Wacker Neuson said its first-quarter revenues rose 5.6 per cent from the same period in 2020 to about $529m. Ebit rose 50 per cent to about $53m, while Ebit increased from 7 per cent to 10 per cent. "The first quarter of this year has been a very successful start for us, " said Kurt Helletzgruber, chief executive/chief financial officer of Wycknordson, in a prepared statement. "We are back on the growth track and profitability is up a lot. Our excellent performance over the past three months has laid a good foundation for us to achieve our goals for this year. At the same time, the demand for our products is growing,"said 2021, revenue in the Americas was about $83m, up 11.2 per cent year-on-year, although the company said it was down 4.3 per cent after factoring in exchange rates. Orders rose in the first quarter, and continued into the beginning of the second quarter, as many customers bought machines ahead of schedule for fear that the supply chain would affect equipment deliveries, Wyknorson said. "supply chains are our biggest area of concern right now, " Helletzgruber said. "there is a lot of demand, but bottlenecks are recurring because of hot-button issues such as pandemic-related restrictions and the blockage of the Suez Canal. We have to be very flexible in terms of production to make sure that we don't miss any opportunities to make equipment,"he said, taking into account the current economic environment and the opportunities and risks facing the wycknorthen group, the Executive Board expects its guidelines for fiscal year 2021 to remain unchanged.
