Deutz Sees Consolidated Profit of 50 Million Euros, Boersen Says

Deutz AG (DEZ) expects a consolidated profit of about 50 million euros ($71 million) this year, Boersen-Zeitung reported, citing an interview with Chief Financial Officer Margarete Haase.

The company’s costs will fall by as much as 30 million euros in 2011, Haase said, according to the report.

To contact the reporter on this story: Christian Vits in Frankfurt at cvits@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

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