Full dealer stocks and declining order intake from 2024 continued to have an impact on revenue and earnings at the beginning of the year. The firm says that since the turn of the year, there have been signs of a gradual upturn in order intake, pointing to a stabilisation of demand in the key markets. An additional positive stimulus came from the recent bauma exhibition in Munich which took place at the beginning of April 2025. The trade fair sent out important signals for an upturn in the construction industry with innovative solutions and high visitor numbers. From the Wacker Neuson Group’s perspective, the course has been set for a sustainable turnaround in the further course of the year.
Group revenue decreased in Q1/2025 by 16.8% and amounted to €493.5 million compared to the previous year. The EBIT earnings for the first quarter of 2025 were at €12.1 million compared with €36.9 million for the first quarter of 2024. The EBIT margin amounted to 2.5% compared with 2.7% for 2024. During this year Wacker Neuson expects revenue and profitability to improve gradually.
“Following an expectedly subdued start to 2025, we are now looking ahead to the rest of the year. The first three months of this year were still affected by the weak order book of the second half of the previous year. However, with a noticeable upturn in order intake since the beginning of the year and the positive momentum provided by bauma 2025, we believe we are well positioned for the upcoming quarters – even in a continuing challenging macroeconomic environment. We anticipate that revenue and profitability will significantly improve in the further course of the year. We remain firmly focused on our annual and long-term goals and reaffirm them,” explained Dr Karl Tragl, CEO of the Wacker Neuson Group.
The Executive Board confirms the guidance for the fiscal year 2025. Stabilisation of demand in the key markets for the Group is expected in 2025 after a still weak first quarter. Stable revenue development is expected in a range between €2.1 billion and €2.3 billion with an EBIT margin between 6.5 and 7.5%. In addition to this, investments amounting to €100 million and a net working capital ratio at the year-end amounting to approximately 30% of the full-year revenue are expected. Possible economic stimuli for Germany from the new German Special Fund for Infrastructure and Climate Protection adopted in March 2025 are not reflected in the guidance.
