German telehandler manufacturer Wacker Neuson has reported its full year results for 2025 and published its annual report.
Total revenues for the 12 months to the end of December declined 0.7 percent to €2.22 billion, with an improving European market offsetting declines in the America’s and the rest of the world, mostly Asia Pacific.
Europe - €1.75 billion +1.4%
Americas - €421.6 million -6.5%
Asia Pacific - €44.1 million -16%
Total €2.22 billion -0.7%
Revenue by product sector
Sales of Compact Equipment - which includes telehandlers - fell 2.4 percent to €1.25 billion, while Light Equipment sales were 1.7 percent higher at €460.2 million. Services revenue improved 1.5 percent to €520.7 million.
Pre-tax profit improved 7.5 percent to €109.8 million, thanks to lower costs for sales, services and new product development and higher financial revenue, partly offset by higher administration costs. Net Debt was reduced by another 40 percent to €185.4 million.
Fourth Quarter Total revenues in the fourth quarter jumped 12.5 percent to €593.6 million, thanks to a solid pickup in Europe.
Europe - €482 million
Americas - €99.5 million
Asia Pacific - €11 million -
Profit Pre-tax profit for the quarter more than tripled to €31.3 million
The company said: Following a slow start to the year due to market conditions, the group made operational progress throughout 2025: revenue and profitability developed increasingly positively. Despite a challenging environment, which was, among other things, shaped by the US tariffs, the group achieved strategic milestones as well as operational progress in the past fiscal year. Especially the start of production of the first excavator models for the OEM cooperation with John Deere, which will strengthen our presence in the North American market in the long term.”
Chief executive Karl Tragl added: 2025 was characterised by a challenging economic environment, especially in the first quarter. Nevertheless, we managed to increase our profitability in the course of the year and to consistently improve our operational performance. We took early and targeted steps to adapt to the external factors such as US tariffs. Despite ongoing geopolitical uncertainties, we expect a slight upturn in the market and a moderate increase in revenue with a higher margin compared to 2025. Furthermore, our focus in 2026 is on our growth levers and refinement, as well as implementation of our Strategy 2030.“
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