Wacker Neuson reports strong performance in Q1 2015

Wacker Neuson’s strong financial performance of late is continuing, with good results posted for the first quarter of 2015. The Munich-based light and compact equipment manufacturer experienced strongest growth in the Americas region. Currency fluctuations had a significant positive impact on growth. The Group has confirmed its forecast for fiscal 2015. Revenue is 11% higher than for 2014 at €324.3 million compared with €291.6 million. This represents a record first quarter revenue for the company. “We have
May 13, 2015 Read time: 2 mins
Munich based Wacker Neuson reports continued business growth in the first quarter of 2015
1651 Wacker Neuson’s strong financial performance of late is continuing, with good results posted for the first quarter of 2015. The Munich-based light and compact equipment manufacturer experienced strongest growth in the Americas region. Currency fluctuations had a significant positive impact on growth. The Group has confirmed its forecast for fiscal 2015. Revenue is 11% higher than for 2014 at €324.3 million compared with €291.6 million. This represents a record first quarter revenue for the company. “We have continued to implement our strategies and they have proved effective even though – from a global perspective – markets are moving in different directions. Our strong market position, above all in Europe and North America, has enabled us to offset negative market developments in South America, Russia and Australia,” explained Cem Peksaglam, CEO of Wacker Neuson.

Revenue in Europe was positive and rose 7% compared with the previous year. This region accounts for 71% of the firm’s business operations. But the company saw its strongest revenue growth in the Americas, which posted a rise of 24%. Currency effects played a major role in this region, with revenue growing 5% when adjusted to discount currency fluctuations.

Currency developments also impacted the Asia-Pacific region, where first quarter revenue was 20% higher than in the prior-year period (6% when adjusted for currency effects).

The company says it is optimistic over the market conditions for the coming months and believes that construction activity will pick up during this period. “The growth strategies that we have initiated are increasingly taking effect. Despite overall economic uncertainties in individual markets and regions, these measures will continue to secure our success for the rest of the year,” said Peksaglam. “We stand by our forecast of an overall revenue for the year of between €1.40 and €1.45 billion. This would correspond to growth of between 9 and 13% relative to the previous year.”
Finance & Funding

For more information on companies in this article

Related Content

  • Wacker Neuson improves Q3 earnings in despite challenges
    November 14, 2016
    Light and compact equipment manufacturer Wacker Neuson Group saw revenue and earnings for the third quarter of 2016 increase relative to 2015. The company said that seen over a nine-month period, revenue remained at the prior-year level, balancing out the drop in earnings experienced during the first half of the year only partly. Despite adverse market factors, including ongoing crises in many emerging markets and key industries such as the agricultural sector, the oil and gas industry and mining, gro
    Read More
  • Wacker Neuson reports strong performance
    August 12, 2013
    Wacker Neuson reports a strong financial performance in the second quarter of 2013, despite tough prevailing economic conditions. This represents an improvement also from the first quarter of 2013 when economic performance was weak. The Wacker Neuson Group’s second quarter revenue increased by 15.8% over the previous year, reaching €329 million compared to €284.2 million. An increase in construction activity in April helped boost sales. “In Q2, our revenue rose 28 % on the prior-year quarter to a new record
    Read More
  • Wacker Neuson reports strong performance for second quarter
    August 8, 2017
    Compact machine specialist Wacker Neuson says that its financial results show a strong second quarter for 2017 as well as an improved outlook for 2017 as a whole. The firm says that profitability improved and has now raised its revenue forecast for the current fiscal year. The Wacker Neuson Group reported record revenue of €425.2 million for the second quarter of 2017, compared with €381.4 million for the same period in 2016. At €46.7 million, profit before interest and tax (EBIT) jumped a healthy 41 % comp
    Read More
  • Wacker Neuson’s strong results reflect demand for small equipment
    November 12, 2015
    The latest financial results for Wacker Neuson reveal strong demand for compact construction machines. The firm has reported revenue in excess of €1 billion for the first nine months of 2015. This marks an increase in business activity compared to the same period last year and a record high for the group. In light of the downturn in key markets in the third quarter, the company revised its forecast for 2015 downwards. However, it still expects to achieve record revenue business levels for 2015.
    Read More

Highlighted Content