Wacker Neuson SE: Strong Q2 profit for Wacker Neuson in 2014
Wacker Neuson SE / Key word(s): Half Year Results/Forecast
Strong Q2 profit for Wacker Neuson in 2014
(Munich, August 5, 2014) Munich-based manufacturer of light and compact equipment, Wacker Neuson, posted a clear profit increase in the second quarter of 2014, with revenue remaining at the same level as the previous year. The Group posted new record revenue and earnings figures for the first six months of the year. The Group has confirmed its forecast for fiscal 2014.
Strong second quarter profit
Wacker Neuson reported a marked increase in earnings compared to the previous year. Profit before interest and tax (EBIT) reached EUR 41.3 million in the second quarter of 2014, an increase of 41 percent compared to the previous year (Q2 2013: EUR 29.3 million). The Group's EBIT margin thus grew from 8.9 to 12.6 percent, with the EBITDA margin increasing from 13.6 to 17.3 percent.
Record six months in 2014
Profit before interest, tax, depreciation and amortization (EBITDA) grew 33 percent to EUR 93.0 million (H1 2013: EUR 69.7 million). This corresponds to an EBITDA margin of 15.0 percent (H1 2013: 11.9 percent). EBIT increased by 57 percent to EUR 63.4 million (H1 2013: EUR 40.4 million), leading to an improved EBIT margin of 10.2 percent (H1 2013: 6.9 percent). These increases in profitability stem from sustainable measures introduced by the Group to lower costs and optimize work processes.
Growth forecast for 2014 confirmed
Table: Revenue and earnings
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About Wacker Neuson: The Wacker Neuson Group is a leading manufacturer of light and compact equipment with over 40 affiliates, 140 sales and service stations and more than 12,000 sales and service partners across the globe. The Group can trace its roots back to 1848. Wacker Neuson is the partner of choice among professional users in construction, gardening, landscaping and agriculture, as well as among municipal bodies and companies in industries such as recycling and energy. It also offers a global spare parts service. The Wacker Neuson Group includes the product brands Wacker Neuson, Kramer and Weidemann. In 2013, the Group achieved revenue of EUR 1.16 billion and employs over 4,200 people worldwide.
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|Company:||Wacker Neuson SE|
|Phone:||+49 - (0)89 - 354 02 - 0|
|Fax:||+49 - (0)89 - 354 02 - 390|
|Listed:||Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart|
|End of News||DGAP News-Service|