DEUTZ upbeat about full-year results

German engine manufacturer DEUTZ is significantly raising its results forecast for 2010 because “the strong growth that has characterised business in recent months continued in the third quarter.”
February 20, 2012 Read time: 1 min
German engine manufacturer 201 Deutz is significantly raising its results forecast for 2010 because “the strong growth that has characterised business in recent months continued in the third quarter.”

The company says it now expects to sell more than 165,000 engines in 2010, with the volume of new orders received in the three months to 30 September totaling €327.3 million, almost 60% higher than in the same period in 2009 (€205.9 million).

“We are significantly raising our forecast for this year. We forecast revenue of almost €1.2 billion and operating profit (before one-off items) of over €30 million,” says Dr Helmut Leube, DEUTZ chairman.

Engines, Components & Tyres

For more information on companies in this article

Related Content

  • Wacker Neuson reports strong financial performance
    August 9, 2018
    Munich-based Wacker Neuson is reporting a substantial increase in revenue and profitability for the first six months of 2018. According to the firm’s latest results, revenue is at a record high and there has been a marked improvement in profit before interest and tax. However bottlenecks among suppliers as well as currency developments have had a dampening effect on the results. Revenue for the first half of 2018 rose 8% to a new record high of €825 million, compared with €764 million for the same period i
    Read More
  • Volvo CE sees sales dip for Q3
    October 21, 2016
    Volvo Construction Equipment has seen its sales dip 2% in the third quarter of 2016, following a strong year. However the profit margins have improved despite the flat sales volumes in the third quarter. The firm says that an improvement in the European market and order intake up by 17% failed to offset continued weakness in other markets, sending Volvo Construction Equipment (Volvo CE) sales down 2% in the third quarter, when adjusted for currency movements. Net sales in the third quarter decreased by 3
    Read More
  • Good financial results for Manitou
    July 23, 2012
    French off-highway machine manufacturer Manitou reports strong financial performance, despite tough trading conditions. Jean-Christophe Giroux, Manitou president and CEO said, “It’s been another great quarter, that somewhat contrasts with the general perception because we’re at a double inflexion point. This will not materially impact our full year 2012 revenue, which we still forecast to be up 10% vs. 2011, still within our 10-15% guidance. But we’ll adjust our runrates and throughput dynamically.”
    Read More
  • Manitou Group aims to double business over next 3-4 years
    April 20, 2012
    Manitou Group (MG) president Jean-Christophe Giroux says the Group will look to double its business in the next three to four years after revenue rose by 35% to US$1.13billion in 2011. Speaking on the publication of details of MG’s FY11 performance Giroux, who is also the French construction, industry and agricultural machinery manufacturers chief executive, said: “We want to take advantage of all growth opportunities in a developing yet fragmented market and double our business over the next 3-4 year, t
    Read More

Highlighted Content