Wacker Neuson upbeat as turnover hits new record
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.
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 Caterpillar (for mini excavators) and Claas (telehandlers) are running smoothly.
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.