Wacker Neuson SE: Group raises forecast for fiscal 2011 again - Change in Supervisory Board

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

28.07.2011 17:25

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Group raises forecast for fiscal 2011 again - Change in Supervisory Board

(Munich, July 28, 2011) The Wacker Neuson Group has again raised its
forecast for fiscal 2011 following strong performance in the first
half-year. Preliminary figures for the first half-year of 2011 show that
the Group has generated its highest half-year revenue and earnings since
the merger in 2007. The Group also announced that Dr. Ulrich Wacker, Deputy
Chairman of the Wacker Neuson SE Supervisory Board, will be stepping down
from the Board at the end of today due to health reasons.

Record H1 revenue and earnings
The Wacker Neuson Group performed better than expected. Based on
preliminary figures, revenue for the first half-year of 2011 rose to EUR
478.7 million, up by 34.6 percent on the same period last year (H1 2010:
EUR 355.6 million). Operational efficiency also increased. Preliminary
figures for profit before interest, tax, depreciation and amortization
(EBITDA) for the first half-year were up 133.1 percent on the previous year
to EUR 71.6 million (H1 2010: EUR 30.7 million) and therefore reached an
all-time high since the merger in 2007. This corresponds to an EBITDA
margin of 15.0 percent (H1 2010: 8.6 percent). At EUR 48.6 million,
preliminary profit before interest and tax (EBIT) was significantly up on
the previous year (H1 2010: EUR 11.2 million), resulting in an EBIT margin
of 10.2 percent (H1 2010: 3.2 percent). Preliminary profit after tax and
minority interests improved to EUR 31.5 million in the first half-year (H1
2010: EUR 5.2 million). This corresponds to a EUR 0.45 earnings per share
(H1 2010: EUR 0.07). The first half-year is typically the strongest of the
year.

These positive developments have led the Group to raise its forecast for
the year again. The Executive Board now expects revenue for fiscal 2011
between EUR 910 and 930 million (previous forecast: EUR 880 to 920
million), and an EBITDA margin between 13 and 14 percent (previous
forecast: 12 to 13 percent). Group revenue for fiscal 2010 was reported at
EUR 757.9 million. The EBITDA margin was 10.3 percent.

The full half-year report will be published on August 11, 2011.

Change in Wacker Neuson SE Supervisory Board
Dr. Ulrich Wacker stepped down from the Supervisory Board during today's
meeting for health reasons. His resignation is effective as of close of
business today. Dr. Wacker has been with the company for over forty years.
He has made a significant contribution to its growth during this time,
first as a member of the management board of the Wacker Werke GmbH & Co. KG
and subsequently - following the transition to a stock corporation - as
Chief Executive Officer of Wacker Construction Equipment AG. In recent
years, Dr. Wacker served the company as Deputy Chairman of the Wacker
Neuson SE Supervisory Board.

For the interim period until the next AGM, which is scheduled for spring
2012, the Executive Board and the Supervisory Board have jointly agreed to
submit an application to the Registry Court for the judicial appointment of
a new Supervisory Board member. Both boards propose the appointment of Dr.
Matthias Bruse, attorney-at-law and founding partner of the P+P
Pöllath+Partners law firm based in Munich, to the Supervisory Board.

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


28.07.2011 DGAP's Distribution Services include Regulatory Announcements, 
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and 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:       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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