Farm Ireland
Independent.ie

Sunday 4 December 2016

Deutz ag enjoys q1 profit

Published 31/05/2011 | 05:00

German engine manufacturer Deutz AG, of whom Italian firm SDF (Same Deutz Fahr) holds a major stake in, announced its preliminary trading figures for the first three months of this year and reports that it has made a profit in the first quarter of the year.

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The Cologne firm states that this is the first time it has made a profit in the first quarter since 2008.

Another positive sign is that Deutz AG reports that it is also its best first-quarter operating profit since 2002.

The firm stated that its operating profit in the first quarter of this year was €18.2m, with a net income of €13.7m.

By comparison, in the same period last year, the firm reported an operating profit of just €0.7m.

New orders in the first quarter of this year amounted to €408.5m, which is a rise of around 30pc on orders received in the same period last year (€312m).

marine

To achieve this, engine sales increased by 43.3pc in comparison to the same period last year, from 33,784 engines to 48,416.

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Deutz AG manufactures engines for many applications including agricultural, marine, generators and more, up to more than 1,300 horsepower.

Bruce Lett

Indo Farming



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