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

  • Fiat Industrial achieves 6.2% revenues growth in 2012
    February 1, 2013
    Fiat Industrial achieved a 6.2% rise in revenues and trading profit in excess of US$2.71 billion (€2bn) during 2012 – an increase of 23.3% over 2011. Revenues in 2012 totalled €25.8 billion, as continued robust growth for agricultural equipment is said to have more than compensated for weaker trading conditions in other businesses. Trading profit was €2,079 million, up €393 million over 2011, with trading margin improving 1.2% to 8.1% on the back of what Fiat Industrial said was continued strong performance
    Read More
  • Contractor Strabag reports strong performance
    April 30, 2013
    Austrian contractor STRABAG reports healthy earnings before interest and taxes (EBIT) of €207 million in 2012. This figure beats the firm’s own expectations and the expectations of the market. Net income after minorities stood at €61 million, showing an expected considerable decrease of 66.67% compared to the year before. “An output volume of €14 billion in 2012 – that’s nothing to complain about. With €13.2 billion, the end-of-the-year order backlog is also nearly exactly at the pre-crisis level of 2008, s
    Read More
  • Hyundai sees strong profits for 2016 so far
    July 27, 2016
    Hyundai Heavy Industries (HHI) has revealed a strong financial performance during the first half of 2016. Profits for the engineering firm reached US$792.754 million (900 billion South Korean Won) for the first half of 2016. The second quarter for the April-June period was healthy, with HHI achieving $8.68142 billion (9.8627 trillion Won) in sales, while operating income stood at $490.504 million (557.2 billion Won). Meanwhile accumulated sales hit $$17.7306 billion (20.1355 trillion Won) and operating p
    Read More
  • Recycling asphalt provides green result
    September 30, 2013
    A survey carried out jointly by the National Asphalt Paving Association (NAPA) and the Federal Highway Association (FHWA) shows that asphalt recycling and energy-saving technologies are in increasing use in the US The increasing adoption of new construction practices in the asphalt pavement industry has saved more than US$2.2 billion during the 2011 paving season through the use of recycled materials and energy-saving warm-mix technologies. According to a survey conducted by the National Asphalt Pavem
    Read More

Highlighted Content