Wacker Neuson growth offset by supply issues

Buoyed by rental and construction demand in the Asia Pacific, Europe and the Americas, German compact equipment manufacturer Wacker Neuson Group has reported revenues of €928.3 million for the first six months of 2021, up 16.5% on €796.7 million last year.

Overall earnings for the half were up dramatically, with EBIT of €100.1 million, up 98.6% or almost double compared to €50.4 million for the previous corrsponding half.

However supply chain delays, driven by the surge in demand from stimulus measures to counter the Covid-19 crisis, are the group’s “biggest challenge for the foreseeable future.”