The engine manufacturer Deutz increased its profit significantly in the second quarter, but is still making reservations about its forecast for the year. From April to June, the Cologne-based company achieved a adjusted earnings (EBIT before special items) from 26.8 million euros. Compared to the same period last year, this is an increase of almost 68 percent. Deutz announced on Thursday that the group had benefited from a higher business volume and savings. The total number of engines sold rose by 6.3 percent to 58,726. Of the Sales volume increased by a good 13 percent 482.5 million euros. The outbreak of the Ukraine war has not had any significant negative effects on demand so far.
Deutz benefits from the fact that business in Russia, Belarus and the Ukraine only accounts for around 20 million euros in sales per year. In addition, the company has no branches in Ukraine or Belarus and no direct suppliers based in the crisis regions. After Deutz stopped its new engine business with Russia and Belarus until further notice immediately after the outbreak of the war, the next step was to freeze all technical and sales activities.
However, the effects of the war, such as rising energy and raw material prices, material and logistics bottlenecks and a possible delivery stop for Russian gas in parts of Europe, also meant great uncertainty for Deutz. That is why the one published in the 2021 Annual Report stands forecast for the full year 2022 still subject to change. The people of Cologne had one in there Sales increase to 1.70 to 1.85 (2021: 1.6) billion euros and a EBIT margin before special items of 3.5 to 5.5 percent provided in promising. In the second quarter, the return was 5.6 percent.