Deutz has posted healthy financial figures for the first nine months of 2017.
A marked increase in new orders and revenue in both EMEA (Europe, the Middle East and Africa) and the Americas have contributed to a rise in operating profit of 8.1m (US$9.4m) between January and September this year, compared to the same period 12 months ago.
New orders rose by 25.5% to reach 1.17bn (US$1,365bn). In the third quarter of 2017, new orders came to 370.8m (US$431.2m), which was an increase of 43.7% compared with last year’s figure of 258.1m (US$300.2m).
The number of engines sold went up by 17.8% to 118,279 in the first nine months of 2017. Unit sales in the third quarter of 2017 totalled 38,680 engines, which was 25.9% more than in the prior-year period. Revenue rose by 15.6% to 1.093bn (US$1.271bn) in the nine-month period.
The largest region, EMEA, 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 the first quarter had been boosted by licensing income.
Revenue for the third quarter of 2017 amounted to 417.2m (US$485m), a year-on-year increase of 19.1%. In September 2017, Deutz became the world’s first engine manufacturer to be certified for the EU Stage V emissions standard, which will apply from 2019.
It has therefore kept its promise to its customers as ‘Stage V-ready’ becomes ‘Stage V-certified’. And through the alliance with Liebherr Machines Bulle agreed in the third quarter of 2017, Deutz will also be expanding its product portfolio in the upper power range of 200kW to 620kW. Production start-up is planned for 2019.
“The E-Deutz strategy is putting us on the right path to becoming the leading provider of innovative drive systems,” said Dr Frank Hiller, chairman of the Deutz board of management.
“The acquisition of Torqeedo is the critical catalyst for our electrification strategy. It gives us an extensive portfolio of expertise and technology in all relevant areas of drive electrification. We will fully exploit this technological edge over our competitors.”
Deutz AG has also acquired its Italian sales and service partner IML Motori, which will now operate in the market under the name Deutz Italy. The aim is to drive growth in the already profitable service business.
November 10, 2017
