Wacker Neuson improves profit margins
First publishedon www.WorldHighways.com
Munich,Germany-based light and compact equipment manufacturer Wacker Neuson grew at an "above-average rate" during the second quarter of 2011. Revenue was up 30% to €266.9 million compared to €205.3 million in the same period in 2010.
"We grew significantly faster than the overall market during the second quarter," explains Richard Mayer, spokesperson for the executive board. "This acted as a further lever for our earnings power and revealed efficiency gains across the group"
Preliminary profit before interest, tax, depreciation and amortisation (EBITDA) for the second quarter was up 69.3% on the previous year at €45.7 million (Q2 2010: €27 million), the highest figure since the 2007 merger.