Wacker Neuson Continues to Build a Profit

In July, Wacker Neuson posted a profitable second quarter and the upward trend in Wacker Neuson’s business continues in a report today – particularly in the core markets of Europe and the Americas. The manufacturing company reported further success at September’s Galabau trade fair, where order intake for compact equipment for the construction and agricultural industries remains strong and Wacker Neuson’s strategies are enabling it to capitalize on emerging market opportunities.

“Our products generated a huge amount of interest at this year’s Galabau,” reports Werner Schwind, Executive Board member for sales at Wacker Neuson. “Order intake was up 70 percent as compared to the last fair in 2008. That’s an exceptionally good result for a Bauma year.”

Already during the first six months of the year, the Wacker Neuson benefited from strong demand for light equipment, in particular, and increasingly also for compact equipment. This development was fueled by the upswing in the economy. Wacker Neuson performance has remained on a positive track since then. Accumulated order intake for compact equipment for the construction and agricultural industries remains strong. Growth is up 90 percent on the previous year. As anticipated, supply bottlenecks have eased in the meantime, enabling Wacker Neuson to further reduce the considerable order backlog for construction equipment reported in June despite the continuing high number of incoming orders. This has enabled us to reduce our backlog to some extent and to also reduce delivery times.

Wacker Neuson is increasing market share by leveraging synergies in its sales and distribution structures. The comapny, which has seen a significant upswing in its light equipment business, particularly in the Americas, for more than a year now, is also offering its compact equipment portfolio to more and more markets outside of Europe via its existing sales and distribution network. Also, demand for compact equipment in South America is currently developing particularly positively.

Wacker Neuson will continue to benefit from the systematic execution of its strategies. The company intends to gain ground in specific sectors and grow faster than the market through these measures, which include the expansion of its leading position in the light equipment market, penetration of compact equipment markets worldwide, particularly in the US, the strategic alliance with Caterpillar for the design and construction of mini excavators and the expansion of its agricultural machinery portfolio.