After successfully started in 2021, DEUTZ continued to maintain growth in the second quarter, and successfully ended the first half of the year.
The second quarter of 2021 was 426.8 million euros, an increase of 52.3% compared to the same period in 2020. Deducting the special project pre-tax profit (EBIT) was 16 million euros (38.1 million euros in the second quarter of 2020) in the second half of 2021, the operating profit was 16.8 million euros, and the same period was 49.9 million euros in 2020.
DEUTZ's comprehensive sales of 770.2 million euros in the first half of 2021, an increase of 24.2% compared with the same period of the previous year (2020).
In the first half of 2021, the total number of new orders received by DEUTZ was 1.65% compared to the same period of the previous year (2020) that was seriously affected by the epidemic. Due to the increase in customer investment, all regions and applications have achieved growth of two digits.
Among them, the growth of Germany is particularly significant, an increase of 31.5%. China is the largest market in the DEUTZ regional growth strategy. In the first half of 2021, it reached 76.4 million euros, an increase of 40.4% compared with the first half of 2020.
As of June 30, 2021, the Totale Group's hand orders were 531 million euros. Existing orders for service business increased by 62.5% to 35.1 million euros. And only new orders in June 2021 increased by nearly 100 million euros. DEUTZ explained that the main reason for this situation is that the order is prejudice to deal with price adjustment and the extension of the delivery cycle caused by the shortage of raw materials and logistics bottlenecks.
During the reporting period, the DEUTZ group was sold 93,627 engines, a year-on-year increase of 26.8%. Among them, the DEUTZ engine (excluding the electric product of its subsidiary Torqeedo) totaled 75,431 units, an increase of 30.9%.
DEUTZ said that it is foreseeable that issues such as raw materials supply shortages in the globe will inevitably continue to affect performance, but "We still have confidence in the first half of this year," we still have confidence in achieving all-year goals, "DR Frank Hiller revealed that DEUTZ engine was expected to be 140,000-155,000 units in 2021, with income to 15-1.6 billion euros. The income of the profitable service business is expected to reach 400 million euros.
DR. Frank Hiller, CEO of DEUTZ Group, still exists, but we continue to implement strategic growth plans, and will focus on new technology applications and promote the development portfolio. "He added:" Our The hydrogen energy engine has now achieved market maturity, which allows us to take a non-highway driving solution from zero. As customers' will return again, we see people for new innovative drive systems, wheel is hydrogen Energy or electric products, more and more interested. "
As early as March 2019, Dotz has signed a cooperation intentbook with the headquarters of the startup of Munich. DEUTZ said that while advancing the electric power strategy, hydrogen energy has created more possibilities for carbonaceous and drive systems. DEUTZ and Keyou plans to develop hydrogen energy engines for off-road and highway applications and power generation, and put these engines into production.
While discloses the latest performance, DEUTZ attaches great importance to continuing to expand its profitable service business.
DEUTZ has always focused on building strategic alliances and partnerships, while the epidemic situation has further highlighted the importance of these relationships on the world's flow and supply chain. DEUTZ signed a long-term supply agreement with agricultural machinery manufacturer SDF in early February 2021. At the beginning of July, it has also made another partnership with Ako, except for the Fandt tractor supplies new 6.1 liters and 4.1-liter engine, and the future two companies will explore the possibility of extending cooperation into 150 horsepower, and related components. .
