FRANKFURT (dpa-AFX) - Deutz shares came under heavy pressure on Tuesday. After a positive trend in the first few hours, they fell by 17 percent to a two-month low at lunchtime. In the meantime, Xetra trading in the SDax shares was interrupted due to the strong price pressure. Most recently, the loss amounted to a good 11 percent to 5.19 euros.

The engine manufacturer closed 2023 with record sales and operating earnings. However, the company is cautious for the current year.

Analyst Stefan Augustin from Warburg Research spoke of a cautious outlook. The mean value of the 160,000 to 180,000 engines forecast for this year represents a decline of nine percent.

The order intake in the fourth quarter was weak, said a dealer. However, he described Deutz's margin targets for 2024 in particular as very poor and added that there was also the risk that Deutz might have to cut prices. Customers had apparently asked for price reductions.

Another trader added that the consensus estimates for sales and operating margin (EBIT) this year were above the company's projections./ajx/bek/tih/jha/