DEUTZ can again report full order books. The early indications that emerged in the first quarter have continued with even more momentum in the second quarter, with new orders, unit sales and revenue all continuing to pick up at DEUTZ AG. The volume of new orders in the second quarter of 2010 was €347.5 million, up by almost three- quarters on the corresponding period last year (Q2 2009: €200.0 million). With unit sales of 41,781 engines, DEUTZ achieved an increase of 39.7 per cent on the same quarter of last year (Q2 2009: 29,908 engines). Revenue also improved significantly, rising from €219.9 million to €298.1 million. Operating profit before one-off items (EBIT) was significantly higher than in the second quarter of 2009. Having posted a loss of €3.5 million in the second quarter of 2009, DEUTZ had already made a small operating profit of €0.7 million in the first quarter of 2010. This shot up to €12.6 million in the second quarter of 2010, enabling DEUTZ to report a notable operating profit again for the first time since the onset of the crisis.
Overall, the first half of 2010 for DEUTZ reflected the general economic recovery. The company took new orders amounting to €659.5 million in the first six months of the year (H1 2009: €405.9 million). There was therefore a year-on-year increase of 62.5 per cent in demand for engines, services and spare parts.
Unit sales of engines also grew. In the first half of 2010, DEUTZ sold 75,565 engines, around 25 per cent more than a year earlier (H1 2009: 60,497 engines). DEUTZ is also seeing increasingly strong quarter-on-quarter revenue gains. Total revenue for the DEUTZ Group rose to €534.5 million in the first six months of 2010 (H1 2009: €440.5 million).
Although DEUTZ had recorded a loss of €23.4 million in the first half of 2009, it achieved operating income (EBIT before one-off items) of €13.3 million in the first six months of 2010. The main reason for this extremely encouraging improvement was beside competitive products the MOVE action programme, which impacted positively on both costs and income.
"DEUTZ has successfully overcome the crisis – true to its motto 'New Drive'. 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", said Dr Helmut Leube, chairman of the Board of Management of DEUTZ AG.
The first half-year at a GlanceFor further information on this DEUTZ press release please contact
Investor Relations
Maria Babilas
Tel.: +49 (0)221 822-5400
Fax: +49 (0)221 822-15-5400
E-Mail:
babilas.m@deutz.comPublic Relations
Georg Diderich
Tel.: +49 (0)221 822-2200
Fax: +49 (0)221 822-15-2200
E-Mail:
diderich.g@deutz.com
