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

  • Volvo CE looks strong on healthy orders
    January 31, 2018
    Volvo Construction Equipment (Volvo CE) reports a strong performance for the fourth quarter of 2017. This helped its parent company, the Volvo Group, achieve the highest sales and operating income in its history. Improved competitiveness coupled with growing demand, especially in Asia, boosted Volvo CE’s performance in sales, operating income, and order intake.
    Read More
  • Earthmoving machine sales improved
    April 2, 2019
    have increased since the second half of 2017. In particular, in Germany and France the main constraint is a shortage of labour, while in Spain or the United Kingdom the main brake is demand. Sustained dynamics for investments in Central Eastern Europe, with the exception of the construction market in Turkey, going decidedly against the trend compared to 2017. Overall, however, the implementation of EU funds during the 2014-2020 programming cycle has supported construction, particularly civil engineering.
    Read More
  • French Q1 sales of equipment hit record levels
    May 22, 2019
    Sales of construction equipment in France are at the highest levels ever observed in the country, according to CISMA, the French trade association. In the first quarter of 2019 six new records were set. Compared with Q1 2018, the market is up 10%. This performance can be explained by the rise in sales to rental companies of nearly 13%, notes CISMA. The mobile elevating work platform sales reached a peak of 3,545 units in the quarter – highest ever, beating the previously best years of 2000-2001 an
    Read More
  • Us bridges pose cause for concern
    August 2, 2017
    On Aug 1st 2017, it was 10 years since the I-35W Bridge in Minneapolis collapsed. The bridge had been classified as structurally deficient and was undergoing repair at the time. However the repairs focussed on the decking rather than the structure, with the additional weight of the extra asphalt layers and the construction machinery parked adding to the total load and contributing to the collapse.
    Read More

Highlighted Content