Every three years construction equipment manufacturers from around the world gather at CONEXPO in the Las Vegas Convention Center in the heart of the entertainment metropolis in the Nevada desert.
This year DEUTZ AG debuted to the American market four new diesel engines – the company’s new four-cylinder TCD 5.0 and TCD 9.0 diesel engines and the six-cylinder TCD 12.0, TCD 13.5 and TCD 18.0.
Headed for worldwide distribution in 2019 to meet the next EU Stage V emission standard, the compact TCD 5.0 produces 656 lb ft of torque via a design that uses less pipework and fewer components.
It’s counterpart four-cylinder TCD 9.0 targets wheel loaders and excavators with its 300-400 hp, and more than 1,250 lb ft of torque.
DEUTZ also unveiled two in-line six-cylinder models, including the 536 hp TCD 12.0 and 600 hp TCD 13.5.
DEUTZ AG – FINANCIAL RESULTS FOR 2016
Earlier in the month, DEUTZ AG announced its consolidated financial results for 2016.
New orders amounted to €1,261.4 million, up by 2.9 per cent on the prior-year figure of €1,225.9 million.
The level of new orders rose in the Construction Equipment, Material Handling and Agricultural Machinery application segments, and in the service business.
Here is a top-level overview of the results:
- In total 132,539 engines were sold.
- Operating profit (EBIT) rose by €18.5 million to €23.4 million in 2016.
- The EBIT margin improved to reach 1.9 per cent, compared with 0.4 per cent the year before.
- Net income increased from €3.5 million in 2015 to €16.0 million, which resulted in earnings per share of €0.14 compared with €0.04 for the same period of the previous year.
Dr Frank Hiller was appointed as a member of the Board of Management and its chairman with effect from 1 January 2017 – “We want to work together with our customers in stable, long-term partnerships and offer them assured and innovative technologies. Our objective is to further strengthen our market position and our commercial success and thus make ourselves more attractive to our customers and the capital markets,” said Dr Hiller.
Although DEUTZ anticipates that the market will stagnate in 2017, or perhaps grow slightly, it can already see early signs of a potential improvement in the market. A strong base effect has resulted from customers in Europe coming to the end of their inventories. Consequently, the company forecasts a marked increase in revenue.