Construction equipment manufacturer Wacker Neuson saw a significant increase in revenue and earnings in the first quarter, driven by a pickup in demand. Revenues grew by 19.8 percent to 591 million euros, the Munich-based company announced on Thursday. Operating profit soared to 42 million euros, up from 12 million euros in the prior-year quarter. The recovery was fueled by European infrastructure and modernization programs, as well as robust demand in North America, despite US tariffs.
'The tangible recovery in our core European market and the increased demand for our compact equipment have enabled the Wacker Neuson Group to make a solid start to 2026,' explained CEO Karl Tragl. 'Furthermore, we have succeeded in implementing planned efficiency measures and significantly increasing our profitability once again.' He confirmed the group's growth forecast for the full year.
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Karl Tragl is currently Chief Executive Officer at Wacker Neuson SE since 2021. Formerly, Chief Executive Officer at Bosch Rexroth AG from 2010 to 2016, Chief Executive Officer at Diehl Stiftung & Co. KG from 2018 to 2020, Managing Director-Standard Drives at Siemens AG from 1998 to 2000, Group President-Engineered Products & Solutions at Arconic, Inc. from 2016 to 2017, Project Manager & Partner at Siemens Management Consulting from 1991 to 1998, Co-Managing Director at Diehl Beteiligungen GmbH, and Group President-Engineered Products & Solutions at Howmet Aerospace, Inc. Education includes undergraduate studies at Friedrich-Alexander University of Erlangen-Nuremberg and a doctorate from Technische Universität Kaiserslautern.
Wacker Neuson SE is a Germany-based manufacturer of light construction equipment and compact construction machines. The Company operates through three segments: Light Equipment, Compact Equipment and Services. The Light Equipment segment covers internal and external vibrators, converters trowels, rebar technology, rammers, rollers and vibratory plates, electric breakers, pumps and generators. The Compact equipment portfolio includes excavators, wheel loaders, skid steer loaders, telescopic handlers, four-wheel and track dumpers. The Services segment includes rental services and after-sale activities, such as repair and the provision of spare parts. The Company's products are mainly designed for construction and agricultural industries, gardening, landscaping and industrial firms, as well as recycling companies and municipal bodies. The Company operates in the Americas, Europe and the Asia-Pacific region.
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