New orders up 25% for Deutz
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.
Latest Press Releases
Leaders in waterproof bags and cases, OverBoard, prove that functionality doesn’t have to be boring ... Read more
Luxury British motor yacht manufacturer, Fairline Yachts, was announced as the winner of a highly pr... Read more
Entertainment Leader Launches Industry’s First Wi-Fi Audio Streaming for Apple Devices Empowering Cu... Read more
Specialist marine and maritime recruitment company, Marine Resources, announces 2018 as its best yea... Read more