shares in wacker neuson traded higher on tuesday after the company raised its 2023 outlook following rises in profit and revenue for the second quarter and despite a possible economic slowdown in the remainder of the year the german manufacturer of construction equipment expects revenue to be between 250 billion euros and 270 billion euros 275 billion297 billion compared with a previous forecast of eur230 billion to eur250 billion wacker neuson estimates an earnings before interest and taxes margin between 10 and 11 up from its prior outlook of 95 to 105 the biggest challenge in the second half of the year is the global macroeconomic situation the company said for the second quarter the company posted an aftertax profit of eur636 million compared with eur375 million in the yearearlier period revenue grew 27 to eur6987 million on the back of strong demand particularly in europe and north america ebit amounted to eur889 million up from eur484 million adjustment of selling prices to offset increases in the cost of materials led to higher profitability it said production delays and supplychain issues continued causing high stocks and increased inventories of work in progress although the situation had eased compared with last year the company said