Deutz announces strong results with interim management statement

German engine maker Deutz reports a strong performance with its interim management statement for the first quarter of 2017 today. New orders rose significantly to reach €403.2 million, a 23.2% increase over the same period in the first three months of last year when orders hit €327.3 million. The figures also showed a 23.6% growth over the figures for the previous quarter when new orders reached €326.1 million. The firm sold 37,153 engines, an increase in unit sales of 15.7% over the same period for 2016 wh
May 12, 2017 Read time: 2 mins
German engine maker 201 Deutz reports a strong performance with its interim management statement for the first quarter of 2017 today. New orders rose significantly to reach €403.2 million, a 23.2% increase over the same period in the first three months of last year when orders hit €327.3 million. The figures also showed a 23.6% growth over the figures for the previous quarter when new orders reached €326.1 million. The firm sold 37,153 engines, an increase in unit sales of 15.7% over the same period for 2016 when 32,112 diesels were sold as well as for the previous quarter when sales hit 32,100 units.


Revenue for the first quarter of 2017 was €352.5 million, an increase of 17.4% over the €300.2 million for the first quarter of 2016 and 12% higher than in the fourth quarter of 2016 when revenue reached €314.7 million. The firm’s Europe, Middle East, Africa (EMEA) region saw strong revenue growth. However, revenue also improved in the Americas region but declined slightly in the Asia-Pacific region.

At €7.6 million, operating profit (EBIT before exceptional items) was on a par with the first quarter of last year. However, the figure for the prior-year period had been boosted by a contribution of €5.5 million from a licensing transaction in the DEUTZ Customised Solutions segment. Compared with the fourth quarter of 2016, EBIT before exceptional items went up by €3.9 million.

Free cash flow also improved by a substantial €68.6 million to reach €39.7 million. As the premises in Cologne-Deutz, which cover an area of around 160,000m2 are no longer required following the site's relocation to Cologne-Porz, DEUTZ sold the land to the Düsseldorf-based project developer GERCHGROUP. The former industrial site, which is close to the Rhine, is to be redeveloped to create a new city district. Dr Margarete Haase, chief financial officer at the company said that the firm expects to receive a sum of around €125 million as purchase consideration this year.

"We have made a successful start to 2017. New orders increased in all regions and application segments. The inflow of funds provided by the sale of the site opens up new opportunities for investing in our growth and the strengthening of our core business," said Dr Frank Hiller, chairman of the firm’s board.

Engines, Components & Tyres

For more information on companies in this article

Related Content

  • Manufacturing body CECE issues positive results
    March 12, 2015
    The European construction equipment manufacturer’s association, CECE, has released its strongly positive Economic Report for 2014. According to this report, equipment sales in the European market grew by 9% in 2014. However a flat sales growth is forecast for 2015. The report says that 2014 was a troubled, yet good, year for the European construction equipment industry. Sales on the European market grew by 9% compared to 2013, highlighting slight growth in construction. The European construction equipment m
    Read More
  • Increased infrastructure spending
    February 22, 2012
    With economies booming in the BRIC countries and other regions, spending on infrastructure is at a high - Patrick Smith reports As economic crisis grips much of the world, many countries are still spending billions on infrastructure to improve transportation. While the USA and Europe struggle with debt problems (and this has affected much of the rest of the world) the development of highways, airport, ports and other infrastructure is gathering pace in other regions to boost economic developments.
    Read More
  • Doosan Bobcat expanding Czech facility
    October 14, 2019
    Doosan Bobcat is expanding its facilities in the Czech Republic. The firm has spent around €116 million developing its new Doosan Bobcat EMEA headquarters in Dobříš. The facility employs 1,400 and is the headquarters for the EMEA region (Europe, Middle East and Africa), marking a further expansion in the Czech Republic. The newly built facility houses the company's management and other employees and complements the production plant and the training and innovation centre, where Bobcat machines are developed
    Read More
  • Volvo Construction Equipment sales down 7% in Q3 2013
    October 25, 2013
    Volvo Construction Equipment (CE) sales fell 7% to US$1.929 billion (SEK 12,278 million) in Q3 2013, compared to $2.085 billion (SEK 13,272 million) the same period of last year. The global construction equipment manufacturing giant said the sales dip in July-September 2013 reflects the general downward trend in market conditions. This included lower activities in the global mining industry, which particularly hit sales of large and more expensive products.
    Read More

Highlighted Content