Wacker Neuson improves profit margins

Munich,Germany-based light and compact equipment manufacturer Wacker Neuson grew at an "above-average rate" during the second quarter of 2011.
February 24, 2012 Read time: 1 min
Munich,Germany-based light and compact equipment manufacturer 1651 Wacker Neuson grew at an "above-average rate" during the second quarter of 2011. Revenue was up 30% to €266.9 million compared to €205.3 million in the same period in 2010.

"We grew significantly faster than the overall market during the second quarter," explains Richard Mayer, spokesperson for the executive board. "This acted as a further lever for our earnings power and revealed efficiency gains across the group"

Preliminary profit before interest, tax, depreciation and amortisation (EBITDA) for the second quarter was up 69.3% on the previous year at €45.7 million (Q2 2010: €27 million), the highest figure since the 2007 merger.
Earthmoving & soil compaction Maintenance

For more information on companies in this article

Related Content

  • Deutz new orders worth down 16.4% in 2012 to €1.237.1 billion
    March 19, 2013
    German engine manufacturing giant Deutz saw the worth of its new orders fall 16.4% in 2012 to €1.237.1 billion, compared to 2011 new orders worth €1.479.3 billion. The Cologne-based firm sold almost 179,000 engines in 2012 - 22.5% fewer than in the previous year. The Deutz Group's revenue decreased by 15.5% to €1.291.9 billion in 2012. Average revenue per engine increased owing to the greater proportion of higher-value engines. Deutz said the difficult economic climate in Europe and a weakening capital equi
    Read More
  • Wacker Neuson wants to grow in the US
    January 6, 2017
    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
    Read More
  • Wacker Neuson wants to grow in the US
    March 7, 2014
    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
    Read More
  • Cummins sets new quarterly record
    November 6, 2023
    The US-headquartered global off-highway machine engine giant posted a 15% year-on-year revenue rise to US$8.4 billion.
    Read More

Highlighted Content