Wacker Neuson (WAC) AGM 2026 presentation summary

Financial performance and key figures

• Revenue for 2025 reached approximately €2,219 million, with an EBIT margin of 6.0% and free cash flow of about €202 million.

• Q1 2026 revenue increased by 19.8% year-over-year to €591.4 million, with EBIT margin rising to 7.0%.

• Regional revenue distribution in 2025: Europe 79%, Americas 19%, Asia-Pacific 2%.

• Compact machines accounted for 56% of total revenue, construction equipment 21%, and services 23% in 2025.

• EBIT margin guidance for 2026 is between 6.5% and 7.5%, with revenue forecasted between €2.2 and €2.4 billion.

Strategic initiatives and innovations

• Launched a new excavator line in the USA and strengthened market presence.

• Introduced a broad zero-emission product portfolio, including the BATTERYONE battery standard for construction equipment.

• Developed a 360° zero-emission ecosystem, covering charging, servicing, financing, and lifecycle management.

• Multiple new product launches and innovations showcased at major industry events in 2025 and 2026.

• Strategic talks with Doosan Bobcat ended in January 2026.

Market trends and outlook

• Positive business climate in construction, with order intake growing year-over-year, especially in Europe.

• Agricultural machinery sector remains volatile, with declining expectations for future orders.

• 2026 outlook anticipates continued high order intake and backlog, with EU construction sector recovery driven by infrastructure and housing investments.

• Uncertainties persist due to US trade policy and geopolitical tensions.

• 2030 strategy targets €3.5 billion in revenue and EBIT margin above 11%.