Wirtgen is bullish for 2015
The Wirtgen Group is bullish for 2015, following its strong performance in 2014
The Wirtgen Group is bullish at present and reports a strong financial performance for 2014. Turnover reached a healthy €2.01 billion, beating the previous estimate of €1.95 billion announced late last year. Privately owned, the firm does not reveal its full financial results. But the company has benefited from a strong global market for road machinery, as well as its acquisition of a majority stake in the German asphalt plant manufacturer Benninghoven. The Wirtgen results could have been stronger still had it not been for the economic problems being seen in Russia, where the company has a significant market share.
The Benninghoven deal meanwhile will add long term future growth to Wirtgen. Situated close to Wirtgen’s existing headquarters, Benninghoven forms a strategic addition to the business and product portfolios. The deal will provide Benninghoven with access to additional markets worldwide through the Wirtgen global sales and distribution set-up.