Wacker Neuson raises 2026 guidance after strong first-half results

Wacker Neuson SE raised its full-year 2024 profit forecast and lifted its 2026 outlook after reporting a stronger-than-expected first half, driven by resilient demand and improved pricing power.

The Munich-based construction equipment manufacturer said second-quarter revenue rose 12% year-over-year to €520 million, while adjusted EBITDA increased 18% to €85 million. The company attributed the growth to sustained demand in Europe and North America, particularly for compact equipment used in infrastructure and residential projects.

For the full year, Wacker Neuson now expects adjusted EBITDA between €320 million and €340 million, up from its prior guidance of €300 million to €320 million. The company also raised its 2026 adjusted EBITDA target to €380 million to €400 million, citing continued strength in key markets and operational efficiencies.

CEO Peter Hayes highlighted the company’s ability to pass through higher costs to customers while maintaining volume growth. "We are seeing broad-based demand across our core regions, and our pricing strategy has successfully offset inflationary pressures," Hayes said in a statement.

The company’s order backlog remains elevated at €1.1 billion, providing visibility into sustained activity through 2025. Wacker Neuson also reaffirmed its commitment to expanding its rental fleet and digital services, areas it views as long-term growth drivers.

Shares in Wacker Neuson, which listed on the Frankfurt Stock Exchange in 2021, were up 3.2% in early trading on Tuesday, outperforming the broader European industrials sector.