Wacker Neuson SE: 2011 a record year for Wacker Neuson; further growth expected in 2012

Wacker Neuson SE  / Key word(s): Preliminary Results/Development of Sales

03.02.2012 09:53

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2011 a record year for Wacker Neuson; further growth expected in 2012

(Munich, February 3, 2012) According to preliminary figures, the Wacker
Neuson Group has exceeded its ambitious goals for 2011 with a 31-percent
increase in revenue compared with the previous year. This placed revenue
and earnings at an all-time high. And the company aims to continue growing
in 2012.

Based on preliminary figures, Group revenue for fiscal 2011 rose to EUR
991.6 million, up 31 percent on the previous year (2010: EUR 757.9
million). This is an all-time high in the company's history. In keeping
with its growth strategy, Wacker Neuson focused on extending the reach of
its compact and light equipment offering in core markets in Europe and
North America in 2011. Successful sales of compact equipment and an
increasingly broad footprint across market segments bolstered growth here.
Beyond the construction industry, Wacker Neuson equipment is also widely
used in agriculture, gardening, landscaping, industry and the municipal
sector. In the fourth quarter of 2011, predominantly favorable weather
conditions in Europe and the US also had a positive effect on Group
figures.

Earnings figures also reached an all-time high, mirroring the Group's
strong revenue growth. Mid-2011, the Wacker Neuson Group was reorganized
into a holding structure, further increasing efficiency levels. With a
preliminary figure for profit before interest, tax, depreciation and
amortization (EBITDA) of around EUR 162.6 million (2010: EUR 77.8 million)
and therefore an EBITDA margin of 16.4 percent (2010: 10.3 percent), Wacker
Neuson also showed much stronger profitability figures. This allowed the
Group to again exceed its projections for the previous year (revenue:
around EUR 945 million; EBITDA margin: around 15 percent).




During the course of the annual impairment test, appreciation on the brand
value was recognized on the balance sheet in December 2011. This created
one-off earnings before interest and tax in the amount of EUR 10.8 million.
This precisely matches the impairment on the brand value recognized in 2009
as a result of the financial crisis.

The Wacker Neuson Group's financial and asset position remains very healthy
with a high equity ratio (before minority interests) of around 75 percent
and a low net financial debt of around 10 percent.

The Executive Board expects further growth in fiscal 2012.

The complete Annual Report (including the forecast for fiscal 2012) will be
published on March 22, 2012 in Munich during a press conference detailing
the Group's financial results.


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 
Tel. + 49 - (0)89 - 354 02 - 173
E-mail: ir@wackerneuson.com 
Internet: www.wackerneuson.com


03.02.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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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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