New orders up 25% for Deutz
Deutz stated its e-Deutz strategy has been accelerated by the acquisition of Torqeedo
Deutz has reported a 25.5% increase in new orders in the first three quarters of 2017.
The German engine company confirmed that new orders totalled €1.173.8m for this period, compared to €935.3m in Q1-Q3 2016.
In Q3 2017, new orders came to €370.8m, an increase of 43.7% compared with EUR258.1m in Q3 2016.
Engine sales up
The number of engines sold went up by 17.8% to 118,279 in the first three quarters of 2017 (Q1–Q3 2016: 100,439 engines).
Unit sales in Q3 2017 totalled 38,680 engines, which was 25.9% more than in the prior-year period (Q3 2016: 30,733 engines).
Revenue rose by 15.6% to €1,093.2m in the nine-month period (Q1–Q3 2016: €945.5 million).
The largest region, EMEA (Europe, Middle East, Africa), saw revenue grow by 18.7%, while revenue in the Americas region was up by 13.9%.
Revenue in the Asia-Pacific region was on a par with the corresponding period of 2016, in which Q1 had been boosted by licensing income. Revenue for Q3 2017 amounted to €358.7m, a year-on-year increase of 19.1% (Q3 2016: €301.1m).
Operating profit (EBIT before exceptional items) improved by €8.1m compared with the first nine months of 2016, reaching €27.8m.
Deutz states its e-Deutz strategy has been accelerated by the acquisition of electric engine manufacturer Torqeedo.