Deutz posts fall in revenues for Q1

By Joe Malone22 April 2016

German engine manufacturer Deutz has recorded revenues of €300.2 million for the first quarter of 2016 – a 2.7% decrease from the previous quarter, and a 5.6% fall year-on-year.

However, the company saw an upturn in its earnings before interest and taxes (EBIT) reaching €7.3 million for the first quarter of 2016, which is an improvement of €13 million on the previous quarter.

Its profits were aided by a €5.5 million contribution from a licencing transaction in the Deutz Customised solutions segment.

New orders totalled €327.3 million, which represents a 2% increase year-on-year, and an 11.7% increase on the previous quarter.

Deutz said that it expects its revenues to stagnate or, at best, rise slightly for 2016, and its EBIT will increase moderately compared with 2015. It added that the company expects to face difficult market conditions this year.

Latest News
Cost of building ‘super-size prison’ rises to more than US$1 billion
Rising price of labour, concrete and other materials has driven up cost of project
UK contractor launches new diversity and inclusion strategy
Balfour Beatty aims for 50% increase in female employees by 2030
EDF submits final bid for Czech nuclear plant expansion
French energy specialist joins two other bidders hoping to secure deal at €6bn facility