Strong Q2 profit for Wacker Neuson in 2014

Wacker Neuson, the Munich, Germany-based manufacturer of light and compact equipment has posted a clear profit increase in the second quarter of 2014, with revenue remaining at the same level as the previous year. The group posted new record revenue and earnings figures for the first six months of the year, and has confirmed its forecast for fiscal 2014.
August 5, 2014 Read time: 2 mins

1651 Wacker Neuson, the Munich, Germany-based manufacturer of light and compact equipment has posted a clear profit increase in the second quarter of 2014, with revenue remaining at the same level as the previous year.

The group posted new record revenue and earnings figures for the first six months of the year, and has confirmed its forecast for fiscal 2014.

The company reported revenue of €328.4 million for Q2, 2014, bringing the group close to the record figure reported for the prior-year period (Q2 2013: €329.0 million). Adjusted to discount currency fluctuations, revenue increased by 2%.

Profit before interest and tax (EBIT) reached €41.3 million in the second quarter of 2014, an increase of 41% compared to the previous year (Q2 2013: €29.3 million) meaning  the group's EBIT margin grew from 8.9% to 12.6%, with the EBITDA margin increasing from 13.6% to 17.3%.

In the first six months of 2014 revenue grew by 6% on the previous year to €620 million (H1 2013: €586.1 million), a new record high for the group.

“We were able to further expand our market position in Europe, boosting revenue here by 10%,” says Cem Peksaglam, CEO of Wacker Neuson.

“We also reported growth in North America. However, South America and Asia-Pacific developed below our expectations due to falling demand and currency fluctuations.”

The compact equipment segment proved to be a key growth driver, with revenue increasing 13%.

For more information on companies in this article

Related Content

  • Deutz forecasts 2014 revenue growth after 2013 was “encouraging year”
    March 20, 2014
    Deutz is forecasting low double-digit revenue growth in 2014 after describing 2013 as an “encouraging year” for the German company. Last year saw improvements in all the diesel engine manufacturer’s key performance figures, despite the sluggish global market. And the company says tipped 2014 revenue growth is likely to be coupled with a moderate improvement in the EBIT margin excluding one-off items, which the firm expects to rise to above 4.0%. In 2013, the Deutz Group received orders worth €1,649.7 mil
    Read More
  • Caterpillar’s healthy second quarter results
    August 2, 2023
    Caterpillar is reporting healthy second quarter results for 2023.
    Read More
  • Deutz reports strong half-year results
    August 3, 2017
    German diesel engine maker DEUTZ is reporting strong half-year results, which it says will help the firm to invest in research and development into future powertrain solutions. The company says it has seen a marked increase in new orders and revenue as well as a significant improvement in free cash flow, while it has also benefited substantially from the sale of its former manufacturing site in Cologne. The company says that new orders in the DEUTZ Group increased by 18.6% to €803 million for the half-year,
    Read More
  • Deutz reports strong half-year results
    August 3, 2017
    German diesel engine maker DEUTZ is reporting strong half-year results, which it says will help the firm to invest in research and development into future powertrain solutions. The company says it has seen a marked increase in new orders and revenue as well as a significant improvement in free cash flow, while it has also benefited substantially from the sale of its former manufacturing site in Cologne. The company says that new orders in the DEUTZ Group increased by 18.6% to €803 million for the half-year,
    Read More

Highlighted Content