Cologne, Germany-based engine manufacturer Deutz achieved substantial growth in the first half of 2011, with the volume of new orders of €797.1 (about U.S. $1.14 billion), a 20.9-percent increase compared to the first half of 2010’s €659.5 million. Unit sales of engines rose to 107,198 engines, about 42-percent higher than the first half of last year.
Revenue jumped 36 percent to €724.1 million (about U.S. $1.03 billion), compared with €534.5 million a year ago. Deutz’ operating profit for the first half of 2011 amounted to €44.3 million, compared with €13.3 million a year ago, more than tripling profit.
“We can look back on the first six months of 2011 with satisfaction,” said Dr. Helmut Leube, Deutz chairman of the board. “Demand for our engines remains strong, our capacity utilization in production is high and our profitability has improved significantly as a result of measures taken to cut costs and boost efficiency. We believe there are still good prospects for profitable growth and we are very confident that we will exceed our targets in 2011."
