Wacker Neuson SE: Revenue and EBIT for the third quarter above market expectations based on preliminary figures; Executive Board raises revenue and EBIT guidance

Wacker Neuson SE / Key word(s): Preliminary Results/Change in Forecast
Wacker Neuson SE: Revenue and EBIT for the third quarter above market expectations based on preliminary figures; Executive Board raises revenue and EBIT guidance

28-Oct-2021 / 17:50 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Wacker Neuson SE / Key word(s): Preliminary Results/Change in Forecast
Wacker Neuson SE: Revenue and EBIT for the third quarter above market expectations based on preliminary figures; Executive Board raises revenue and EBIT guidance

28-Oct-2021 / 17:50 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Publication of insider information in accordance with Article 17 MAR

Wacker Neuson SE: Revenue and EBIT for the third quarter above market expectations based on preliminary figures; Executive Board raises revenue and earnings guidance

Munich, October 28, 2021 - The Wacker Neuson Group expects Group revenue for Q3 2021 to amount to EUR 461.4 million based on preliminary unaudited figures (Q3/20: EUR 390.8 million). Preliminary figures place profit before interest and tax (EBIT) at EUR 44.7 million (Q3/20: EUR 22.8 million) and the EBIT margin at 9.7 percent (Q3/20: 5.8 percent). Revenue, EBIT and the EBIT margin are thus significantly above market expectations.

The Group managed to increase Q3 revenue relative to the prior-year period by a wider margin than initially anticipated in light of concerns over supply chain strains and repeated disruptions. It also largely managed to avoid extended production shutdowns. Material shortages and the resulting interruptions to production nonetheless curbed growth. Combined with rework efforts and raw material, component and shipping price increases, these had a draw-down effect on earnings, with profitability well above the prior-year quarter but below the H1 2021 level. By contrast, the rise in sales volumes and strict cost controls had a positive effect on profitability.

Based on the development of business to date and taking the prevailing conditions as well as the opportunities and risks facing the Wacker Neuson Group into consideration, the Executive Board today raised its revenue and earnings guidance for fiscal 2021 as a whole. The revenue range is now set at EUR 1,775 to EUR 1,825 million and the EBIT margin corridor at 9.3 to 9.7 percent (previous revenue guidance between EUR 1,750 and 1,800 million; previous EBIT margin guidance between 8.75 and 9.50 percent). Given that material reserves across the Group and its supply chains have now been depleted, the Executive Board anticipates a more pronounced impact from production outages and rising costs for raw materials, components and shipping in the fourth quarter.

The Group will publish the final results for the third quarter on November 10, 2021.

Explanations of the indicators used here can be found from page 150 onwards in the 2020 Wacker Neuson Group Annual Report.

Contact:
Wacker Neuson SE

Christopher Helmreich
Head of Investor Relations & Corporate Communications
Wacker Neuson SE
Preussenstrasse 41
80809 Munich, Germany
Tel.: +49 - (0)89 - 354 02 - 427
christopher.helmreich@wackerneuson.com
www.wackerneusongroup.com


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