aims for a ratio of around 30 percent.

    Guidance for 2022 due to significant uncertainty under review
    The geopolitical impact of the war between Russia and Ukraine on the global economy and on the flow of goods around the world is highly uncertain. Fortunately, none of DEUTZ’s direct suppliers are located in these regions. Also our direct business activities in the regions affected by the war account for a relatively small portion of our revenue. But the indirect impact for the DEUTZ business is currently impossible to assess. We therefore have put the guidance as published in our annual report 2021 under review. All new engine business with Russia and Belarus has been discontinued until further notice.

    Before the war between Russia and Ukraine broke out, we had assumed that the upturn in the relevant customer industries would be sustained this year. At that time, it was also assumed that global problems with the supply of input materials would continue to weigh on business performance and that supply issues for certain components would persist. Based on these assumptions, we predicted unit sales of 165,000 to 180,000 DEUTZ engines in 2022, which would have resulted in an increase in revenue to between €1.70 billion and €1.85 billion. The EBIT margin before exceptional items would likely have been between 3.5 percent and 5.5 percent. This span reflects not only the aforementioned revenue range but also the expectation that prices for commodities and energy would rise further and that it would not be possible to pass on the additional costs to customers straight away due to the high level of orders on hand. Free cash flow would likely have been an amount in the low to mid-double-digit millions of euros.

    The 2021 annual report is available on our website at www.deutz.com/en/investor-relations.

    DEUTZ Group: overview of key figures

    € million FY 2021 FY 2020 Change Q4 2021 Q4 2020 Change
    New orders 2,012.6 1,322.5 52.2% 498.6 388.9 28.2%
    Group unit sales (units) 201,283 150,928 33.4% 55,924 42,369 32.0%
    thereof DEUTZ engines 160,882 121,034 32.9% 44,609 36,532 22.1%
    thereof Torqeedo 40,401 29,894 35.1% 11,315 5,837 93.8%
    Revenue 1,617.3 1,295.6 24.8% 443.9 367.4 20.8%
    EBIT 34.1 -106.6 6.3 -3.2
    thereof exceptional items -3.1 -31.9 90.3% 0.0 5.9
    Operating profit/loss (EBIT before exceptional items) 37.2 -74.7 6.3 -9.1
    EBIT margin (%) 2.1 -8.2 +10.3pp 1.4 -0.9 +2.3pp
    EBIT margin before exceptional items (%) 2.3 -5.8 +8.1pp 1.4 -2.5 +3.9pp
    Net income 38.2 -107.6 14.5 -3.1
    Net income before exceptional items 41.3 -75.7 14.5 -7.4
    Earnings per share (€) 0.32 -0.89 0.12 -0.03
    Earnings per share before exceptional items (€) 0.34 -0.63 0.12 -0.06
    Equity 588.4 535.2 9.9%
    Equity ratio (%) 45.6 45.3 +0.3pp
    Cash flow from operating activities 93.3 44.9 107.8% 25.4 64.3 -60.5%
    Free cash flow 21.6 -35.8 6.4 43.0 -85.1%
    Net financial position (Dec. 31) -79.7 -83.8 4.9%
    Employees[3] (Dec. 31) 4,751 4,586 3.6%

    Upcoming financial dates
    April 28, 2022: Annual General Meeting (virtual)
    May 5, 2022: Quarterly statement for the first quarter of 2022
    August 11, 2022: Interim report for the first half of 2022

    [1] See the ad hoc disclosure dated September 13, 2021.
    [2] Excluding electric boat drives from DEUTZ subsidiary Torqeedo.
    [3] Number of full-time equivalents (FTEs).

    Forward-looking statements
    This press release may contain certain forward-looking statements based on current assumptions and forecasts made by the DEUTZ management team. Various known and unknown risks, uncertainties, and other factors may lead to material differences between the actual results, the financial position, or the performance of the DEUTZ Group and the estimates and assessments set out here. These factors include those that DEUTZ has described in published reports, which are available at www.deutz.com. The Company does not undertake to update these forward-looking statements or to change them to reflect future events or developments.

    About DEUTZ AG

    DEUTZ AG, a publicly traded company headquartered in Cologne, Germany, is one of the world’s leading manufacturers of innovative drive systems. Its core competencies are the development, production, distribution, and servicing of drive solutions in the power range up to 620 kW for off-highway applications. The current portfolio extends from diesel, gas, and hydrogen engines to hybrid and all-electric drives. DEUTZ drives are used in a wide range of applications including construction equipment, agricultural machinery, material handling equipment such as forklift trucks and lifting platforms, commercial vehicles, rail vehicles, and boats used for private or commercial purposes. DEUTZ has around 4,750 employees worldwide and over 800 sales and service partners in more than 130 countries. It generated revenue of around €1.6 billion in 2021. Further information is available at www.deutz.com.

    #DEUTZAG

    The issuer is solely responsible for the content of this announcement.

    Mekong River Leaders Urge Cooperation, Protection when Meeting New MRC CEO

    Mekong River Leaders Urge Cooperation, Protection when Meeting New MRC CEO
    Mekong River Leaders Urge Cooperation, Protection when Meeting New MRC CEO.

    To better protect Southeast Asia’s largest waterway, the new CEO of the Mekong River Commission (MRC) Secretariat is now making the rounds to hear directly from Member Countries about their priorities – especially, to minimize growing threats to lives and livelihoods.