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.
Wacker Neuson Group (WN) achieved its higher ever revenue quarter in the first three months of 2012.
The €274million revenue recorded in Q1 2012 was a 29.3% rise on the €211.8million posted over the same period of 2011. “The compact equipment segment and the Americas region were our two strongest growth drivers, reporting revenue gains of 51% and 34% respectively relative to the previous year’s quarter,” said Cem Peksaglam, chief executive of WN. “Our expansion strategies are gaining traction. Despite gene
Wacker Neuson said that it managed to keep 2016 revenue stable despite challenging market conditions but profitability was impacted by crises in key markets.
The company is positive about 2017 and expects revenue and earnings to grow again.
Revenue for 2016 was €1.36 billion, up only 0.3% on 2015.
Profit was negatively affected by crises in emerging markets and industries as well as a number of one-off effects, the company said. Profit before interest and tax (EBIT) contracted 15% to just over €88
Swedish-based firm Volvo Construction Equipment (Volvo CE) reports stronger-than-expected increases in demand from customers in Europe and North America. The firm says that this performance has helped boost third quarter sales. Steady sales in many markets having a positive impact on financial performance. Net sales in the three months of July-September rose by 18% to US$2.28 billion, compared with $1.94 billion in the same period last year and when adjusted for currency movements, net sales increased by 27
