DEUTZ sees “encouraging” rise in net income for Q3

German engine manufacturer DEUTZ said it had a “very encouraging increase” in operating profit for the first three quarters of 2016. EBIT – earnings before interest and tax – stood at €19.7 million, significantly higher than the figure for the prior-year period of €10.6 million. DEUTZ said that this was due, in particular, to a decrease in depreciation and amortisation. Consequently, the EBIT margin almost doubled to reach 2.1%. Net income for the first nine months of 2016 was €18.8 million, compa
November 14, 2016 Read time: 2 mins
German engine manufacturer 201 DEUTZ said it had a “very encouraging increase” in operating profit for the first three quarters of 2016.

EBIT – earnings before interest and tax – stood at €19.7 million, significantly higher than the figure for the prior-year period of €10.6 million. DEUTZ said that this was due, in particular, to a decrease in depreciation and amortisation.

Consequently, the EBIT margin almost doubled to reach 2.1%.

Net income for the first nine months of 2016 was €18.8 million, compared with €7.3 million for the same period last year.

At €935.3 million, new orders were on a level with the first nine months of last year (Q1–Q3 2015: €932.9 million). In the third quarter, DEUTZ received orders amounting to €258.1 million, which was down by 1.6 per cent on the prior-year figure of €262.2 million.

The number of engines sold fell to 100,439, a decrease of 6.3% compared with the first nine months of 2015 (Q1–Q3 2015: 107,236 engines).

Third-quarter unit sales totalled 30,733 engines, which was 5.6% more than in the prior-year period (Q3 2015: 29,116 engines).

Revenue rose by 0.7% to €945.5 million in the nine-month period (Q1–Q3 2015: €938.8 million).

Broken down by region, revenue was up by 5% in the EMEA (Europe, Middle East and Africa) region and by nearly 20% in the Asia-Pacific region. But it was down by just over 19% in the Americas.

Revenue generated in the third quarter of 2016 amounted to €301.1 million, a year-on-year rise of 12.1% (Q3 2015: €268.6 million).
Finance & Funding

For more information on companies in this article

Related Content

  • Volvo CE sees sales increase 30% in first quarter of 2017
    April 25, 2017
    Volvo Construction Equipment reports sales up 30% in the first quarter of 2017 thanks to improving market conditions in all regions except South America. During the first three months of 2017 Volvo CE saw net sales jump by 30% to SEK 16,163 M (SEK 12,452 M in Q1 2016). Operating income was also positively impacted, rising to SEK 1,617 M, up significantly compared to SEK 341 M in the first quarter of 2016. Operating margin also saw good improvement, at 10%, compared to 2.7% in the same period the year before
    Read More
  • UK road safety sees good and bad
    February 5, 2016
    There is both good and bad to be seen in the latest data on UK road safety from the Department for Transport (DfT). For the year ending September 2015 there were 23,700 killed or seriously injured (KSI) casualties, a 3% decrease compared with the previous year. However road deaths increased by 3% to 1,780, compared with 1,731 for the year ending September 2014. There were also 188,830 reported road casualties of all severities, 3% lower than for the year ending September 2014. Of note is the fact that motor
    Read More
  • Volvo Construction Equipment’s Q1 2015 sales down 5% due to weak Asia sales
    January 6, 2017
    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
  • 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

Highlighted Content