The market remains weak, which is why we are taking countermeasures with a comprehensive package of measures, said Wacker Neuson boss Karl Tragl on Thursday. According to the company, the “Fit for 2025” program will strengthen sales and reduce costs.
At the same time, the company with a large factory in Hörsching lowered its expectations for the current financial year. At 2.2 to 2.3 billion euros, sales are expected to be 100 million euros lower than previously assumed, and the profit margin is expected to be half a percentage point lower at 5.5 to 6.5 percent. The reason given was that no trend reversal in the market is expected in the remaining weeks of the financial year.
In the past quarter, revenue fell by a fifth to 517.6 million euros, operating profit fell by almost two thirds to 24.7 million euros, and the profit margin fell five percentage points to 4.8 percent. Demand is lower in all regions, it said.
Source: Nachrichten
