Wacker Neuson ‘optimistic’ in 2021
By Leila Steed26 March 2021
The firm’s Executive Board said it is currently anticipating its 2021 revenue to be between €1.7 ($2.0) and €1.8 billion ($2.1 billion), with an EBIT (earnings before interest and tax) margin between 8.0 and 9.5% – up from 4.7% last year.
This is due in part to a “significantly higher order backlog” than last year across its light equipment, compact equipment and services segments.
Kurt Helletzgruber, CEO and CFO of the Wacker Neuson Group, said: “COVID-19 presented all of us with sizeable challenges over the past year, and the pandemic is far from over. Nevertheless, all signs are pointing towards renewed growth in 2021 and we are very confident about the coming weeks and months. Our customers are busy and our order books are well filled.”...Sign in to continue reading.