Deutz is bullish with strong performance

Deutz has announced promising preliminary results for the first quarter of 2017. The firm claims a successful start to the 2017 financial year, with a marked increase in new orders and revenue, as well as an improved operating profit. New orders hit €403.2 million, a 23.2% increase on the first three months of last year when the figure was €327.3 million. In addition, the performance represents a 23.6% gain over the fourth quarter of 2016 when the figure was €326.1 million. At 37,153 engines, unit sales wer
April 27, 2017 Read time: 2 mins
201 Deutz has announced promising preliminary results for the first quarter of 2017. The firm claims a successful start to the 2017 financial year, with a marked increase in new orders and revenue, as well as an improved operating profit. New orders hit €403.2 million, a 23.2% increase on the first three months of last year when the figure was €327.3 million. In addition, the performance represents a 23.6% gain over the fourth quarter of 2016 when the figure was €326.1 million. At 37,153 engines, unit sales were up by 15.7% on both the prior-year period at 32,112 engines as well as the previous quarter in 2016 at 32,100 engines. Revenue came to €352.5 million, a year-on-year rise of 17.4% for the first quarter of 2016 when the figure was €300.2 million. The performance was also 12% higher than in the fourth quarter of 2016 when the figure was €314.7 million.


At €7.6 million, operating profit was on a par with the first quarter of last year. However, the figure for the prior-year period had been boosted by a contribution of €5.5 million from a licensing transaction in the DEUTZ Customised Solutions segment. Compared with the fourth quarter of 2016, EBIT before exceptional items went up by €3.9 million. The EBIT margin (before exceptional items) was 2.2% in the quarter under review. In the first quarter of 2017, the disposal of a building lease generated a positive exceptional item of €10 million. As a result, there was a marked increase in EBIT after exceptional items, which climbed to €17.6 million. Free cash flow also improved by a substantial €68.6 million to reach €39.7 million.

For 2017 as a whole, DEUTZ is reiterating its forecast of a marked rise in revenue and a moderate increase in the EBIT margin before exceptional items.

Engines, Components & Tyres Finance & Funding

For more information on companies in this article

Related Content

  • 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
  • Liebherr sees steady performance worldwide
    June 8, 2015
    The Liebherr Group has seen a steady financial performance in 2014, with turnover reaching a healthy €8.823 billion, similar to the previous financial year. The company continued to invest in developing its operations, spending €816 million in expanding and modernising its manufacturing facilities and also strengthening the sales and service organisation. The number of employees has now risen to 40,839 in total. The €8.823 billion turnover was slightly lower, 1.6%, than for the previous financial year howev
    Read More
  • Road death reduction in Australia and overall safety gain
    January 21, 2015
    Australia’s road safety improved in 2014, with a reduction in road-related fatalities. Official data from the Department of Infrastructure, Transport and Regional Economics shows that the number of people died on roads in Australia stood at 1,153 people, a drop from the previous year’s figure. This is the lowest annual death toll on Australia’s roads for 69 years, which is of note given the massive rise in vehicle numbers during that time. Vehicle safety has certainly played a role with massively improved p
    Read More
  • UK machine parts exports and imports
    March 1, 2017
    The Construction Equipment Association (CEA) reports improvements in UK exports and imports of components and parts for construction and earthmoving machines. According to the CEA report, exports of components and parts showed modest improvements in the fourth quarter of 2016 compared with the third quarter,. This shows a 1.5% increase in weight (tonnes) terms, and an 11.3% increase in value terms.
    Read More

Highlighted Content