Deutz sees first quarter orders drop but profits rise

Deutz, the German motor manufacturer, reported first quarter 2015 new orders down 22.5%, but profit rose slightly on the same period last year. A Deutz statement said new orders received for the first three months totalled €321 million, down from €414.2 million last year.
January 6, 2017 Read time: 1 min

201 Deutz, the German motor manufacturer, reported first quarter 2015 new orders down 22.5%, but profit rose slightly on the same period last year.

A Deutz statement said new orders received for the first three months totalled €321 million, down from €414.2 million last year.

Unit sales fell by 17%, from around 44,460 engines to just over 36,900 engines. “Much of this decrease is due to the strong sale of engines in the prior-year period ahead of the latest EU exhaust emissions standard,” said the statement.

Revenue amounted to €318.1 million, down by 7.2% from €342.7 million reported a year earlier and in line with performance that was expected for the beginning of 2015.

For more information on companies in this article

Related Content

  • DEUTZ sees “encouraging” rise in net income for Q3
    November 14, 2016
    German engine manufacturer DEUTZ said it had a “very encouraging increase” in operating profit for the first three quarters of 2016. EBIT – earnings before interest and tax – stood at €19.7 million, significantly higher than the figure for the prior-year period of €10.6 million. DEUTZ said that this was due, in particular, to a decrease in depreciation and amortisation. Consequently, the EBIT margin almost doubled to reach 2.1%. Net income for the first nine months of 2016 was €18.8 million, compa
    Read More
  • Sales down but Deutz keeps profit level in first half 2015
    August 11, 2015
    German engine maker Deutz has reported new order sales were down just over 10% in the first half of this year, to €670.7 million. Unit sales also fell, around 21% down on the first half of last year, to 78,120 engines. Sales of 41,213 engines in the second quarter of 2015 were 11.7% higher than in the previous quarter but were 24.5% lower than in prior-year quarter (Q2 2014: 54,622 engines). Revenue was in line with forecasts, falling by 11% year on year to €670.2 million compared with €753.4 million
    Read More
  • DEUTZ year-end expectations hold firm despite volatile market
    August 10, 2016
    German engine manufacturer DEUTZ reported new orders in the group rose by 1% to €677.2 million (H1 2015: €670.7 million), despite tough market conditions. Orders in the second quarter of 2016 amounted to €349.9 million, which was 6.9 per cent higher than the figure of €327.3 million for the first quarter, and the same level as the second quarter of 2015 (€349.7 million). The number of engines sold fell to 69,705, down by almost 11% compared with the corresponding period of 2015 (H1 2015: 78,120 eng
    Read More
  • Engine maker Deutz dumps full-year 2015 forecast amid poor trading
    September 16, 2015
    German engine maker Deutz Group said it will not meet its forecast for the current financial year. A sluggish second quarter with “very low” new orders means revenue is expected to fall by around 20% compared with the forecasted 10% drop, according to a corporate statement. “Consequently, the second half of 2015 will be significantly worse than the first half of the year,” the statement said. “Given the low level of business, Deutz will only be just about break even in terms of EBIT this year. Unt
    Read More

Highlighted Content