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.
April 16, 2013 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 profit in 67-year history
    January 6, 2017
    JCB has announced the best results in its 67-year history with earnings reaching a new record. While turnover for 2012 remained virtually unchanged at £2.7 billion, profit rose by £10m to £365m on an earnings before interest, taxes, depreciation, and amortisation (EBITDA) basis.
    Read More
  • JCB announces record profit in 67-year history
    April 15, 2013
    JCB has announced the best results in its 67-year history with earnings reaching a new record. While turnover for 2012 remained virtually unchanged at £2.7 billion, profit rose by £10m to £365m on an earnings before interest, taxes, depreciation, and amortisation (EBITDA) basis.
    Read More
  • Wacker Neuson record slight revenue drop in Q1 2013
    May 22, 2013
    The Wacker Neuson Group reported a slight drop in revenue and earnings for the first quarter of 2013 compared to the same three months of last year. The German construction equipment manufacturer says that a weak European economy was one of the main factors that dampened demand for light and compact construction equipment in Q1 2013. In addition, the Group’s strong performance in first quarter of 2012 is said to have resulted in an above-average baseline for comparison. At US$331.26 million (€257.1mn), Grou
    Read More
  • Wacker Neuson’s record nine month revenues, despite tough economy
    November 27, 2012
    Wacker Neuson (WN) achieved record nine month revenues in the year to September 30, 2012 – while also recording a slight year-on-year rise in Q3 2012. Group revenue in the first nine months of 2012 rose 12% to €812.6 million, compared to €727.6 million in 2011. Light equipment and compact equipment were the strongest sections, reporting increases of 10% and 14% respectively. The Americas was the strongest regional revenue driver, with a rise of 22%. In Europe, revenue grew by 8%. However, WN Group revenue f
    Read More

Highlighted Content