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

  • Volvo Construction Equipment’s Q1 2015 sales down 5% due to weak Asia sales
    April 23, 2015
    An improvement in European and North American sales could not offset continued weakness in Asia leading to Volvo Construction Equipment sales falling by 5% year-on-year in Q1 2015. Sales in China in particular were less than half what they were in the same period of 2014, the Swedish sector giant said. “We are working to adapt to lower volumes and are implementing a series of measures to reduce cost levels. However, our efforts could not fully offset the significant drop in volumes,” said Volvo Const
    Read More
  • Strabag Q1 revenue dips 7% but EBITDA improves 13%
    June 6, 2016
    Vienna-based Strabag reported output volume of nearly €2,257 million in the first quarter of 2016 financial year, a decline of 9%. However, Q1 EBITDA (earnings before interest, taxes, depreciation and amortisation) improved by 13% to €-57.71 million. The order backlog also decreased on the year, coming to rest at €13,976.62 million on 31 March 2016 – an 8% decline versus the first quarter of 2015. The number of employees fell by 3% to 68,808. This reduction took place almost entirely among blue-col
    Read More
  • Italian construction machine sales buoyant
    June 16, 2022
    Italian construction machine sales are looking buoyant.
    Read More
  • Transport impact of concern in Europe
    April 26, 2012
    The latest research shows that emissions of many pollutants from transport fell in 2009. But this reduction may only be a temporary effect of the economic downturn, according to the latest annual report on transport emissions from the European Environment Agency (EEA). The Transport and Environment Reporting Mechanism (TERM) reveals the environmental impact of transport. For the first time, the report considers a comprehensive set of quantitative targets proposed by the European Commission’s 2011 roadmap on
    Read More

Highlighted Content