The Wacker Neuson Group announced preliminary financial results for 2025, reporting group revenue of approximately EUR 2,219 million, which aligns with its guidance range. The company's earnings before interest and taxes margin reached 6.0%, though this was below the projected range due to one-off effects in the fourth quarter. Excluding these effects, the EBIT margin would have been 6.5%, at the lower end of guidance. The year saw progress after a weak start, with improved revenue and profitability as operational performance strengthened.
Key strategic milestones were achieved, including the production launch of the first excavator models within the OEM cooperation with John Deere at the Austrian plant in Linz. This partnership aims to bolster the Group's operational resilience and competitive position in the North American market. The company also showcased innovations at major trade fairs like Bauma in April 2025 and Agritechica in November 2025, highlighting zero-emission solutions and digital services. Additionally, the Group adapted to increased US tariffs on European machinery and components since summer 2025 by making short-term adjustments in procurement, production, and logistics to limit impacts.
Dr. Karl Tragl, CEO of the Wacker Neuson Group, commented on the year's developments, noting improvements in revenue and profitability despite a subdued market environment early in 2025. He emphasized the successful production launch for the John Deere cooperation and adaptation to external factors like tariffs. Looking ahead, Tragl stated that 2026 is expected to see a slight market upturn, with plans for moderate revenue increase and higher EBIT margin compared to 2025. The company will focus on long-term profitable growth following the end of public takeover discussions with Doosan Bobcat Inc.
Financially, the Group reduced net working capital faster than guided, with a preliminary figure of EUR 647 million and a net working capital ratio of 29.2%, below the targeted maximum of 30%. This reduction positively impacted free cash flow, which increased to EUR 202 million. Investments were EUR 67 million, under the guided value of approximately EUR 80 million, due to slower-than-expected market recovery and adjusted investment management. For 2026, the Wacker Neuson Group anticipates a slight market upturn despite geopolitical tensions and economic uncertainties, expecting further operational improvement driven by infrastructure and modernization programs in Europe and solid demand in North America. The company will continue pursuing its Strategy 2030 targets for profitable growth, operational excellence, and long-term value creation. Final 2025 figures and 2026 guidance will be published on March 26, 2026. More details can be found on the company's website at https://www.wackerneusongroup.com.
