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

  • Cummins posts strong results
    May 5, 2022
    Cummins has posted record quarterly revenues amid healthy off-highway engine demand
    Read More
  • Deutz announces results for 2015
    March 17, 2016
    German engine manufacturer Deutz has today announced its financial results for 2015. New orders amounted to €1.2259 billion, down by 11.1% on the prior-year figure of €1.379 billion. In the service business, new orders were up by 7.2% however, although other segments reported a decrease in new orders compared with 2014.
    Read More
  • Hill & Smith Holdings PLC record 8.5% revenue growth in 2012
    March 12, 2013
    Hill & Smith Holdings PLC, a prominent international group in the manufacture and supply of infrastructure products and galvanising services to global markets, achieved 8.5% revenue growth to US$657.16 million (£440.7mn) in the calendar year 2012, compared to $605.72 million (£406.2mn) the previous 12 months. The Group’s underlying profit before tax was also up 8% to $60.24 million (£40.4mn), from $55.77 million (£37.4mn) in 2011. Just over three quarters – 76% - of profits were generated last year from ov
    Read More
  • Strabag toast ‘double-digit’ revenue and earnings rise
    April 27, 2012
    Strong demand in the German building construction and civil engineering sector and booming Polish transport infrastructure construction helped fuel a double-digit increase in Strabag revenue and earnings during the 2011 financial year. The Austrian construction firm’s earnings before tax and interest (EBIT) rose by 12% to US$442.81million (€334.78million), resulting in an unchanged EBIT margin of 2.4%. Meanwhile, Strabag’s revenue rose by 11% to $18.13billion (€13.71billion).
    Read More

Highlighted Content