Deutz has said that new orders for 2016 amounted to €1,261.4 million, up by 2.9% 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.

Deutz sold 132,539 last year, a drop of 3.8% compared to last year’s figure of 137,781. The Stationary Equipment and Automotive application segments, in particular, reported fewer engine sales.

Revenue amounted to €1,260.2 million, up by 1% on the €1,247.4 million reported a year earlier.

Revenue was up by 3.3% in the Europe, Middle East and Africa region and by 15.9% in the Asia-Pacific region, but dropped 13% in the Americas.

Deutz said anticipates that the market will stagnate in 2017 or grow slightly. 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. The EBIT margin before exceptional items is expected to increase moderately.