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Munich (dpa) - The construction machinery manufacturer Wacker Neuson earned more on balance thanks to good business and savings at the start of the year.

The surplus rose to 29.1 million euros in the first quarter and has almost tripled compared to the same period in the previous year, as the company listed in the SDax index announced on Monday in Munich.

"We are back in growth mode - and that with significantly increased profitability," said the current CEO and CFO Kurt Helletzgruber.

As already known, sales in the first quarter rose by around 6 percent to 434 million euros after a positive development in important markets.

Earnings before interest and taxes (EBIT) increased by a good half to 43.6 million euros, also due to lower costs.

Wacker Neuson confirmed its forecast for the current year.

The group of companies with around 5500 employees expects a further increase in sales to 1.7 to 1.8 billion euros in 2021.

© dpa-infocom, dpa: 210510-99-535469 / 2

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