Wacker Neuson chief executive Cem Peksaglam is “cautious” about 2016

Sales were good for Wacker Neuson in 2015 but it was an uphill battle, according to Cem Peksaglam, the chief executive of Wacker Neuson Group. Since 2011 the German machine maker has seen “good growth”, said Peksaglam. Revenue was up 39% during this period, for around 8.5% annual compound growth. Revenue reached around €1.38 billion last year, despite “a little bit of a struggle” in 2015, he told reporters during a presentation at bauma. Sales in North America were strong in the infrastructure mark
April 13, 2016 Read time: 2 mins
Sales were good for 1651 Wacker Neuson in 2015 but it was an uphill battle, according to Cem Peksaglam, the chief executive of Wacker Neuson Group.

Since 2011 the German machine maker has seen “good growth”, said Peksaglam. Revenue was up 39% during this period, for around 8.5% annual compound growth.

Revenue reached around €1.38 billion last year, despite “a little bit of a struggle” in 2015, he told reporters during a presentation at bauma.

Sales in North America were strong in the infrastructure market which made up for a poor showing in the oil sector, thanks to the continuing weak price of oil and a depressed raw commodities sector.

The company remains committed to Brazil, despite its financial difficulties, and this month will open a assembly plant for generators.

For this reason, he is “sceptical and cautious” about growth for 2016. The company, which recently launched a new logo, has estimated this will be around €1.45 billion at most.

Peksaglam shared his thoughts with World Highways magazine in an exclusive interview during bauma.

For more information on companies in this article

Related Content

  • Plans in hand for bauma 2016 exhibition, with positive market outlook
    May 18, 2015
    The organisers of the bauma exhibition in Germany predict a positive future for the construction market in 2016. Large increases are expected in the North American market while there are also pPositive trends in the Near and Middle East. Last year North America and Europe were the most dynamic construction machinery markets in the world according to data from the bauma organisers. Some market experts believe that this trend could continue in 2015. This is one of the reasons why the market in construction
    Read More
  • Volvo CE sales up 10% in Q1 2014
    April 25, 2014
    Volvo Construction Equipment says growth in mature markets is the biggest contribution to its 10% sales increase in the first quarter of 2014, compared to the same three months of last year. The first three months of this year saw improved earnings on the back of increased sales, deliveries and order intake. The period also saw the launch of a new range of Volvo CE Tier 4 Final/Stage IV compliant models.
    Read More
  • Changing face of global construction industry
    February 28, 2012
    David CA Phillips reports on the changing structure of the global construction equipment industry. In 2007, the year of peak historical demand and before the onset of the international financial crisis, estimated total sales of key equipment types stood at just over 1,000,000 units, valued at approximately US$100 billion. By 2009 sales had fallen to around 600,000 units valued at around $65 billion. The consequences of the global financial recession were dramatic and immediate, and remain with us today, and
    Read More
  • Latest corporate construction equipment results prompt curiosity
    April 15, 2015
    A quick look at corporate results for some of the major construction equipment manufacturers paints a somewhat confusing picture of current demand. Caterpillar, the world’s largest manufacturer of off-highway machines and for so long a bell-wether for the construction sector, recently released results showing a drop in profits.
    Read More

Highlighted Content