Wacker Neuson rental up 11.6% in first half of 2011

Wacker Neuson reported that its rental business in Germany and eastern Europe saw a 11.6% increase in revenues to €28.9 million for the first half of 2011.

The company said the increase was the result of favourable weather conditions in the first quarter, an early start to the construction season, and "healthy order books across the construction industry."

The rental business is part of Wacker Neuson's services segment, which includes after sales support activities. Together, the rental and aftermarket business totalled €98.5 million in sales in the half year period, representing 20.3% of total group sales.

The division also includes the newly opened used equipment centre in Gotha, Germany, which Wacker said was a "perfect addition to the group's services business model."

See also our report on the wider financial results for Wacker Neuson during the quarter.