Shortly before its Annual Shareholders’ Meeting on 5 May 2011, Cologne-based engine maker DEUTZ announced its preliminary trading figures for the first three months of 2011. DEUTZ AG reported first-quarter net income of €13.7 million, the first time it has made a
profit in the first quarter since 2008, and also its best first-quarter operating profit since 2002.
Its operating profit of €18.2 million (EBIT before one-off items) sends a strong signal that the company is on an upwards trajectory this year. In the first quarter of 2010, DEUTZ had reported an operating profit of just €0.7 million. New orders in the first quarter of 2011 amounted to €408.5 million, which is a rise of around 30 per cent on orders received in the same period last year (Q1 2010: €312.0 million). Engine sales also rose sharply, with the 48,416 units sold in the first quarter outstripping the same period in 2010 by 43.3 per cent
(Q1 2010: 33,784 units). Revenue also rose in line with unit sales. At around €336.0 million it was 42.1 per cent higher than the previous year (Q1 2010: €236.4 million).
“DEUTZ has made an outstanding start to the year. We reported a record level of first quarter operating profit, and for the first time since 2008 we even generated net income after tax and interest for the first three months of the year. This impressive performance, which is clearly reflected in steadily rising figures for new orders, unit sales and revenue, is in line with our optimistic forecast for 2011”, said Dr Margarete Haase, DEUTZ Board of Management member responsible for Finance, Human Resources and Investor Relations.
For 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.com
Public Relations
Georg Diderich
Tel.: +49 (0)221 822-2200
Fax: +49 (0)221 822-15-2200
E-Mail: diderich.g@deutz.com
