Wacker Neuson Group Reports Nine-Month Revenue Decline, Targets 2025 Profitability

Wacker Neuson Group has released its financial figures for the first nine months of 2024, revealing a 14.5% decrease in group revenue to EUR 1,722.4 million compared to the previous year. The EBIT margin suffered a drop to 6.3%, down from 11.9% in 2023. However, free cash flow improved significantly to EUR 91.5 million due to a reduction in net working capital.

The company attributed the revenue decline to weak demand across all regions and high dealer inventory levels. The Europe region saw a 12.1% revenue fall, while the Americas and Asia-Pacific regions experienced declines of 20.3% and 30.1%, respectively. The Executive Board adjusted its full year 2024 guidance, expecting lower revenue between EUR 2,200–2,300 million.

To address these challenges, Wacker Neuson has initiated "Fit for 2025," a series of sales and cost-reduction measures. Despite these steps, market conditions remain challenging, prompting the company to anticipate further volatility in its financial performance.