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

  • Caterpillar’s healthy second quarter results
    August 2, 2023
    Caterpillar is reporting healthy second quarter results for 2023.
    Read More
  • Palfinger sees revenue rise more than 14% in first half 2015
    August 5, 2015
    The Palfinger Group recorded revenue up by 14.1% to €606.2 million in the first six months of 2015, a new half-year record. Palfinger, a maker of loader cranes, marine cranes, wind cranes and container handling systems, noted that earnings grew more strongly than revenue. Earnings before interest and taxes rose by 29.6% to €53.7 million. The consolidated net result for the first half of 2015 was €34.6 million, 40.6% higher than the previous year's level. "We have been increasingly successful on internatio
    Read More
  • Times they are a changing
    July 23, 2012
    Construction in China still appears to be on course for growth even with the gloomy economic outlook, as it enjoys "a strong budgets position." Patrick Smith reports One thing is certain in the current global economic climate: nothing is certain. And while China has not been unaffected by the economic events of recent months it has, according to Robert Zoellinck, president of the World Bank, a very strong current account and budgetary position. For some years, the nation has enjoyed double digit growth (the
    Read More
  • Hill & Smith Holdings PLC record 8.5% revenue growth in 2012
    March 12, 2013
    Hill & Smith Holdings PLC, a prominent international group in the manufacture and supply of infrastructure products and galvanising services to global markets, achieved 8.5% revenue growth to US$657.16 million (£440.7mn) in the calendar year 2012, compared to $605.72 million (£406.2mn) the previous 12 months. The Group’s underlying profit before tax was also up 8% to $60.24 million (£40.4mn), from $55.77 million (£37.4mn) in 2011. Just over three quarters – 76% - of profits were generated last year from ov
    Read More

Highlighted Content