Wacker Neuson SE: Wacker Neuson increases forecast on the basis of strong Q1 2011 performance

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

09.05.2011 14:42

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Wacker Neuson increases forecast on the basis of strong Q1 2011 performance

(Munich, May 9, 2011) On the basis of a strong first quarter 2011 and
promising prospects for the year overall, the Wacker Neuson Group has
reviewed its revenue and earnings forecast for the entire fiscal year. In
addition, company management expects to return to pre-crisis revenue levels
earlier than anticipated.

Q1 2011 was an exceptionally strong quarter for Wacker Neuson. The Group
increased revenue compared to the same quarter last year by 40.9 percent to
EUR 211.8 million (Q1 2010: EUR 150.3 million). The EBITDA margin (profit
before interest, tax, depreciation and amortization) rose much faster from
2.4 percent for the same quarter last year to 12.2 percent.

Due to this backdrop, the Executive Board has reviewed the forecast for the
entire fiscal year. They now expect revenue to increase between EUR 880 and
920 million (which corresponds to a growth rate between 16 and 21 percent)
and the EBITDA margin to settle between 12 and 13 percent. Previously, the
Group had projected that revenue would rise at least 15 percent to EUR 870
relative to 2010's figure (previous year: EUR 757.9 million) and that the
EBITDA margin would be at least 12 percent (previous year: 10.3 percent).

Following a construction period for the new R&D center and Group
headquarters in Munich of around three years, the company will have
completed and moved into the new buildings by June 2011. The Executive
Board intends to vacate and sell the part of Wacker Neuson SE's property at
Munich (Milbertshofen) that will no longer be required after the move. The
Executive Board's current forecast does not include the one-off proceeds
that would accrue to the company in the event of sale. The sales proceeds
could, however, make a significant contribution to earnings.

From today's perspective and assuming the market continues to develop
positively, the company expects to exceed pre-crises revenue levels (the
merged Wacker Neuson reported pro-forma revenue of around EUR 1 billion in
2007) one year earlier than anticipated in 2012. The company also expects
to achieve an EBITDA margin of 15 percent when it reaches the 1 billion
mark.

The company will be publishing its Q1 report on May 13, 2011.

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


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Language:     English
Company:      Wacker Neuson SE
              Preußenstr. 41
              80809 München
              Deutschland
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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