Wacker Neuson: Record revenue in Q1/18
09.05.2018
The headquarters of Wacker Neuson in Munich, Germany (Figure: Wacker Neuson)
The Wacker Neuson Group started the year strong with revenue for the first quarter of 2018 increasing by more than 9% to 371 million euros (Q1/17: 339 million euros).
All regions and business segments reported a rise in revenue. This growth was primarily driven by continued rising demand in European and North American construction markets as well as strong performance from the Weidemann and Kramer brands in the agricultural sector. When adjusted for currency effects, revenue increased at an even faster pace of 14% relative to the previous year. Negative currency developments, in particular the US dollar’s weak performance against the euro, resulted in translation effects, which impacted revenue in the amount of -16 million euros. The current strained situation among some suppliers is proving a challenge for manufacturers of construction and agricultural equipment, with bottlenecks among suppliers delaying deliveries to customers.
The Executive Board and the Supervisory Board will propose a dividend of EUR 0.60 per share at the Annual General Meeting on May 30, 2018. This is an increase of 10 cents compared with the previous year.
CONTACT
Wacker Neuson SE
Preußenstraße 41
80809 Munich/Germany
+49 89 35402-0
