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’s new products for North America at CONEXPO-CON/AGG 2014
    February 21, 2014
    Wacker Neuson’s big draw at CONEXPO-CON/AGG 2014 is the unveiling of its new skid steer loader series, designed specifically for the needs of the North American market. Four models, the SW 24 and SW 28 on wheels and ST 35 and ST 45 on tracks, will be available at the German company’s North American and Canadian dealer network from mid-2014 onwards.
    Read More
  • VDMA reports on construction machine business
    August 2, 2016
    The German construction equipment manufacturing association reports wide variations in business activity across different markets. Overall, the VDMA reports that for construction equipment, the 2016 growth forecast remains at over 3%. According to the VDMA, German construction equipment manufacturers remain cautiously optimistic at the middle of the year. “After a great bauma trade fair in April we are again in the midst of our daily business – which holds a number of challenges and uncertainties,” said
    Read More
  • Cummins posts strong results
    May 5, 2022
    Cummins has posted record quarterly revenues amid healthy off-highway engine demand
    Read More
  • JCB reports strong performance despite tough market
    May 12, 2014
    UK equipment manufacturer JCB is bullish and reports strong sales, despite difficult trading conditions. The company claims that its sales for 2013 are the third highest it has achieved, since the firm was established 68 years ago. Earnings stood at €383.7 million on an EBITDA basis, compared with €447.4 million for 2012. Meanwhile turnover reached €3.28 billion, close to the €3.31 billion achieved for 2012 and machine unit sales stood hit 66,227, compared with 69,250 for the previous year. JCB Chairman Lor
    Read More

Highlighted Content