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    Deutz Posts 73.7 Percent Q2 Year-Over-Year Jump in New Orders

    Aug. 6, 2010
    New orders, unit sales and revenue all improved at Deutz AG in the first half of 2010. The volume of new orders in the second quarter of 2010 was €347.5 million (about U.S. $460 million), a 73.7-percent increase compared with €200 million last year’s second quarter. With unit sales of 41,781 engines, Deutz achieved an increase of 39.7 percent over the year-ago quarter when it sold 28,908 engines.

    New orders, unit sales and revenue all improved at Deutz AG in the first half of 2010. The volume of new orders in the second quarter of 2010 was €347.5 million (about U.S. $460 million), a 73.7-percent increase compared with €200 million last year’s second quarter. With unit sales of 41,781 engines, Deutz achieved an increase of 39.7 percent over the year-ago quarter when it sold 28,908 engines.

    Revenue also improved from €219.9 million in Q209 to €298.1 million in this year’s second quarter, a 35.6-percent jump. Operating profit before one-off items (EBIT) improved from a €3.5 million loss to €12.6 million in the second quarter of 2010.

    For the first half, the company’s new order book amounted to €659.5 million (about U.S. $870 million), compared with €405.9 million for the year-ago quarter, a 62.5-percent leap in demand for engines, service and spare parts.

    “Deutz has successfully overcome the crisis, true to its motto ‘new drive’,” said Dr. Helmut Leube, chairman. “There has been dynamic growth in demand for four consecutive quarters and production continues to pick up. We are looking to the future with a great deal of optimism and can say that we have turned the corner.”

    Deutz is based in Cologne, Germany.