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

  • CNH Q2 2013 construction equipment sales down 6%
    August 14, 2013
    CNH recorded a 6% drop in its construction equipment sales revenue to US$939 million in the second quarter of 2013, compared to $1.001 billion sales revenue over the same period of 2012. Operating profit from the Group’s construction equipment sales was $12 million in Q2 2013, down 29% from the $17 million achieved in Q2 2012 as CNH continued to match production levels to retail demand, while also deploying production efficiency initiatives and improved price recovery.
    Read More
  • Profit boost for Rolls-Royce Power Systems
    August 8, 2022
    Rolls-Royce Power Systems sees record order intake in second quarter and significantly increases profit.
    Read More
  • Caterpillar posts record annual sales, revenues and adjusted profit per share
    February 7, 2024
    Caterpillar set a new company annual sales, revenues and adjusted profit record in 2023.
    Read More
  • Wacker Neuson’s high-quality Asian range
    January 6, 2017
    Wacker Neuson is exhibiting at bauma China in Shanghai. The company has been represented in Hong Kong since 1997 and in Shanghai, Beijing and Shenzen since 2006 and is introducing new products tailored to the demands of the Asian market. The firm is strong in the market for compaction machines, generators, pumps and light towers. “Our aim is to offer safe, high-quality products at competitive prices. We have accomplished this and are pleased about the positive feedback received from the market,” said Cem Pe
    Read More

Highlighted Content