Munich based Wacker Neuson reports continued business growth in the first quarter of 2015
Revenue in Europe was positive and rose 7% compared with the previous year. This region accounts for 71% of the firm’s business operations. But the company saw its strongest revenue growth in the Americas, which posted a rise of 24%. Currency effects played a major role in this region, with revenue growing 5% when adjusted to discount currency fluctuations.
Currency developments also impacted the Asia-Pacific region, where first quarter revenue was 20% higher than in the prior-year period (6% when adjusted for currency effects).
The company says it is optimistic over the market conditions for the coming months and believes that construction activity will pick up during this period. “The growth strategies that we have initiated are increasingly taking effect. Despite overall economic uncertainties in individual markets and regions, these measures will continue to secure our success for the rest of the year,” said Peksaglam. “We stand by our forecast of an overall revenue for the year of between €1.40 and €1.45 billion. This would correspond to growth of between 9 and 13% relative to the previous year.”
