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

  • 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
  • Traffic congestion down in Holland, up in Switzerland
    June 13, 2013
    Better use of peak-time lanes is said to be among the reasons why motorway congestion in the Netherlands fell by 5.6% in the first four months of 2013. Dutch Infrastructure Minister Melanie Schultz van Haegen said that the reduction in congestion is also partly due to a 0.5% decrease in distance travelled, as well as the targeting of known congestion zones. However, another European country, Switzerland, has seen another increase in the amount of time spent in traffic jams in Switzerland in 2012. In 2012 19
    Read More
  • North American market fuels 15% rise in Volvo CE Q2 2012 sales
    July 31, 2012
    Volvo CE said strong sales, particularly in North America, helped the company record a 15% rise in equipment sales in Q2 of 2012 – bucking a worldwide reduction in the size of the global equipment sales market. The company’s operating income also rose in Q2 2012 to 35%, with operating margin up 13.3% on the same period of 2011. Volvo CE strengthened its market position in wheeled loader and excavator sales in China, taking a 14.7% share of the vital market.
    Read More
  • Haulotte Group sales up 13% in 2011 Q4
    March 2, 2012
    Haulotte Group (HG) increased its Q4 2011 sales by 13%, compared to the same period of 2010. The rise took consolidated October 1 to December 31 2011 sales to US$107.1million (€82.2 million) compared with $94.5million (€72.5million) in the same three months of last year.
    Read More

Highlighted Content