Wacker Neuson lowers forecast

By Joe Malone19 October 2015

Wacker Neuson's Munich headquarters.

Wacker Neuson's Munich headquarters.

Wacker Neuson has lowered its revenue and profit forecast for the current financial year, despite record revenue and earnings for the first half of 2015.

Revenue and profit has developed below expectations as a result of the economic slowdown in emerging markets, the German machine manufacturers said.

The board has therefore lowered its forecast for the year, and it now expects revenue to be between €1.35 billion to €1.4 billion. Its previous estimate was between €1.4 billion to €1.45 billion. It also estimates earnings before interest and taxes to be between 7% and 8%, compared to the previous estimate of 9.5% and 10%.

In August, Wacker Neuson reported a record revenue of €706.4 million for the first half of the year.

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, World Construction Week Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Longer Reads
Interview: Manitou Group committed to carbon reduction
Manitou CEO Michel Denis discusses green targets, as part of major new CSR project 
Palfinger attack highlights escalation in cyber crimes
What lessons does the Palfinger case have for the wider construction equipment industry?
Computer vision AI sees the way forward
Salman Chaudhary, CEO at EmpiricAI, explains why computer vision AI offers a glimpse of the future of health & safety in the construction sector
CONNECT WITH THE TEAM
Andy Brown Editor, International Construction Tel: +44 (0) 1892 786 224 E-mail: andy.brown@khl.com
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: simon.kelly@khl.com
CONNECT WITH SOCIAL MEDIA