A Kramer heavy-duty telehandler

European equipment manufacturer the Wacker Neuson Group has again reported record revenue and earnings for the first half of 2015 despite challenging regional market conditions.

The group's brands include Weidemann wheel loaders and telehandlers and Kramer offroad wheel loaders and telehandlers.

Revenue for the first half of 2015 increased 14% from last year to reach EUR706.4 million (USD810 million).

"Our business grew significantly despite negative market developments in many countries, especially outside of the US and Europe. This is due to our strong market position and our continued commitment to implementing our strategy," explains CEO Cem Peksaglam.

In Europe, revenue rose 11% compared with the previous year. The region accounts for the lion's share of revenue (72%).

The largest increase came from the Americas region, which reported a 22% rise in revenue, although some of the gain is due to currency movements. Currency effects also impacted in the Asia Pacific region, where revenue for the first half of 2015 was 21% higher than the prior year.

The group remains optimistic about the current year. "Our order books are full and we expect the promising conditions in established markets to have a positive impact on our business," according to Peksaglam.