Wacker Neuson is bullish following its strong financial performance from worldwide operations. The company has seen steady demand for its compact equipment, aided by currency advantages plus strengthening interest in machine rental.
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.
Wacker Neuson is launching a 1.7tonne battery-powered EZ17e excavator into the North American market. The zero-emission excavator has been a success in the European market and will launch in North America in late 2023 or early 2024, said Gert Reichetseder, president and CEO, Wacker Neuson Americas.
Wacker Neuson, a leading light and compact equipment manufacturer, remains on course for strong growth despite increasing signs of a general economic slowdown.
German light and compact equipment manufacturer, Wacker Neuson, saw its second-quarter 2012 profit fall 38% to €13.8 million, down from €22.5 million in Q2 2011. The Munich-based firm’s quarterly earnings per share dropped 37.5% to 0.20 euros from last year's 0.32 euros. On a more positive note the company’s revenue in Q2 2012 quarter rose 6.5% percent to €284.2 million, from €266.9 million euros in the prior-year quarter.
