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.
April 24, 2015 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

  • Keestrack celebrates record orders
    March 8, 2017
    Keestrack is celebrating a record order book at the start of 2017 as the company begins a huge period of global expansion. The Belgian mobile crushing & screening manufacturer’s January-February model orders represent the highest two-month period for orders in Keestrack’s 21-year history.
    Read More
  • DEUTZ streamlines organisational structures
    July 13, 2012
    Engine manufacturer DEUTZ is reconfiguring its organisational structures to deal with the effects of the global recession. Having launched its comprehensive MOVE action programme last year to secure its future and profitability, it now plans to take further steps to realign its structures. Following the reduction of the company's management board from four to three in March, the organisational level immediately below the board is being significantly streamlined. In future, 17 executives at this level will r
    Read More
  • New study suggests Fehmarn Belt payback close to 50 years
    October 9, 2015
    A study by Danish consultant Hans Schjær-Jacobsen has shown that the payback period for the proposed Fehmarn Belt Fixed Link tunnel project between Denmark and Germany will be close to 50 years. This is a decade longer than estimated by the developers of the project which focusses on a 17km immersed tunnel, the study noted. The Fehmarn Belt Fixed Link will connect the German island of Fehmarn with the Danish island of Lolland. The 17km tunnel, including two railway tunnels, two motorway tunnels and an
    Read More
  • Comer Industries sees nearly a 10% drop in sales for full year 2015
    February 22, 2016
    Year end results for Comer Industries showed revenue down at €327 million, a 9.4% dip from €361 million for fiscal year 2014. However, the company reported that excluding the sale of the electric wheel product line in January last year, the revenue drop would have been 5%. Comer Industries is based in Reggiolo, Italy and has around 1,240 employees. It designs and manufactures advanced engineering systems and mechatronic solutions for power transmission for major producers of agricultural and industrial ma
    Read More

Highlighted Content