In 2013, the Deutz Group received orders worth €1,649.7 million (about U.S. $2.27 billion), a 33.4-percent increase compared to €1,237.1 million in 2012. The growth in new orders, particularly in the agricultural machinery and mobile machinery application segments, was attributable to success with new customers, the increasing proportion of higher value products and the advance production of engines in anticipation of new emissions standards, the company said.
In 2013, the Cologne, Germany-based engine manufacturer generated a 12.5 percent jump in revenue to €1.453.2 million, compared with €1.291.9 million in 2012.
For 2014, Deutz is forecasting low double-digit revenue growth and a moderate improvement in the EBIT margin excluding one-off items, which is extects to rise to more than 4 percent. Earnings will be boosted by growth in revenue combined with economies of scale and cost-cutting measures at Deutz AG and at the Chinese joint venture Deutz Dalian.
“The results for 2013 reflect the fact that the measures initiated in previous years have been implemented as part of our strategic repositioning,” said Dr. Helmut Leube, chairman of the Deutz AG board. “Our product offensive had a particularly positive impact in 2013, and we are well equipped for the future with our activities in the growth market of China.”
