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.

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