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Germany's Wacker Neuson targets margin of over 9 percent - CFO in paper

Published 11/10/2014, 16:41
Updated 11/10/2014, 16:50
Germany's Wacker Neuson targets margin of over 9 percent - CFO in paper
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BERLIN (Reuters) - German construction machine maker Wacker Neuson (DE:WACGn) plans to grow sales to 2 billion euros (1.24 billion pounds) in the medium-term and maintain an operating profit margin of over 9 percent in the coming years, the company's finance chief told a German paper.

"For us as a company that is active globally, it's an important milestone that we want to reach," Guenther Binder was quoted as saying of the target in an interview with Boersen-Zeitung.

Binder confirmed a target for the company to increase sales by at least 8 percent to between 1.25 billion and 1.3 billion euros this year with the margin to rise to up to 9 percent from 8.2 percent.

(Reporting by Victoria Bryan; Editing by Sonya Hepinstall)

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