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

  • Volvo CE looks strong on healthy orders
    January 31, 2018
    Volvo Construction Equipment (Volvo CE) reports a strong performance for the fourth quarter of 2017. This helped its parent company, the Volvo Group, achieve the highest sales and operating income in its history. Improved competitiveness coupled with growing demand, especially in Asia, boosted Volvo CE’s performance in sales, operating income, and order intake.
    Read More
  • Hill & Smith reports strong financial performance
    November 18, 2016
    Hill & Smith Holdings reports a healthy performance for the period 1 July 2016 to 31 October 2016. The firm’s board says that trading has continued to be encouraging and that it expects Group trading performance for the current financial year to be at the top end of market expectations. The group’s results will also benefit from the positive translational impact on its overseas earnings from the recent weakness in Sterling.
    Read More
  • Volvo CE boosted by solid Q3 growth outside China
    October 22, 2021
    Volvo CE has been boosted by solid growth in the third quarter outside of China.
    Read More
  • CECE report highlights European construction growth
    March 13, 2019
    Sales of construction machines continue to be strong across Europe, due to steady growth in construction starts. This has been highlighted in the CECE Annual Economic Report 2019. The report shows that 2018 was the strongest year for the European construction equipment market since the economic crisis in 2008/09. Sales of construction machines in the European market grew by 11% for 2018, and the absolute market level is now 10% below the 2007 peak. There was a considerably growing momentum during 2018: a
    Read More

Highlighted Content