Financial Overview
|
(in million euros) |
| |
FY ended Dec. 31, 2012 |
FY ended Dec. 31, 2011 |
Rate of change (%) |
Factors |
| Sales |
1,291.9 |
1,529.0 |
(15.5) |
1) |
| EBITDA |
123.1 |
160.3 |
(23.2) |
- |
| Automotive |
| Sales |
192.1 |
213.6 |
(10.1) |
- |
Factor1)
-The Company's revenue decreased by 15.5% in 2012. This was because an increasing proportion of engines sold met the new emissions standards in Europe and North America.
Contracts
-In May 2012, the Company announced that it won new orders amounting to 390 million euros in the first quarter of 2012. This figure was up by more than a quarter compared with the final three months of 2011 (Q4 2011: 310 million euros) and only slightly below the 409 million euros taken in the first quarter of 2011. The company sold 46,461 engines in the first three months of this year, which was approximately 4 per cent fewer than in the corresponding period last year (Q1 2011: 48,416 engines). (From a press release on May 10, 2012)
Business Partnership
-In October 2012, the Company,
Robert Bosch GmbH, and
Eberspaecher GmbH & Co. KG have agreed to restructure their collaboration in the area of diesel exhaust-gas treatment. To this end, Bosch plans to acquire all the shares in Bosch Emission Systems GmbH & Co. KG (BESG) from Deutz and Eberspaecher. In the future, the company plans to increase its business with truck and engine manufacturers as well as non-road-mobile machinery manufacturers in North America and Asia. In addition, the collaboration between Bosch and Deutz is to be expanded, and will take the form of a partnership. The partnership will focus on exhaust-gas treatment, diesel injection technology, and electronics. BESG will also continue to supply Deutz with systems for exhaust-gas treatment. Eberspaecher will continue to supply components to BESG. In addition, Bosch and Eberspaecher intend to collaborate closely on joint development projects in the area of exhaust-gas treatment technology. Since it was set up in 2010, BESG has offered a modular system for treating the diesel exhaust gas of vehicles ranging from construction and agricultural machinery to trucks and buses. Approximately 180 associates work for BESG at three locations in Germany. (From a press release on October 12, 2012)
Business Overview
-In September 2012, the Company announced that AB Volvo increased its shareholding in Deutz from 6.7 per cent to just over 25 per cent. Following an announcement in June 2012, AB Volvo has acquired 22,117,693 shares from majority shareholder Same Deutz-Fahr for approximately 130 million euros. As a result of the transaction, AB Volvo now has a shareholding of 25 per cent plus one share, making it the largest Deutz shareholder. Italian agricultural machinery manufacturer Same Deutz-Fahr continues to hold approximately 8.4 percent. (From a press release on September 13, 2012)
