The 36,907 new engines made by Deutz during the first three months of this year are a drop of 17% when compared to the 44,457 units made during the same three months a year ago. The company says the decrease is due mainly to the strong sale of engines during 2014 ahead of the latest round of EU exhaust emissions. Preliminary Deutz Group financial results for the first quarter of 2015 show the company received new orders worth €321 million, which was 22.5% below the high level reported for the first three months of 2014 (€414.2 million). Despite the 7.2% drop in revenue to €318.1 million there was a significant increase in operating profit, which climbed from €1.9 million to €10.1 million. The company expects this year to be one of transition dominated by lower demand resulting from the advance production of engines in 2014, and forecasts revenue will decline by around 10% by the end of 2015.
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