DGAP-News: Wacker Neuson SE / Key word(s): Final Results/Preliminary
Results
Wacker Neuson SE: Wacker Neuson on the path to success despite weak
market
03.03.2014 / 10:01
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Wacker Neuson on the path to success despite weak market
Preliminary figures for 2013 - Annual Report to be published on March 31,
2014
(Munich, March 3, 2014) Preliminary figures show that the Wacker Neuson
Group increased 2013 revenue and earnings relative to the previous year and
achieved its goals for 2013. The Group remains optimistic about 2014.
Based on preliminary figures, Group revenue rose by 6 percent in fiscal
2013 to EUR 1,160 million (2012: 1,092 million). This figure was dampened
by exchange rate fluctuations, however. Adjusted to discount these effects,
revenue rose 8 percent. Wacker Neuson expanded its market share at national
and international level, even managing to grow in certain markets that
showed signs of contracting. All three business fields ( light equipment,
compact equipment and services ( reported a rise in revenue relative to the
previous year. Revenue also increased in Europe and the Americas. The
Asia-Pacific region, however, performed slightly below the previous year's
level due to a market downturn in Australia and New Zealand and exchange
rate fluctuations.
With preliminary profit before interest, tax, depreciation and amortization
(EBITDA) of around EUR 153 million and an EBITDA margin of 13.2 percent,
the Group was able to further increase profitability in 2013 despite the
highly competitive market backdrop (EBITDA 2012: EUR 142 million; EBITDA
margin: 13.0 percent). Revenue and profit thus align with the Group's
forecast from March 2013 (revenue of around EUR 1.2 billion; EBITDA margin
in excess of 13.0 percent).
Profit before interest and tax (EBIT) increased by 12 percent to EUR 95
million (EBIT 2012: EUR 85 million) and thus twice as much as revenues. The
EBIT margin thus rose to 8.2 percent (2012: 7.8 percent).
At EUR 297 million, preliminary Group revenue for the fourth quarter of
2013 increased by 6.5 percent relative to the previous year's quarter and
by 7.5 percent relative to the third quarter of 2013 (Q4 2012: EUR 279
million; Q3 2013: EUR 276 million). The Q4 2013 EBITDA margin is estimated
at 14.3 percent, up from 11.2 percent the previous year.
The first weeks of fiscal 2014 developed positively and the Executive Board
expects further growth in fiscal 2014.
Due to short-term unavoidable time constraints, it was necessary to
postpone the original press conference presenting the financial results,
which was planned for March 17, to a new date. The full Annual Report with
the final figures for fiscal 2013 plus the Group's forecast for 2014 will
now be published on March 31, 2014 during a press conference in Munich
presenting the Group's financial results.
Table: (Preliminary) revenue and earnings
Key figures_Q4/13_Q4/12_Change_FY/13_FY/12_Change
in EUR million
Revenue_297_279_+6.5%_1,160_1,092_+6%
EBITDA_42_31_+35%_153_142_+8%
EBITDA margin as a %_14.3%_11.2%_+3.1 PP_13.2%_13.0%_+0.2 PP
EBIT_28_16_+79%_95_85_+12%
EBIT margin as a %_9.4%_5.6%_+3.8 PP_8.2%_7.8%_+0.4 PP
Your contact partner:
Wacker Neuson SE
Katrin Yvonne Neuffer
Head of Corporate Communication /
Investor Relations
Preussenstrasse 41
80809 Munich, Germany
Phone: +49-(0)89-35402-173
katrin.neuffer@wackerneuson.com
www.wackerneuson.com
About Wacker Neuson: The Wacker Neuson Group is a leading manufacturer of
light and compact equipment with over 40 affiliates, 140 sales and service
stations and more than 12,000 sales and service partners across the globe.
The Group can trace its roots back to 1848. Wacker Neuson is the partner of
choice among professional users in construction, gardening, landscaping and
agriculture, as well as among municipal bodies and companies in industries
such as recycling and energy. It also offers a global spare parts service.
The Wacker Neuson Group includes the product brands Wacker Neuson, Kramer
and Weidemann. In 2013, the Group achieved preliminary revenue of EUR 1.16
billion and employed over 4,100 people worldwide.
End of Corporate News
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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 News DGAP News-Service
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255341 03.03.2014
DGAP-News: Wacker Neuson SE: Wacker Neuson on the path to success despite weak market
| Source: EQS Group AG