DEUTZ Group: New orders
Significant increase in new orders
The DEUTZ Group received new orders worth €1,952.6 million in 2018, which was 25.4 per cent above the figure of €1,556.5 million achieved in the previous year. New orders increased in all application segments except Automotive: by 48.1 per cent in Material Handling, by 34.1 per cent in Construction Equipment, by 17.6 per cent in Agricultural Machinery and by 7.3 per cent in Stationary Equipment. The Automotive application segment registered a 4.7 per cent decline in new orders. This had been expected because of the Euro 6 emissions standard introduced in Europe in early 2014, for which DEUTZ does not offer compliant engines.
The service business maintained the strong performance seen in recent years with a rise of 6.3 per cent.
New orders also followed a positive trajectory over the course of the year, with year-on-year increases in every quarter. In the fourth quarter of 2018, we received new orders amounting to €403.9 million. This was 5.5 per cent higher than in the fourth quarter of 2017, the first quarter in which DEUTZ Italy (formerly IML Motori S.r.l.) and Torqeedo were fully consolidated and hence included their new orders as well.
DEUTZ Group: New orders by quarter
Orders on hand totalled €438.9 million as at 31 December 2018, a rise of 62.0 per cent compared with the figure of €270.9 million at the end of 2017.