06.02.2012

Record revenues for Wacker Neuson

Wacker Neuson has issued preliminary numbers for 2011, which show that the company achieved revenues of €991.6 the highest in the company’s history and 31 percent up on 2010.

The company said that revenues were well balanced, with the light and compact equipment segments similar in size and the services segment continuing to grow. All segments reported double-digit growth.

Chief executive Cem Peksaglam said: “In the last two years alone, our company has seen revenue rise by around 66 percent. In 2011, growth was particularly strong in the US, Scandinavia and Central Europe. Our compact segment for the construction and for the agricultural industry revealed a particularly strong increase on the previous year. In the fourth quarter of 2011, predominantly favourable weather conditions in Europe and the US also had a positive effect on group figures. At €264 million, fourth revenue was up 28 percent on the same period last year.”

The company also reported an exceptionally strong start for 2012, particularly in its core markets.

“The company will continue to utilize market opportunities in Europe, North and South America and is assessing the viability of launching compact equipment products in Asia. As planned, Wacker Neuson has also started to expand the medium-price range of its light equipment offering in Asia. 2012 is going to be a year that will see us build on our international growth strategy. We will therefore focus our investments this year on expanding our international sales and distribution network. By the middle of the year, we will have started production at our new compact equipment production facility in the Austrian town of Hörsching, near Linz – one of the largest, most modern factories of its kind. This will enable us to triple today’s production capacity for excavators, dumpers, and skid steer loaders,” added Peksaglam.

“Despite the debt crisis in Europe, we have our sights firmly set on further growth in 2012,” he concludes.”

The company's full results will be published in late March