Wacker Neuson has broken through the €1 billion mark for the first time, recording a turnover of €1.1bn in 2012. The company saw sales grow by 10% in the year with the biggest increase (20%) coming from the Americas. And despite the economic downturn, sales in Europe were up by 7% as they were in the Asia-Pacific region, which was adversely affected by the Chinese market.
The company saw sales grow by 10% in the year with the biggest increase (20%) coming from the Americas. And despite the economic downturn, sales in Europe were up by 7% as they were in the Asia-Pacific region, which was adversely affected by the Chinese market.
Speaking at bauma, chief executive officer Cem Peksaglam said the company had invested €303m over the past three years and 2012 had seen a significant increase in production capacity with the opening of a new facility in Austria.
The year also saw the introduction of a range of M series machines for the Asian markets and he reported that the alliances with
He predicted continuing growth with turnover rising to €1.2bn in 2013 and a margin (EBITDA) of 13%. Looking further ahead, Peksaglam expects double-digit growth in 2014 and said investments will total around €80m both this year and next.
Stand:F9 909
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