Deutz sees new orders rise 43% in Q1 this year

German engine manufacturer Deutz saw new orders rise in the first quarter 2018 by nearly 43% per cent year-on-year to almost €575 million. The figure for the corresponding period in 2017 was €403 million, while in the fourth quarter of 2017 it was nearly €383 million. The company said that the significant rise in new orders was partly due to very favourable business conditions as well as to changed customer procurement behaviour. In the light of the strong demand and the introduction of emissions standard
April 17, 2018 Read time: 2 mins
German engine manufacturer 201 Deutz saw new orders rise in the first quarter 2018 by nearly 43% per cent year-on-year to almost €575 million.


The figure for the corresponding period in 2017 was €403 million, while in the fourth quarter of 2017 it was nearly €383 million.

The company said that the significant rise in new orders was partly due to very favourable business conditions as well as to changed customer procurement behaviour. In the light of the strong demand and the introduction of emissions standard EU Stage V in the coming year, customers placed their orders early in order to be sure of securing delivery.

The unit sales figure for the first quarter of 2018 was 48,458 engines, including 2,133 electric motors sold under the Torqeedo brand. This was 30.4% higher than in the first quarter of the previous year (37,153 engines) and 11.7% up on the previous quarter (43,367 engines).

Revenue came to €414.5 million, a 17.6% increase on the first three months of last year (Q1 2017: €352.5 million) and 7.4% more than in the previous quarter (Q4 2017: €385.9 million).

Operating profit (EBIT before exceptional items) increased year on year by €14.1 million to €21.7 million in the first quarter of 2018.

Compared with the fourth quarter of 2017, EBIT before exceptional items went up by €7.1 million. The EBIT margin (before exceptional items) improved from 2.2% in the first three months of 2017 to 5.2% in the reporting period.

“We are taking this tailwind with us into the second quarter,” said Frank Hiller, chairman of Deutz. “Although we expect to see the usual seasonal decline in the summer quarter, we anticipate that this will be less pronounced than in previous years.”

Finance & Funding

For more information on companies in this article

Related Content

  • Mostostal Warszawa makes lowest bids in Poland’s S9 tenders
    November 24, 2017
    A Mostostal Warszawa consortium has reportedly made the lowest bids to build three sections of the S19 from Nisko to Sokolow Malopolski in south-eastern Poland. The consortium’s bid was just over €187 million in total. Other bids which were received from a Strabag consortium and a Budimex consortium.
    Read More
  • Highly relevant: Denmark’s asset management for bridges
    July 12, 2019
    A well-maintained road bridge network is vital to Denmark’s economy. David Arminas caught up with Niels Pedersen, head of bridges at the Danish Road Directorate Denmark, being a country mainly of islands, relies on its bridges and tunnels to help unify the nation culturally. It also means that they are vastly more important to the economic well-being of the nation than in most other states. The World Bank has classified Denmark as a high-income economy. In 2017 it ranked 16th globally in terms of gros
    Read More
  • Denmark concerned over rising cost of Fehmarn Belt Fixed Link
    February 19, 2015
    The Danish government is in talks with contractors over the latest rise in cost estimates for the proposed prestigious Fehmarn Belt Fixed Link between Denmark and Germany. Contractors have estimated an extra €295.5 million will be needed. This is in addition to a statement last November by the contracting company Femern saying that costs had risen nearly €900 million. The total rise price hike is nearly €1.2 billion. This puts the final cost of the 18km tunnel including two railway tunnels, two motorway tun
    Read More
  • Deutz secures new syndicated loan to bolster finances
    July 9, 2012
    German engine manufacturer Deutz has replaced its existing funding arrangements with a new syndicated loan. The working capital facility totalling €160million is being provided by a syndicate of German banks. The credit line is unsecured and runs until June 2017. In addition, Deutz has received a low-interest loan amounting to €90 million from the European Investment Bank. This loan, which is also unsecured, is repayable over a period of eight years with a grace period of two years. Deutz has hedged the in
    Read More

Highlighted Content