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

  • Wacker Neuson builds on Caterpillar link
    November 14, 2012
    Bolstered by building machines for Caterpillar and high demand for its VDS equipped excavators, Wacker Neuson has greatly increased its compact equipment building capability in Linz - Nick Johnson reports At a time when some other construction equipment makers have still scaled back their operations following the global economic crisis, Wacker Neuson has been busy building new facilities and increasing its production capacity. Last month the company officially opened its new compact equipment production fac
    Read More
  • Slow start in 2024 for Wacker Neuson
    May 8, 2024
    Wacker Neuson has seen a slow start in 2024 for sales.
    Read More
  • Wacker Neuson bullish with strong results
    May 12, 2021
    Wacker Neuson is bullish with strong results for the start of 2021.
    Read More
  • Cat introduces its economic D Series mini excavators
    January 6, 2017
    Cat’s new 302.4D mini excavator is one of four mini excavator models being introduced by the company at bauma. Like fellow D Series models the 301.7D and 302.2D, the 302.4D is said to be a powerful and versatile machine that works comfortably in confined spaces. With model configurations said to closely reflect their operating weights of 1.6-2.5tonnes, the new D Series machines are said by Cat to feature powerful hydraulics, a spacious operator environment and excellent service access.
    Read More

Highlighted Content