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

  • Q2 sales down but market share up for Volvo Construction Europe
    July 19, 2016
    Volvo Construction Equipment reports share growth as overall market declines in Q2. Lower demand in most markets outside Europe weighed on Volvo CE’s second quarter 2016 revenue. But this was partially offset by gains in market share in the heavy equipment segment, according to a written statement from the Swedish manufacturer. Adjusted for currency movements, Volvo CE reported net sales down 7% in the second quarter of 2016, impacted by lower demand in most markets outside Europe. Weaker machine sal
    Read More
  • Hill & Smith reports strong performance
    May 17, 2016
    Hill & Smith Holdings reports a good start to the year, with trading ahead of expectations. The firm’s latest trading update runs from 1st January 2016 to 30th April 2016. The board says it is pleased to report that trading in the period has been encouraging and is ahead of the expectations that it set out at the time of reporting its 2015 preliminary results in March. Revenue for the period was £163.1 million, compared with £153.2 million for the same period in 2015. This represent a 2% organic increase
    Read More
  • Mining market demand dip hits Atlas Copco’s orders and revenues
    April 30, 2013
    Cautious mining customers holding back from investing in equipment is said by Atlas Copco to be a key reason behind an ‘organic’ decline of 11% in the value of its product and service orders and 5% ‘organic’ drop in revenues compared to the same three months of last year. The firm’s orders received value decreased to €2.45 billion (SEK 21,008mn) in Q1 2013 from €2.89 billion (SEK 24,827mn) in Q1 2012. Atlas Copco revenues were €2.36 billion (SEK 20,227mn) in the first three months of 2013, compared to €2.59
    Read More
  • Deutz bullish
    March 1, 2012
    Engine manufacturer Deutz reports a strong first quarter.
    Read More

Highlighted Content