Deutz sees first quarter orders drop but profits rise

201 Deutz, the German motor manufacturer, reported first quarter 2015 new orders down 22.5%, but profit rose slightly on the same period last year.

A Deutz statement said new orders received for the first three months totalled €321 million, down from €414.2 million last year.

Unit sales fell by 17%, from around 44,460 engines to just over 36,900 engines. “Much of this decrease is due to the strong sale of engines in the prior-year period ahead of the latest EU exhaust emissions standard,” said the statement.

Revenue amounted to €318.1 million, down by 7.2% from €342.7 million reported a year earlier and in line with performance that was expected for the beginning of 2015.