Strong financials for Deutz AG
Marine diesel propulsion specialist Deutz AG has published the Group’s preliminary financial results for the first quarter of 2018. The volume of new orders rose by 42.6 per cent year on year to €574.9 million.
The figure for the corresponding period in 2017 was €403.2 million, while in the fourth quarter of 2017 it was €382.7 million. The significant rise in new orders was partly due to very favourable business conditions and partly due 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 per cent higher than in the first quarter of the previous year (37,153 engines) and 11.7 per cent up on the previous quarter (43,367 engines).
By Jake Frith
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