Wacker Neuson reports 18% surge in compact equipment sales

Wacker Neuson’s new WL950p wheeled loader. Image: Wacker Neuson

Sales of compact equipment, including telehandlers, wheeled loaders, excavators and dumpers, rose 18.3% to €1.07 billion (US$1.19 billion).

Revenue in Europe, the Middle East and Africa increased 13.3% to €1.44 billion (US$1.60 billion), with particularly strong demand in France and the UK, although conditions remained subdued in Germany, Austria and Switzerland.

Sales in the Americas grew 16.8% to €376.5 million (US$417.2 million), driven largely by the US market, where demand for worksite and compaction equipment also increased.

However, revenue in Asia-Pacific fell 5.7% to €31.6 million (US$35 million).

For the third quarter, group revenue increased 7.2% to €589.7 million (US$653.5 million), while its operating profit margin improved slightly to 7.7%, compared with 7.5% a year earlier.

Wacker Neuson said order intake strengthened in September following a seasonally weaker summer, although market conditions remained challenging.

The company has narrowed its full-year operating profit margin forecast to 7–7.5%, from the previous range of 7–8%, citing market uncertainty and one-off effects during the third quarter.

Its full-year revenue forecast remains unchanged at €2.3 billion to €2.4 billion (US$2.55 billion to US$2.66 billion).