Other

New orders in the Other segment, in which Torqeedo has been included since 1 October 2017, amounted to €4.8 million. A total of 1,235 engines were sold in this period. Revenue in the Other segment came to €3.7 million.

The operating loss reported by the Other segment came to €4.6 million (2016: operating loss of €3.2 million), a deterioration of €1.4 million year on year. Due to the first-time consolidation of Torqeedo as at 1 October 2017, the segment’s operating loss for 2017 also includes Torqeedo’s operating loss in the fourth quarter of 2017 of €4.7 million. As Torqeedo’s product range is primarily designed for marine applications, the fourth quarter is usually weaker due to seasonal factors.