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

  • Case CE reaches India milestone with compaction output
    May 14, 2018
    Case Construction Equipment India recently celebrated two major milestones. One was the production of its 10,000th vibratory compactor, while the other was the highest monthly sales volume reached in its 25 years of operations at the facility. Case Construction Equipment has rolled out the 10,000th vibratory compactor from its manufacturing plant in Pithampur, India. It claims to be the only manufacturer in India to have reached this milestone. The firm marked this important achievement with an official
    Read More
  • Ritchie Bros pick up IronPlanet for around US$758.5 million
    August 30, 2016
    Canada-based Ritchie Bros Auctioneers announced it will buy IronPlanet, a private company based in the United States but operating globally, for around US$758.5 million. IronPlanet was set up in 1999 and focuses on the needs of corporate accounts, equipment manufacturers, dealers and government entities in equipment disposition solutions. The company conducts its sales primarily through online-only platforms, with weekly online auctions and in other equipment marketplaces.
    Read More
  • Manitou buys Dezzo Equipment in South Africa
    May 14, 2024
    The purchase comes as Manitou Group reports first quarter revenue up 3% from the same period last year, reaching €685 million.
    Read More
  • Volvo Construction Equipment remains upbeat despite 2015 sales dip
    February 5, 2016
    Volvo Construction Equipment saw market share and underlying earnings improve in the final quarter of 2015. The company said that improved underlying earnings and more market share of the important larger machine segments were insufficient to offset a declining total market in Volvo Construction Equipment’s final quarter 2015 results. Sales were down 11% in the period. For full year 2015, sales at the company dipped by 3%. In the fourth quarter of 2015 Volvo CE reported that net sales decreased by
    Read More

Highlighted Content