Deutz reported new orders rose 23.2 percent in the first quarter of 2017 compared to the first quarter of 2016, reaching €403.2 million, compared to €327.3 million a year ago. Deutz also posted a 23.6-percent increase compared to the fourth quarter of 2016. At 37,153 engines, unit sales jumped 15.7 percent on both the year-ago quarter (32,112 engines) and the fourth quarter (32,100 engines).
Revenue for the first quarter of 2017 was €352.5 million, a year-over-year rise of 17.4 percent compared to €300.2 million in the year-ago frame. Deutz’ largest region – Europe, Africa and Middle East – realized strong revenue growth. Revenue also increased in the Americas region but declined slightly in the Asia-Pacific region.
Broken down by application segment, revenue increased in Construction Equipment, Material Handling and Agricultural Machinery, but decreased in Automotive and Stationary Equipment segments.
“We have made a successful start to 2017,” said Dr. Frank Hiller, chairman of the Deutz board of management. “New orders increased in all regions and application segments. The inflow of funds provided by the sale of the site opens up new opportunities for investing in our growth and the strengthening of our core business.”
About the Author
Michael Roth
Editor
Michael Roth has covered the equipment rental industry full time for RER since 1989 and has served as the magazine’s editor in chief since 1994. He has nearly 30 years experience as a professional journalist. Roth has visited hundreds of rental centers and industry manufacturers, written hundreds of feature stories for RER and thousands of news stories for the magazine and its electronic newsletter RER Reports. Roth has interviewed leading executives for most of the industry’s largest rental companies and manufacturers as well as hundreds of smaller independent companies. He has visited with and reported on rental companies and manufacturers in Europe, Central America and Asia as well as Mexico, Canada and the United States. Roth was co-founder of RER Reports, the industry’s first weekly newsletter, which began as a fax newsletter in 1996, and later became an online newsletter. Roth has spoken at conventions sponsored by the American Rental Association, Associated Equipment Distributors, California Rental Association and other industry events and has spoken before industry groups in several countries. He lives and works in Los Angeles when he’s not traveling to cover industry events.