Wacker Neuson SE: Annual General Meeting of Wacker Neuson SE approves dividend of EUR 0.90 per share; Dynamic start to 2022

DGAP-News: Wacker Neuson SE / Key word(s): AGM/EGM
Wacker Neuson SE: Annual General Meeting of Wacker Neuson SE approves dividend of EUR 0.90 per share; Dynamic start to 2022
03.06.2022 / 14:34
The issuer is solely responsible for the content of this announcement.

DGAP-News: Wacker Neuson SE / Key word(s): AGM/EGM
Wacker Neuson SE: Annual General Meeting of Wacker Neuson SE approves dividend of EUR 0.90 per share; Dynamic start to 2022
03.06.2022 / 14:34
The issuer is solely responsible for the content of this announcement.

Annual General Meeting of Wacker Neuson SE approves dividend of EUR 0.90 per share; Dynamic start to 2022

  • Fiscal 2021 a success with clear rise in revenue and profitability
  • Shareholders approve dividend of EUR 0.90 per share
  • Executive Board confident for remainder of the year despite continued supply chain uncertainties and dynamic price developments in procurement markets

Munich, June 3, 2022 – Wacker Neuson SE held its Annual General Meeting (AGM) for fiscal 2021 today. For the third consecutive year, the AGM was held virtually without shareholders being physically present in order to protect the health of employees and shareholders. Once they registered, shareholders were able to follow the entire meeting via a secured online service. In total, votes were cast for approximately 82 percent of the share capital. The main items on the AGM agenda were the dividend payout, appointment of the new auditor, and approval of the remuneration report for fiscal 2021.

In his speech, the Chairman of the Executive Board and CEO Dr. Karl Tragl summed up the first year with the newly formed Executive Board team: “The first few weeks of the year was a very exciting time for us as we visited many of our local sites and discovered first-hand what a great company Wacker Neuson is with its outstanding, innovative products and highly qualified, motivated people on all five continents. This impression was confirmed as the year progressed. Thanks to their tremendous commitment, the employees of our Group managed to increase revenue by 16 percent in the highly challenging environment that was fiscal 2021. We therefore almost balanced out the dip we experienced in 2020. And now all the signs again point towards growth for 2022!”.

The dividend payout proposed by the Executive Board and Supervisory Board in the amount of EUR 0.90 per eligible share for the past fiscal year was approved by shareholders with a clear majority. The payout aligns with the dividend policy of Wacker Neuson SE, which provides for the distribution per share of 40 to 60 percent of the profit per eligible share to ensure that shareholders continue to enjoy an appropriate stake in the company’s profit.

The shareholders also formally approved the actions of the Executive Board and Supervisory Board and further approved the remuneration report for fiscal 2021. The audit, tax and advisory firm Mazars GmbH & Co. KG, Munich, was appointed as the new auditor to review the Annual and Consolidated Financial Statements for fiscal 2022. All voting results can be viewed here: www.wackerneusongroup.com/hv

Positive outlook despite major supply chain uncertainties
2022 got off to a dynamic start for Wacker Neuson with revenue growth of 20 percent in the first quarter. Profitability was impacted, however, by inefficiencies caused by continued supply chain strains and sharp rises in input costs (Q1/2022: EBIT margin: 7.5 percent; -2.5 percentage points yoy). In his outlook for the remainder of 2022, Dr. Tragl commented: “Supply chain disruptions continue to have a negative impact on our operations, with component shortages causing extensive rework to our equipment. At the same time, the rise in input costs has accelerated. But despite the many challenges we are currently facing, the long-term trends shaping our industry remain consistently positive and offer tremendous opportunities for our company. We want to further expand our strong market position and continue to inspire our customers with innovative solutions.” Looking at 2022 as a whole, the Group’s revenue prediction remains unchanged in the EUR 1,900 million to EUR 2,100 million corridor with an EBIT margin between 9.0 and 10.5 percent.

Contact:

Wacker Neuson SE
Susanne Rizzo
Investor Relations
Preussenstrasse 41
80809 Munich
Tel. +49-(0)89-35402-1261
susanne.rizzo@wackerneuson.com
www.wackerneusongroup.com

About the Wacker Neuson Group:
The Wacker Neuson Group is an international network of companies, employing around 6,000 people worldwide. In fiscal 2021, the Group achieved revenue of EUR 1.87 billion. As a leading manufacturer of light and compact equipment, the Group offers its customers a broad portfolio of products, a wide range of services and an efficient spare parts service. The Wacker Neuson Group is the partner of choice among professional users particularly in construction, gardening, landscaping, agriculture, recycling, rail transport and manufacturing, as well as among municipal bodies. The product brands Wacker Neuson, Kramer and Weidemann belong to the Group. Wacker Neuson SE shares are listed on the regulated Prime Standard segment of the Frankfurt Stock Exchange (ISIN: DE000WACK012, WKN: WACK01) and the SDAX index of the German stock exchange.



03.06.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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