Wacker Neuson: Increasing Revenue

The manufacturer Wacker Neuson has recorded the revenue and the higher profits for the Q3 2016. During the period of 9 months, the revenue remained stable comparing to the previous exercise on 2015.

The revenue of the European market was increased 9% because boosted by the dynamic demand for construction in German-speaking countries and in France, Denmark, Sweden and the Benelux countries. On the other hand, the US market decreased by 15% impacted by substantial stocks in North America dragging down the demand plus large volumes of used equipment circulating on the market at low prices. Despite the growth in China, Wacker Neuson experienced falling demand in Australia and New Zealand. The revenue felt to 23% in the Asia-Pacific region.

In the first 9 months of the year, the revenue displays € 1 013.5 million on the counter, remained stable compared to the previous year (€ 1 014.4 million), weakened by a first quarter quite fragile and the important change in products mix. The result for the period amounted to € 45.8 million against € 53.7 million in 2015 “2016 is undoubtedly a year of transition during which we have optimized processes and laid the foundation for future growth” said Cem Peksaglam, CEO of Wacker Neuson.

"We continued to make progress at international by establishing new production sites in Brazil and soon in China. In addition, we have centralized our spare parts service in Europe to create a central warehouse in Nuremberg. Our R & D center for light equipment in Munich has also merged with our production site in Reichertshofen. "

In view of the economic climate and weak business in North and South America representing 21% of a Group revenue, 2016 is expected to achieve a revenue below expectations (€ 1,375 million).