Wacker Neuson Group, parent company of Wacker Neuson, reported a 14-percent increase in revenue for the first half of 2015 compared to 2014. Revenue was EUR 706.4 million.
“Our business grew significantly despite negative market developments in many countries, especially outside of the U.S. and Europe,” sadi Cem Peksaglam, CEO.
In Europe, revenue rose 11 percent compared with the previous year. The region accounts for the lion’s share of revenue at 72 percent. The largest nominal increase came from the Americas region, which reported a 22-percent rise in revenue. The Asia-Pacific region reported revenue 21 percent higher than the prior year.
Revenue for the compact-equipment segment increased by 25 percent relative to the previous year; revenue from the light equipment segment rose only 5 percent. This was mainly attributable to difficult market dynamics in countries such as Canada, Brazil, Chile, China, Australia and Russia.
Source: Wacker Neuson Group