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

  • Towers of power: California’s Gerald Desmond Bridge Replacement
    May 8, 2019
    Challenging ground conditions meant a design rethink - and some engineering firsts - for California’s Gerald Desmond Bridge Replacement Project* The Port of Long Beach on Terminal Island south of Los Angeles is the second-busiest container port in the US. It handles around 15% of all imported goods, much of it with Asia. As the Port of Long Beach was growing in importance over the past half century, the 51-year-old Gerald Desmond Bridge has faithfully been delivering thousands of daily commuters to wo
    Read More
  • European construction machine exports down 15.8% Jan 1-May 31 2013
    August 28, 2013
    European construction machine exports fell 15.8% between January 1 and May 31 2013 to €11.049 billion from €13.096 billion over the same period of 2012, according to new CECE (Committee for European Construction Equipment) figures supplied to World Highways. Germany was the biggest Europe-based export market for European construction machines importing €1.107 billion worth of machinery – down 14.1% on €1.288 billion over the same period the previous year. France was the second biggest Europe export market i
    Read More
  • Implementation of road building projects in Russia’s Moscow may be significantly delayed
    May 15, 2014
    Implementation of some large-scale investment projects for road building in Russia’s capital Moscow may be significantly delayed A series of major documentation issues are the cause of the problem. These have delayed projects for up to nine tenders on the total sum of US$2.6 billion (95 billion rubles), with anomalies having been found by the Russian Federal Anti-Monopoly Service.
    Read More
  • Case CE introducing new mini excavators at CONEXPO-CON/AGG 2017
    March 7, 2017
    Case Construction Equipment is launching a new C Series mini excavator line at CONEXPO-CON/AGG 2017, with six models ranging from 1.7-6tonnes. These have been designed to meet customer needs and the firm claims that the range offers outstanding productivity, comfort and safety.
    Read More

Highlighted Content