For Q1 2017, Munich-based international light and compact equipment manufacturer Wacker Neuson reported a record rise in revenue for the first quarter of the year. Adjusted profit before interest and tax (EBIT) increased significantly. At the close of Q1, order intake and backlog showed a clear rise over the figures posted for the prior-year period. The company has confirmed its forecast for fiscal 2017 as a whole. “The year has got off to a very promising start for our Group. The investment mood among many national and international customers in most of our target industries was very positive. This pushed our revenue to a new record high for a first quarter,” explains Cem Peksaglam, CEO of Wacker Neuson SE. Revenue for the first quarter of 2017 rose to EUR 338.5 million and was thus 7 percent higher than the previous year (previous year: EUR 316.4 million). Adjusted to discount currency effects, this corresponds to an increase of 6 percent.
