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

  • Strabag Q1 revenue dips 7% but EBITDA improves 13%
    June 6, 2016
    Vienna-based Strabag reported output volume of nearly €2,257 million in the first quarter of 2016 financial year, a decline of 9%. However, Q1 EBITDA (earnings before interest, taxes, depreciation and amortisation) improved by 13% to €-57.71 million. The order backlog also decreased on the year, coming to rest at €13,976.62 million on 31 March 2016 – an 8% decline versus the first quarter of 2015. The number of employees fell by 3% to 68,808. This reduction took place almost entirely among blue-col
    Read More
  • Investment in new excavator plant
    May 10, 2012
    A silver spade ceremony was held in June to mark the official start of construction at the new Wacker Neuson plant in Hörsching, Upper Austria. Light and compact equipment manufacturer Wacker Neuson is investing around e65 million (including purchasing and developing the site) in what will be “one of the largest, most modern plants for compact equipment in the world.” The first compact equipment should be rolling off the production line as early as the beginning of May 2012.
    Read More
  • Volvo CE Q1 2013 net sales down 33% - but firm maintains profitability
    April 25, 2013
    Volvo Construction Equipment (Volvo CE) said sharply lower global demand, especially in the mining sector, during the first three months of 2013 had caused its 33% net sales decline in the quarter to US$1.829 billion (SEK 12,136mn). The Swedish construction equipment manufacturing giant’s operating income was also down in Q1 2013 to $75.38 million (SEK 500mn), compared to $314.97 million (SEK 2,089mn) in the first quarter of 2012, while operating margin was 4.1%, down from 11.6% in Q1 2012. Volvo CE said it
    Read More
  • Wacker Neuson’s new factory in China
    June 22, 2016
    Wacker Neuson has plans to open a new factory facility in China. The plant will be located in Pinghu, around 30km from Shanghai. It will be used initially to produce compact excavators for the local Chinese market. However the plans call for additional products to be manufactured as the operation gears up. It is expected that the first Chinese-made compact excavator will be built in early 2018. The move is important as it will allow Wacker Neuson to boost its production capabilities in Asia. The new pla
    Read More

Highlighted Content