Wacker Neuson reports strong performance

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
August 12, 2013 Read time: 3 mins
Munich based light equipment firm Wacker Neuson reports strengthening sales in the second quarter of 2013 and a positive long term potential
1651 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 high for the company. Despite a significantly more intensive competitive landscape, we were able to successfully maintain and in some cases expand our position,” explained Cem Peksaglam, CEO of Wacker Neuson SE.

The light equipment segment reported a 12% Q2 revenue increase relative to the previous year. Revenue from compact equipment such as excavators, wheel loaders, dumpers and skid steer loaders rose by 19$, while the services segment reported a 14% rise in revenue.

Profit before interest, tax, depreciation and amortization (EBITDA) rose 20.4% in the second quarter of 2013 to €44.9 million, compared with €37.3 million for 2012. This corresponds to an EBITDA margin for the quarter of 13.6% compared with 13.1% in 2012. The EBIT margin was 8.9% compared with 8% in 2012. During the first six months of 2013, revenue rose 5% to €586.1 million compared with €558.1 million in 2012. Revenue in the first quarter was 6.2% lower than the prior-year figure due to delayed construction activity. The Group quickly compensated for the drop, however.

The weak first quarter pushed profit for the first half of the year below the prior-year figure. EBITDA amounted to €69.7 million compared to €76.1 million in 2012. This corresponds to an EBITDA margin of 11.9% compared with 13.6% in 2012. Profit before interest and tax (EBIT) totalled €40.4 million compared to €49.2 million in 2012, which brought the EBIT margin to 6.9% compared with 8.8% in 2012.

Looking ahead the firm says it has identified new market opportunities in South America, Eastern Europe, Africa and Asia. To capitalize on this growth potential, Wacker Neuson is increasingly distributing products and services tailored to regional requirements. Further growth opportunities for the Group exist in its core markets of Europe and North America. The company reported a double-digit rise in order intake at the close of the first half year 2013. The overall forecast for the year remains strong.

“Despite our strong second quarter, we will have to keep working hard to meet our revenue and profit goals for the year. As such, we will keep a close eye on spending and focus on our strengths in production and distribution. I am confident that we will once again achieve our goals in 2013,” said Peksaglam.
Finance & Funding Maintenance

For more information on companies in this article

Related Content

  • Wacker Neuson Q2 2012 profits fall by 38%
    August 21, 2012
    German light and compact equipment manufacturer, Wacker Neuson, saw its second-quarter 2012 profit fall 38% to €13.8 million, down from €22.5 million in Q2 2011. The Munich-based firm’s quarterly earnings per share dropped 37.5% to 0.20 euros from last year's 0.32 euros. On a more positive note the company’s revenue in Q2 2012 quarter rose 6.5% percent to €284.2 million, from €266.9 million euros in the prior-year quarter.
    Read More
  • Wacker Neuson remains on growth path in Q3
    November 14, 2014
    Wacker Neuson Group reported a significant rise in revenue and profit for the third quarter of 2014 with especially high performance in the Americas and Asia-Pacific. Sales of light and compact equipment were driven primarily by an upturn in business in North America where the Munich-based group is planning its first production line for compact equipment. All regions contributed to revenue growth in the third quarter of 2014. Europe reported a 14% increase while the Americas and Asia-Pacific both saw reve
    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
  • Wacker Neuson sees business growth with strong results
    November 10, 2017
    The Wacker Neuson Group is reporting a strong third quarter performance for 2017. The company’s latest results reveal a marked increase in revenue and earnings and says it remains positive about the fourth quarter of 2017. Wacker Neuson says it expects its revenue and earnings forecast for the current fiscal year to come in at the higher end of previous forecasts. The Wacker Neuson Group reported revenue of € 378.7 million for the third quarter of 2017. This corresponds to an increase of 20% over the €315.
    Read More

Highlighted Content