Wacker Neuson SE: 2014 a record year for the Wacker Neuson Group
Wacker Neuson SE / Key word(s): Final Results/Forecast
2014 a record year for the Wacker Neuson Group
(Munich, March 16, 2015) International light and compact equipment manufacturer Wacker Neuson Group achieved record results for 2014 across most key performance indicators. The Group met its increased profit and the revenue forecast. The Wacker Neuson Group plans to continue the successful expansion strategy in 2015.
Business in Central Europe and North America was comparatively robust. However, South America developed weaker than expected. "The fact that our business in Europe grew by 12 percent despite regional weaknesses shows that our strategy is delivering," explains Cem Peksaglam, CEO of Wacker Neuson SE. "In North America, a vigorous economy and the expansion of our dealer network helped drive growth in the region." Revenue for the Americas grew by 9 percent (11 percent when adjusted by currency effects), while revenue in the Asia-Pacific region increased by 8 percent (also 11 percent when adjusted by currency effects). All regions thus achieved double-digit growth relative to the previous year in local currencies.
Breaking business down by segment, compact equipment was again the growth driver (share of total Group revenue: 47 percent), reporting a 17-percent increase on the previous year. "Broadening the reach of our compact equipment within Europe and beyond is paying dividends. We are gaining many new users in the agricultural and construction sectors. Companies in the gardening and landscaping sectors as well as municipal bodies and other industries are also investing in compact, powerful machines which increase the efficiency of their operations," explains Peksaglam. The light equipment segment (revenue share: 32 percent) reported 4-percent growth relative to the previous year (6 percent when adjusted by currency effects). Revenue in the services segment - which includes service and spare parts - increased by 10 percent (revenue share: 21 percent).
Appropriation of net profit
Implementing growth strategies - further internationalization
Positive outlook for 2015
Table: Revenue and earnings
Your contact partner:
The Wacker Neuson Group is an international family of companies and a leading manufacturer of light and compact equipment with over 40 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 4,400 people worldwide.
2015-03-16 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
|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|