Wacker Neuson’s revenue rose 15.2 percent during the first half of 2019, reaching $1.1 billion. According to a press release, revenue in the Americas reached $253.6 million, fueled by the group’s expansion of the North American independent dealer network.
Revenue for Europe rose to $764.9 million, driven by strong demand from the European construction industry. Revenue generated by Weidemann- and Kramer-branded wheel loaders and telehandlers was up 31.8 percent to $167.9 million.
Revenue for Asia-Pacific increased to $31.9 million, with the group continuing to increase production at its plant in Pinghu, China.
Wacker Neuson expects the progress that has already been made in the U.S. to have a tangible positive impact on profitability in the second half of 2019. According to a press release, the group expects profitability for the second half of the year to be above the previous year’s level.
Source: Wacker Neuson