18.11.2025

Third qtr boost for Wacker Neuson

German telehandler manufacturer Wacker Neuson has reported lower revenues and profit, but with a third quarter pickup.

Total revenues for the nine months to the end of September fell 5.6 percent to €1.63 billion, with declines in all three regions in which the company operates.
Europe - €1.27 billion -4.1%
Americas - €322.4 million -9.6%
Asia Pacific - €33.5 million -21%
Total €1.63 billion -5.6%

Sales of Compact Equipment - which includes telehandlers - fell nine percent to €903.9 million, while Light Equipment sales were just one percent lower at €352.1 million. Services revenue improved just over one percent to €381.4 million.

The company said: “Revenue in the first nine months was burdened by the weak first quarter of the year. A few markets in Southern, Northern and Eastern Europe showed positive development, which, however, was insufficient to compensate for the adverse trend. In the Americas, demand was characterised by more cautious ordering behaviour than in Europe, not only due to continued macroeconomic/geopolitical uncertainty, but especially due to US tariffs. Asia-Pacific was predominantly shaped by declines in demand in Australia and China.”
Profit Pre-tax profit declined 14 percent to €78.5 million while Net Debt was reduced by another 34 percent to €258 million.

Third Quarter
Total revenues in the third quarter improved 6.3 percent to €550.3 million, thanks to a solid pickup in Europe.
Europe - €434.1 million +9.1%
Americas - €104.6 million -2%
Asia Pacific - €11.6 million -14%
Total €550.3 million +6.3%

Compact Equipment sales were almost 14 percent higher at €314.2 million, while Light Equipment revenues were flat at €113.2 million. Services declined 3.3 percent to €127.2 million.

Profit Pre-tax profit for the quarter more than doubled to €37.7 million

Full year forecast
The company is forecasting full revenues of between €2.15 and €2.25 billion, so roughly the same as last year.

Chief executive Karl Tragl said: “The persistent macroeconomic and geopolitical uncertainty pauses and delays market recovery. The US tariffs will be affecting the fourth quarter of 2025 as well. Because of this, we decided to narrow our guidance for the financial year 2025. Nevertheless, we increased our profitability over the last quarters. We are continuously working on cost reductions and look ahead to growth in 2026.“

Vertikal Comment

While the overall performance is a little lacklustre, it is encouraging to see the strong pick up in European sales in the third quarter. On top of that, the Americas – mostly the USA – appears to have stabilised a little, although the company has said that it will impact the fourth quarter.

Wacker Neuson still has enormous unexploited potential, given the quality and reliability of its compact equipment. It just needs to do a better job at spreading the word.