Wacker Neuson SE: Wacker Neuson Group raises earnings forecast as a result of preliminary figures for October

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

04.11.2014 14:44

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.

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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 raises earnings forecast as a result of preliminary
figures for October

(Munich, November 4, 2014)

The Wacker Neuson Group has raised its earnings forecast for the current
fiscal year as a result of preliminary figures for October. Positive
business trends in the third quarter have continued into recent weeks. The
Group's revenue forecast remains unchanged.

Group revenue for the third quarter of 2014 amounted to EUR 316.2 million,
an increase of 14 percent relative to the previous year (Q3 2013: EUR 276.3
million). Profit before interest, tax, depreciation and amortization
(EBITDA) grew 34 percent to EUR 55.1 million in the third quarter. This
corresponds to an EBITDA margin of 17.4 percent (Q3 2013: EUR 41.2 million;
14.9 percent). At EUR 40.1 million, profit before interest and tax (EBIT)
rose 51 percent, resulting in an EBIT margin of 12.7 percent (Q3 2013: EUR
26.5 million; 9.6 percent).

This outperformance of profitability expectations is attributable to a
number of factors, in particular a favorable regional and product mix
across light and compact equipment, continued progress in execution of the
company's strategy and the increased success of ongoing cost and process
optimization measures across all lines of business.

During the first nine months of 2014, revenue increased by 9 percent
overall to EUR 936.2 million (9M 2013: EUR 862.4 million). This corresponds
to a rise of 11 percent when adjusted to discount currency fluctuations.
The EBITDA margin amounted to 15.8 percent (9M 2013: 12.9 percent) and the
EBIT margin was reported at 11.1 percent (9M 2013: 7.8 percent).

Initial preliminary figures show that these positive trends continued into
October. Against this backdrop, the Executive Board has increased its
profit forecast for the year as a whole based on initial preliminary
figures for October. The Executive Board now expects an EBITDA margin of
between 14.5 and 15.5 percent (previously 13 to 14 percent; 2013: 13.2
percent) and an EBIT margin of between 10 and 11 percent (previously 8 to 9
percent; 2013: 8.2 percent). The new forecast factors in the dip in
profitability typically associated with the fourth quarter. The Executive
Board confirms its previous Group revenue forecast for fiscal 2014,
estimated at between EUR 1.25 and 1.30 billion (2013: EUR 1.16 billion).

The Group will be publishing its nine-month report on November 11, 2014.
The company plans to announce its forecast for the coming fiscal year in
March 2015 when it publishes its figures for 2014.

Additional information on Wacker Neuson SE shares:
ISIN: DE000WACK012 
WKN: WACK01
Admission: Regulated market / Prime Standard; Frankfurt Stock Exchange
Company headquarters: Germany

Your contact:

Wacker Neuson SE 

Katrin Neuffer

Preussenstr. 41

80809 Munich

Germany 

Phone + 49 - (0)89 - 354 02 - 173

E-mail: ir@wackerneuson.com 

Internet: www.wackerneuson.com


04.11.2014 The DGAP Distribution Services include Regulatory Announcements,
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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:       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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