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DEUTZ AG Annual Report 2023

As part of DEUTZ’s transformation, we have thought about which principles should guide our work with each other and, together with management, have defined a set of binding values. The result is our five Ts – Trust, Transparency, Truth, Team, and Tenacity. These five Ts form the cornerstones of our working relationships.  


Trust makes everything less complex, and is a key factor in driving success, particularly when transformation is the goal. We want to work with people we trust – and for trust to be the starting point for every working relationship. We do what we say we will do, we give people freedom and flexibility in how they work, and we see mistakes as opportunities.


Transparency is about: sharing knowledge, building stable relationships, and resolving conflict. It is important to us that this is done in good time, with precision, and in an appropriate format. The information that we share is relevant. We are transparent about our intentions, feelings, motives, and decisions. And that works in both directions.


Truth is grounded in facts and figures, not opinions. We maintain an open and respectful dialogue and give constructive feedback – regardless of what our job involves or where we stand in the hierarchy. We encourage people to have an open mind and to think flexibly so that we can come up with the best solutions together.


Team for us means knowing that together we can achieve more. Each individual plays their part in achieving the common goals. We support each other, have fun with each other, and know how to celebrate success and get through difficult times together.


Tenacity means facing obstacles and challenges with openness and acceptance, but never giving up. We are committed and passionate, and are determined to achieve our goals and make things happen. And if the situation changes, we are happy to adapt.