Wacker Neuson SE / Key word(s): Change in Forecast/Development of Sales
07.11.2011 13:34
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Wacker Neuson ups forecast again
(Munich, November 7, 2011) The Wacker Neuson Group has raised its revenue
and EBITDA forecast for 2011 on the back of positive momentum which
continued into Q3.
Wacker Neuson boosts earnings
Demand for light and compact equipment from the Wacker Neuson Group
remained strong during the third quarter of 2011. Revenue for the first
nine months of the year increased to EUR 727.6 million, a rise of almost 32
percent relative to the previous year (9M 2010: EUR 551.7 million). This
rise in revenue had a lasting, positive impact on earnings thanks to the
company's success in optimizing cost structures and efficiency levels
across the Group during the recent crisis. At EUR 121.2 million, profit
before interest, tax, depreciation and amortization (EBITDA) has more than
doubled (9M 2010: EUR 55.7 million). This corresponds to an EBITDA margin
of 16.7 percent (9M 2010: 10.1 percent).
Wacker Neuson remains optimistic about Q4
Until today, the economic slowdown does not appear to be having any impact
on Wacker Neuson. Incoming orders reported by the Group for compact
equipment remain high, fuelling the company's optimism about Q4. In light
of these developments, the Group has again revised its forecast for 2011
upwards. The Executive Board now expects revenue to come to around 945
million (last forecast: EUR 930 million), accompanied by an EBITDA margin
of around 15 percent (previous forecast: 13 to 14 percent). These figures
reflect the fact that Q4 revenue and earnings are typically lower than Q3
figures due to seasonal variations. Group revenue for fiscal 2010 was
reported at EUR 758 million. The EBITDA margin was 10.3 percent.
The company will be publishing its nine-month report on November 11, 2011.
Additional information on Wacker Neuson SE shares:
ISIN: DE000WACK012
WKN: WACK01
Admission: Regulated market / Prime Standard; Frankfurt Stock Exchange
Company headquarters: Germany
Your contact partner:
Wacker Neuson SE
Katrin Neuffer
Preussenstr. 41
80809 Munich, Germany
Tel. + 49 - (0)89 - 354 02 - 173
E-Mail: ir@wackerneuson.com
Internet: www.wackerneuson.com
07.11.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Wacker Neuson SE
PreuÃenstr. 41
80809 München
Germany
Phone: +49 - (0)89 - 354 02 - 0
Fax: +49 - (0)89 - 354 02 - 390
E-mail: info@wackerneuson.com
Internet: www.wackerneuson.com
ISIN: DE000WACK012
WKN: WACK01
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart
End of Announcement DGAP News-Service
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DGAP-Adhoc: Wacker Neuson SE: Wacker Neuson ups forecast again
| Source: EQS Group AG