Deutz reported new orders rose 23.2 percent in the first quarter of 2017 compared to the first quarter of 2016, reaching €403.2 million, compared to €327.3 million a year ago. Deutz also posted a 23.6-percent increase compared to the fourth quarter of 2016. At 37,153 engines, unit sales jumped 15.7 percent on both the year-ago quarter (32,112 engines) and the fourth quarter (32,100 engines).

Revenue for the first quarter of 2017 was €352.5 million, a year-over-year rise of 17.4 percent compared to €300.2 million in the year-ago frame. Deutz’ largest region – Europe, Africa and Middle East – realized strong revenue growth. Revenue also increased in the Americas region but declined slightly in the Asia-Pacific region.

Broken down by application segment, revenue increased in Construction Equipment, Material Handling and Agricultural Machinery, but decreased in Automotive and Stationary Equipment segments.

“We have made a successful start to 2017,” said Dr. Frank Hiller, chairman of the Deutz board of management. “New orders increased in all regions and application segments. The inflow of funds provided by the sale of the site opens up new opportunities for investing in our growth and the strengthening of our core business.”