Wacker Neuson records strong quarter

News Story
- 11 Aug 2016 ( #782 ) - Munich, Germany
2 min read
Wacker Neuson has lowered expectations for the second half
Wacker Neuson has lowered expectations for the second half
Wacker Neuson Group almost equaled its record revenue from the prior-year quarter in the second quarter of 2016.

The international light and compact equipment manufacturer recorded revenue of EUR381.4 million (USD422.8 million) in the second quarter - close to last year's EUR382.1 million (USD423.5million) and 21% up on the first quarter.

"We have every reason to be satisfied with our performance in the second quarter of 2016 in light of the ongoing crises in the agricultural and energy sectors in our home markets of North America and Europe, as well as increasing uncertainty in the UK, South Africa, Poland, Russia and Turkey, coupled with the difficult situation in South America and Australia," says Cem Peksaglam, CEO of Wacker Neuson SE.

"The Group generates a large share of its revenue in Europe. Here, revenue for the second quarter rose 6% compared with the previous year. Revenue in the Americas and Asia Pacific regions fell by 14% and 31%, respectively, compared with the previous year.

Earnings before interest and tax (EBIT) remained almost unchanged from the previous year at EUR33.4 million (USD37 million).

Highlights of the reporting period include a new assembly plant in São Paulo, Brazil in April.The facility manufactures mobile generators for the regional market, currently on a small scale. In June, the group signed agreements for the construction of a new production facility in China. The site is located in the city of Pinghu, around 30 km from Shanghai. Compact excavators will be manufactured for the local market from 2018 onwards.

In its projections for 2016, the group cites recent political and economic events which have created "considerable uncertainty and volatility on global markets".

"These challenging market conditions are having a significant impact on our customers across the globe and require exceptional initiative and flexibility from us," adds Peksaglam. "High volatility and growing uncertainties in the ag and construction business, increased risks in some European markets and the persistent market weaknesses in North America and Australia forced us to lower our expectations for the second half."
Jungheinrich records ‘resilient’ results
Jungheinrich records ‘resilient’ results 16 Aug 2024 - Hamburg, Germany - 1 min read
KION narrows revenue forecast
KION narrows revenue forecast 8 Aug 2024 - Frankfurt, Germany - 1 min read
Kalmar makes stock market debut
Kalmar makes stock market debut 4 Jul 2024 - Helsinki, Finland, Finland - 1 min read
Previously about:
Wacker Neuson buys Enar  News Story - 24 Mar 2022 - Munich, Germany - 1 min read
Jungheinrich automates operations at Wacker Neuson News Story - 29 Jul 2021 - Hamburg, Germany - 2 min read
Wacker Neuson increases revenue, profits News Story - 16 Aug 2018 - Munich, Germany - 2 min read
Do you have materials handling news? Submit your news here

It’s the year 2000. You’re in front of a boxy beige desktop waiting for the screeching ramblings of your dial-up to reach its finale. You go to Yahoo!, MSN, or maybe AOL, and start the mind-numbing process of finding your very specific needle in the digital haystack. And with web pages loading one image at a time, patience isn’t just a virtue – it’s a requirement!

As clumsy as this early iteration seems now, this technology was the great enabler that allowed Forkliftaction to connect to the industry across the globe.  

To everyone who has connected with Forkliftaction in the past 25 years, thank you for your contribution to our success! We feel deeply touched by your words of encouragement.

What has Forkliftaction meant to you? Drop us a line.

Words of support …

Thanks to advertising with Forkliftaction, we have received inquiries and more and more people are aware of Ningbo Ruyi Joint Stock Co.,Ltd, which fits with our company's goal to go global and let the world know more about the benefits of our Xilin brand.

Michille Shi, Vice General Manager Sales

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

Since July 2000, Forkliftaction News has been your guide to the developments that are shaping your industry.

Starting today we are also looking back on some of the key news stories from our extensive news archive.

In the news email and on the website, you'll see links to stories that were 'leading our news' multiple years ago, with topics spanning world-first products, big acquisitions, and major industry shifts.
We hope you enjoy this unique insight into the materials handling industry!

PREMIUM business

Hyster
Hyster is a world-leading provider of forklift trucks and services in the materials handling industry.

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

It’s the year 2000. You’re in front of a boxy beige desktop waiting for the screeching ramblings of your dial-up to reach its finale. You go to Yahoo!, MSN, or maybe AOL, and start the mind-numbing process of finding your very specific needle in the digital haystack. And with web pages loading one image at a time, patience isn’t just a virtue – it’s a requirement!

As clumsy as this early iteration seems now, this technology was the great enabler that allowed Forkliftaction to connect to the industry across the globe.  

To everyone who has connected with Forkliftaction in the past 25 years, thank you for your contribution to our success! We feel deeply touched by your words of encouragement.

What has Forkliftaction meant to you? Drop us a line.