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

  • Wacker Neuson confident of strong financial performance
    May 13, 2014
    Munich-based light equipment manufacturer Wacker Neuson reports a healthy balance sheet despite difficult conditions. The company says that group revenue climbed by 13% for the first quarter, compared with the same period last year. This a new record for the first quarter of €291.6 million, compared with €257.1 million for the same period in 2013. The performance was affected by currency fluctuations as currency values in many emerging markets as well as the US dollar lost ground against the Euro in the fir
    Read More
  • Liebherr invests hard for long-term growth as group sales slip to just under US$12.4bn (€9bn)
    January 6, 2017
    The giant construction equipment, mining, cranes and automation systems manufacturer Liebherr recorded group sales of just under US$12.4bn (€9bn) in 2013, $137m (€100m) down on the previous year. The privately-owned company suffered a 4% drop in turnover in its construction and mining division, which turned over $7.7bn (€5.62bn) last year.
    Read More
  • Liebherr invests hard for long-term growth as group sales slip to just under US$12.4bn (€9bn)
    March 4, 2014
    The giant construction equipment, mining, cranes and automation systems manufacturer Liebherr recorded group sales of just under US$12.4bn (€9bn) in 2013, $137m (€100m) down on the previous year. The privately-owned company suffered a 4% drop in turnover in its construction and mining division, which turned over $7.7bn (€5.62bn) last year.
    Read More
  • Equipment firm Wacker Neuson posts bullish results
    March 31, 2014
    Munich-based equipment manufacturer Wacker Neuson reports an increase in Group revenue and profitability in 2013. This has been achieved in spite of tough trading conditions and having met its targets for 2013, the firm aims to remain on track in 2014. The company achieved €1.16 billion in revenue and says it managed to boost market penetration of light and compact equipment in its core European and US markets. It also developed specific new markets. Group revenue rose 6% to €1.16 billion, compared with nea
    Read More

Highlighted Content