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.
Key manufacturers reported a return to business confidence in China at the recent bauma China 2016 construction equipment exhibition
The event was held at the Shanghai New International Expo Centre (SNIEC) and attracted 170,000 visitors from 149 countries, despite the cold weather and constant rain that plagued its first two days. The healthy attendance is a reflection of the gradually improving Chinese market. The Chinese economy suffered a slump in business levels in recent years, following a boom per
Wacker Neuson’s preliminary results make promising reading, with group revenue rising by 6% in 2013 to €1,160 million. Since 2009, revenue has almost doubled, rising from €597m. Speaking at Conexpo, CEO Cem Peksaglam stated the group’s intent to grow its business outside Europe: “Over 70% of our revenues are in Europe, but that proportion has been falling for the past two years, which is strategically important,” he said, “because in the long-term, we believe that the European share will fall to 50-55% and
Wacker Neuson’s preliminary results make promising reading, with group revenue rising by 6% in 2013 to €1,160 million. Since 2009, revenue has almost doubled, rising from €597m. Speaking at Conexpo, CEO Cem Peksaglam stated the group’s intent to grow its business outside Europe: “Over 70% of our revenues are in Europe, but that proportion has been falling for the past two years, which is strategically important,” he said, “because in the long-term, we believe that the European share will fall to 50-55% and
Sales were good for Wacker Neuson in 2015 but it was an uphill battle, according to Cem Peksaglam, the chief executive of Wacker Neuson Group.
Since 2011 the German machine maker has seen “good growth”, said Peksaglam. Revenue was up 39% during this period, for around 8.5% annual compound growth.
Revenue reached around €1.38 billion last year, despite “a little bit of a struggle” in 2015, he told reporters during a presentation at bauma.
Sales in North America were strong in the infrastructure mark
