Wacker Neuson Sales Up 11.5%

Revenue grew 11.5 percent in the second quarter for Wacker Neuson to about $5.6 billion compared to the same period in 2021.

“Customer demand for our innovative and reliable products remains consistently strong,” said Karl Tragl, chair/CEO of the Wacker Neuson Group, in a prepared statement. “Order intake was already at a very high level in the first quarter and this positive momentum accelerated even further in the second quarter. We thus have an order backlog extending well beyond the current fiscal year.

“However,” he said, “there are still no signs of improvement in the supply situation, and material, energy and shipping costs remain high—all of which has a negative impact on our profitability. On the other hand, we do expect our price increases to have a positive impact on gross margin from the third quarter onwards.”

The Americas recorded positive demand across all sales channels, accentuated by a weak euro relative to the U.S. dollar.

Source: Wacker Neuson Group