Wacker Neuson SE: Proposal at the upcoming AGM to appropriate profit and restructure Wacker Neuson SE as a holding company

Wacker Neuson SE  / Key word(s): Dividend/Strategic Company Decision

21.03.2011 16:30

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Proposal at the upcoming AGM to appropriate profit and restructure Wacker
Neuson SE as a holding company

(Munich, March 21, 2011) Parent company Wacker Neuson SE reports retained
earnings in the amount of EUR 13.1 million for fiscal 2010, of which EUR
0.17 is to be paid in dividends per eligible share. Plans to structure
Wacker Neuson SE as a holding company will align the company's legal
organization more closely with the operating management setup.
* Dividend proposal
During today's Supervisory Board meeting, the Supervisory Board of Wacker
Neuson SE approved the Executive Board's proposed dividend payment of EUR
0.17 per share for fiscal 2010, which it will propose to the AGM on May 26,
2011. In total therefore, the company will be paying out EUR 11.9 million.
During the past fiscal year, the net profit generated by the parent company
Wacker Neuson SE amounted to EUR 1.9 million (previous year: EUR 3.6
million). Retained earnings thus amounted to EUR 13.1 million (previous
year: EUR 3.6 million). Based on net Group profit of EUR 23.9 million
(previous year: EUR -110.1 million), the distribution ratio for the
proposed dividend pans out at around 50 percent. This is higher than the
target ratio set by the company as part of its long-term dividend policy.
As no dividends were paid out last year, management regards this year's
payout as justified.

* Proposed restructuring as a holding company
During its meeting today, the Supervisory Board also approved the Executive
Board's proposal to structure Wacker Neuson SE as a holding company and to
put this resolution to the AGM. As part of the restructuring, Production
Germany, Sales Germany and Sales Europe will be separated from Wacker
Neuson SE in their entirety and established as separate legal entities.
Central Group and corporate functions will remain at Wacker Neuson SE under
the umbrella of what is now central administration. The three operating
segments will be divested into three German companies registered in Munich
and structured as GmbH & Co. KG limited partnerships. Under the proposed
holding structure, Wacker Neuson SE shall hold 100 percent of the capital
in the three new affiliates. The American subsidiary, Wacker Neuson
Corporation, transitioned from a parent company to a holding structure on
January 1, 2011 and now manages production, logistics and sales within the
framework of separate legal entities.

These measures shall not result in any changes for shareholders in the
company as Wacker Neuson SE will remain the sole owner of the new operating
companies. In financial terms, the new legal structure does not affect the
Group's net assets and earnings position.

The Annual and Consolidated Financial Statements will be published on March
24, 2011 during a press conference presenting the annual results.

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

Contact partners:
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
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