DEUTZ Group: New orders
Year-on-year decrease in new orders
The DEUTZ Group received new orders worth €1,379.0 million in 2014, which was 16.4 per cent below the figure of €1,649.7 million achieved in the previous year. The Mobile Machinery and Stationary Equipment application segments managed to increase their volumes of new orders by 10.5 per cent and 4.5 per cent respectively. The service business achieved a small gain of 2.8 per cent, whereas the volume of new orders received in the Automotive and Agricultural Machinery application segments slumped by 53.3 per cent and 59.2 per cent respectively. The fall in new orders in the Automotive application segment had been anticipated, because the Euro 6 emissions standard was introduced at the start of 2014 and DEUTZ does not offer compliant engines. The decrease in Agricultural Machinery was largely due to the very high level of orders received in 2013 and the current weakness of the market. However, the fact that we acquired new customers across all regions and applications was very encouraging.
While the level of new orders received in the first quarter of 2014 was 6.6 per cent higher than in the same period of 2013 due to the advance production of engines ahead of the introduction of the latest EU exhaust emissions standard, the remaining three quarters failed to match their prior-year level. The first quarter, when orders worth €414.2 million were received, was also the strongest quarter. The volume of new orders received in the fourth quarter was €302.2 million, a year-on-year fall of 32.3 per cent and a quarter-on-quarter fall of 8.4 per cent.
DEUTZ Group: New orders by quarter1)
1) These and subsequent quarterly figures are based on the published quarterly financial statements and have not been audit
As at 31 December 2014, orders on hand stood at €219.7 million, 40 per cent lower than the figure of €366.1 million as at 31 December 2013.