Wacker Neuson upbeat as turnover hits new record

Wacker Neuson has broken through the €1 billion mark for the first time, recording a turnover of €1.1bn in 2012. The company saw sales grow by 10% in the year with the biggest increase (20%) coming from the Americas. And despite the economic downturn, sales in Europe were up by 7% as they were in the Asia-Pacific region, which was adversely affected by the Chinese market.
January 6, 2017 Read time: 2 mins
1651 Wacker Neuson has broken through the €1 billion mark for the first time, recording a turnover of €1.1bn in 2012.

The company saw sales grow by 10% in the year with the biggest increase (20%) coming from the Americas. And despite the economic downturn, sales in Europe were up by 7% as they were in the Asia-Pacific region, which was adversely affected by the Chinese market.

Speaking at bauma, chief executive officer Cem Peksaglam said the company had invested €303m over the past three years and 2012 had seen a significant increase in production capacity with the opening of a new facility in Austria.

The year also saw the introduction of a range of M series machines for the Asian markets and he reported that the alliances with 178 Caterpillar (for mini excavators) and Claas (telehandlers) are running smoothly.

He predicted continuing growth with turnover rising to €1.2bn in 2013 and a margin (EBITDA) of 13%. Looking further ahead, Peksaglam expects double-digit growth in 2014 and said investments will total around €80m both this year and next.

Stand:F9 909

www.wackerneuson.com

View more stories

For more information on companies in this article

Related Content

  • JCB announces record results for 2011
    April 19, 2012
    JCB CEO Alan Blake has reported record financial results for the UK machinery manufacturer. Turnover in 2011 rose to €3.33bn, 37% up on 2010, with earnings before tax of €430m from sales of 69,100 machines. Speaking at INTERMAT, Blake said: “The market has recovered by 80% since the last INTERMAT, mainly thanks to emerging markets. Russia is up 122%, India 24% and Brazil 10%. However, Western Europe has also improved, up 25% on last year.”
    Read More
  • Parker Hannifin adds fourth control function
    January 6, 2017
    Parker Hannifin has introduced a fourth proportional function joystick for use in materials handling, construction and forestry equipment. The IQAN-LC6 mini-coordinate joystick allows the use of a fourth proportional circuit through a ring around the base of the lever.
    Read More
  • Parker Hannifin adds fourth control function
    April 14, 2013
    Parker Hannifin has introduced a fourth proportional function joystick for use in materials handling, construction and forestry equipment. The IQAN-LC6 mini-coordinate joystick allows the use of a fourth proportional circuit through a ring around the base of the lever.
    Read More
  • Tecnotest has powerful new touch screen
    January 6, 2017
    Materials testing equipment manufacturer Tecnotest has launched a powerful new touch-screen display unit, Touchtronic. “We were not the first to introduce the touch screen, but this has given us the opportunity to see what other firms provide and to enhance it,” said Tecnotest overseas and regional European sales manager Patricia Sarson.
    Read More

Highlighted Content