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

  • S&P Global Rating: credit stability for toll road operators
    August 14, 2017
    The outlook is generally stable for business conditions and credit quality for toll roads worldwide, according to the latest survey from ratings agency S&P Global.The exception is the US where the overall outlook is “positive”, noted the report S&P Global Ratings' 2017. The 21-page report considers broad economic and industry-specific trends. It looks at economic conditions, demographic trends and geopolitical risks that affect the movement of people and goods. “We expect stable or improving, but still frag
    Read More
  • Deutz introduces high torque engines
    April 13, 2016
    Deutz used bauma 2016 to introduce two new high-torque variants of its TCD sub-4litre engines. These include the TCD 2.9 and TCD 3.6 engines. Where the 2.9litre TCD 2.9 has been re-tuned to produce a maximum torque figure of 375Nm, the TCD 3.6 has been tweaked to deliver 390Nm. Importantly, Deutz said both engines remain below the 56kW emissions threshold for Stage V, so they do not require SCR to clean up exhaust gases.
    Read More
  • Concern at high rate of crashes in Asia
    July 5, 2017
    There is concern at the high rate of road crashes across Asia. An increase in vehicle ownership has seen congestion grow in many Asian cities.
    Read More
  • Marginal US road safety improvement for 2018?
    July 19, 2018
    US roads have been slightly safer in 2018, according to new data from the National Safety Council (NSC). The research shows that motor-vehicle deaths have decreased in the first five months of 2018.There were 15,280 deaths in motor vehicle related incidents through January and May 2018. This represents a drop of 0.5% from the 15,330 deaths recorded through January and May 2017. However for the period through January and May 2016, the data shows that the rate of motor vehicle related deaths was 9% higher, h
    Read More

Highlighted Content