A significant increase in new orders was a major factor in a positive 2017 for Deutz.
Consolidated financial results for the 12 months released by the company show that the €1,556.5m (US$1,921.2m) of new orders amounted to a 23.4% rise on like-for-like figures from the previous year and were distributed across all the company’s segments. Close to 162,000 engines were sold in the year, improving on 2016 results by 22%.
Material handling, construction equipment and agricultural machinery applications all saw significant sales growth and revenue amounted to €1,479.1m (US$1,824.4m), improving on the previous 12-month figure of €1,260.2m (US$1,554.4m).
The rise in revenue equated to a 21.9% in the EMEA region and 11.9% in the Americas, but was very similar to 2016 results in the Asia-Pacific.
Dr Frank Hiller, chairman of the Deutz board of management, said, “2017 was a very successful year for us. We have made improvements to our operating performance, got people excited about the new era we are about to embark upon, and mapped out the strategic course we intend to follow.
“We now need to keep the momentum from 2017 going. I am very optimistic that we will continue the success in 2018.”
Overall, operating profit climbed 81.2% to €42.4m (US$52.2m), leading to an earnings per share of €1 (US$1.2), compared with the €0.14 (US$0.17) of the previous year.
“The jump in earnings is due not only to the encouraging improvement in our operations, but also to a high level of positive exceptional items resulting from the disposal of land that was no longer being used following the successful completion of measures to optimize our network of sites,” said Deutz’s chief financial officer, Dr Margarete Haase.
March 16, 2018
