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

  • European equipment sales up 15% in 2017, according to the CECE
    March 16, 2018
    European construction sales grew by 15% in 2017, according to the Annual Economic Report 2018* from the CECE - Committee for European Construction Equipment. After a very strong first quarter, growth slowed down in the second quarter, before taking off again in Q3 and Q4. Current levels of sales are on par with the levels seen in 2006 and 2008, but the industry is still 20% below the 2007 peak.
    Read More
  • Rolls Royce powers ahead in first half 2021
    August 9, 2021
    Profit and orders are up at Rolls Royce Power Systems, maker of mtu engines
    Read More
  • Improved safety on German road network
    November 28, 2013
    Preliminary data from Germany's Federal Statistics Office, Destatis, reveals an improving road safety situation in the country. The latest figures show that the number of people killed in road traffic crashes in Germany decreased by 283 or 10.3% to 2,466 in the first three quarters of 2013 compared to the same period in the previous year. The number of people injured in road crashes in the first three quarters of 2013 period fell by 5.3% to around 279,100. Meanwhile the overall number of crashes registered
    Read More
  • Italian manufacturer body Unacea reveals machine exports
    October 31, 2014
    The Italian construction equipment manufacturer body Unacea has revealed comprehensive information on machine sales and exports. The data shows that construction machine sales in Italy grew 12% in the first nine months of 2014. However exports fell 7% and Unacea believes that the export performance of Italian manufacturers on the world market will have shrunk by the end of the year compared with the figures for 2013. Over the first nine months of 2014, construction equipment sold in the Italian market sto
    Read More

Highlighted Content