Wacker Neuson SE: Revenue continues to grow in Q2 2012, revised profit forecast, plans to unify light and compact equipment segments under single management

Wacker Neuson SE  / Key word(s): Forecast/Change of Personnel

02.08.2012 14:11

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
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)

Revenue continues to grow in Q2 2012, revised profit forecast, plans to
unify light and compact equipment segments under single management

(Munich, August 2, 2012) Wacker Neuson Group revenue continued to grow in
the second quarter of 2012 relative to the same quarter last year. Despite
ongoing uncertainties in the euro zone, the company has reconfirmed its
revenue forecast, but has announced that it is adjusting its profit
forecast for 2012. Wacker Neuson also intends to unite management of its
two product segments (light and compact equipment) in order to further
strengthen its success.

Revenue growth in Q2 2012
Wacker Neuson's revenue for the second quarter of 2012 increased to EUR
284.2 million (Q2 2011: EUR 266.9 million). This corresponds to a
6.5-percent rise on what was already a relatively strong second quarter in
2011. The Americas region performed particularly well, with revenue here
rising by 23 percent. In Europe, revenue rose by just 2 percent. In May
2012, the affiliate Wacker Neuson Linz GmbH relocated to its new facility
in Hörsching (near Linz, Austria). The move led to delays in compact
equipment deliveries in June as well as to increased process and logistics
costs. Although workflows are currently returning to normal, the relocation
had a dampening effect on Group revenues and earnings for the second
quarter of 2012: Profit before interest, tax, depreciation and amortization
(EBITDA) came to EUR 37.3 million (Q2 2011: EUR 45.7 million). This
corresponds to an EBITDA margin of 13.1 percent for the second quarter of
2012 (Q2 2011: 17.1 percent). In the first six months of this fiscal year,
EBITDA rose 6.3 percent to EUR 76.1 million, resulting in an EBITDA margin
of 13.6 percent (H1 2011: EUR 71.6 million; 15.0 percent). Revenue for the
same period increased by 16.6 percent to EUR 558.1 million (H1 2011: EUR
478.7 million).

Forecast for 2012 as a whole
Uncertainties across markets coupled with the euro crisis are curbing
investments among European customers. Despite these factors, Wacker Neuson
has reconfirmed its revenue forecast of around EUR 1.1 billion for 2012.
However, the company now expects the EBITDA margin to level out between 13
and 15 percent (previous forecast: at least 15 percent). In fiscal 2011,
Wacker Neuson reported revenue of EUR 991.6 million and an EBITDA margin of
16.4 percent.

The full half-year report will be published on August 9, 2012.

Light and compact equipment segments under single management 
Wacker Neuson SE intends to unite its two product segments (light and
compact equipment) under single management in order to maximize synergies,
in particular with regard to international expansion. This will enable the
Group to further build on its market success.

In light of these plans, Mr. Richard Mayer reached a mutual, amicable
agreement with the Supervisory Board providing for his early exit from the
company. Mr. Mayer will be stepping down from his position as member of the
Executive Board of Wacker Neuson SE responsible for light equipment on
September 30, 2012. Mr. Mayer took on the position in 2007 during the
merger between the former Wacker Construction Equipment AG and Neuson
Kramer Baumaschinen AG. Prior to this, he served as Chief Financial Officer
and was also Spokesperson for the Executive Board for an interim period.
Mr. Mayer has served the company in a variety of positions since 1995,
helping to shape its future. The Supervisory Board and the Executive Board
would like to thank Mr. Mayer for his many years at the company and wish
him every success for the future.

Mr. Martin Lehner will take on responsibility for light equipment at
Executive Board level in addition to his current role as head of compact
equipment. Mr. Lehner has been with the company since 1987 and is also
Deputy CEO to Cem Peksaglam.

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


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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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