Wacker Neuson SE: Strong start to the year for the Wacker Neuson Group
Wacker Neuson SE / Key word(s): Interim Report/Quarter Results
Strong start to the year for the Wacker Neuson Group
(Munich, May 12, 2015) The Wacker Neuson Group has reported a rise in revenue and profit for the first quarter of 2015. The Munich-based light and compact equipment manufacturer experienced strongest growth in the Americas region. Currency fluctuations had a significant positive impact on growth. The Group has confirmed its forecast for fiscal 2015.
Revenue in Europe rose 7 percent compared with the previous year. This region accounts for 71 percent and thus the lion's share of Group revenue. The Group saw its strongest revenue growth in the Americas, however, which posted a rise of 24 percent. Currency effects played a major role in this region, with revenue growing 5 percent when adjusted to discount currency fluctuations. Currency developments also impacted the Asia-Pacific region, where Q1 revenue was 20 percent higher than in the prior-year period (6 percent when adjusted for currency effects).
Strategy increasingly paying off
The Wacker Neuson Group is committed to strengthening its position as an innovation leader and its products regularly receive awards from independent third parties. "In April, we presented many of our new products and innovations to customers and business partners at Intermat in Paris, this year's largest construction industry trade show. We unveiled our new EW65 mobile excavator and the ET90 track excavator for the first time together with the new zero-emissions DT10e electric track dumper," adds Peksaglam.
Clear rise in profit
Increase in inventories for the start of the construction season
Growth forecast for 2015 confirmed
2015 Annual General Meeting
Table: Revenue and earnings
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The Wacker Neuson Group is an international family of companies and a leading manufacturer of light and compact equipment with over 50 affiliates and 140 sales and service stations. The Group offers its customers a broad and deep portfolio of products, a wide range of services and an efficient, global spare parts service. The product brands Wacker Neuson, Kramer and Weidemann belong to the Wacker Neuson Group. Wacker Neuson is the partner of choice among professional users in construction, gardening, landscaping and agriculture, as well as among municipal bodies and companies in industries such as recycling and energy. In 2014, the Group achieved revenue of EUR 1.28 billion, employing around 4,500 people worldwide.
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|Company:||Wacker Neuson SE|
|Phone:||+49 - (0)89 - 354 02 - 0|
|Fax:||+49 - (0)89 - 354 02 - 390|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart|
|End of News||DGAP News-Service|