Wacker Neuson SE: Wacker Neuson Group revises its forecast

Wacker Neuson SE  / Key word(s): Change in Forecast/Half Year Results

03.08.2016 20:37

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Wacker Neuson SE: Ad-hoc press release in line with Article 15 of the
German Securities Trading Act (WpHG)

Wacker Neuson Group revises its forecast

(Munich, August 3, 2016)

The Wacker Neuson Group has lowered its revenue and profit forecast for the
current fiscal year in line with more subdued expectations for the second
half of the year.

Wacker Neuson Group revenue for the second quarter of 2016 amounted to EUR
381.4 million and thus almost matched the record figure reported for the
previous year (Q2 2015: EUR 382.1 million). Profit before interest and tax
(EBIT) remained almost unchanged from the previous year's level at EUR 33.4
million (Q2 2015: EUR 34.0 million). The EBIT margin was 8.8 percent (Q2
2015: 8.9 percent).

In the first half of the year, Group revenue came to EUR 697.8 million (H1
2015: EUR 706.4 million) and was thus 1.2 percent lower than the previous
year (H1 2015: EUR 706.4 million) - a development attributable to the weak
first quarter of 2016. Due to the drop in Q1 earnings, EBIT for the first
half-year decreased 23 percent relative to the previous year to reach EUR
50.7 million. The EBIT margin was 7.3 percent (H1 2015: EUR 65.7 million;
9.3 percent).

However, preliminary figures for July show that the Wacker Neuson Group
experienced a weak start to the second half of the year. High-risk markets
such as Russia, South Africa, Turkey and, most recently, the UK are
currently generating increasing levels of uncertainty in Europe. The
European agricultural market was also showing no signs of long-term
recovery at the start of the second half of the year. At the same time,
market weaknesses in North America are proving to be more persistent than
expected and many emerging markets are still not showing signs of recovery.
The company therefore expects revenue and profit for the second half of the
year to develop below previous expectations.

In light of these developments, the Executive Board reduced its forecast
for the year as a whole. It now expects revenue for fiscal 2016 to range
between EUR 1,375 and EUR 1,425 million (previously: between EUR 1,400 and
EUR 1,450 million) with an EBIT margin of between 6.5 and 7.5 percent
(previously: between 7.0 and 8.0 percent).

Explanation on KPIs applied are described in the annual report of Wacker
Neuson Group 2015 on page 158 (Website: wackerneusongroup.com/en/
investor-relations/financial-reports-presentations/2015/)

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 Yvonne Neuffer
Head of Corporate Communication /
Investor Relations
Preussenstrasse 41
80809 Munich, Germany
Phone: +49-(0)89-35402-173
katrin.neuffer@wackerneuson.com
www.wackerneusongroup.com


03.08.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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Language:     English
Company:      Wacker Neuson SE
              Preußenstr. 41
              80809 München
              Germany
Phone:        +49 - (0)89 - 354 02 - 0
Fax:          +49 - (0)89 - 354 02 - 390
E-mail:       ir@wackerneuson.com
Internet:     www.wackerneusongroup.com
ISIN:         DE000WACK012
WKN:          WACK01
Indices:      SDAX
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated
              Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
              Munich, Stuttgart, Tradegate Exchange
 
End of Announcement                             DGAP News-Service
 
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