Wacker Neuson SE: Wacker Neuson remains on expansion path in 2014
Wacker Neuson SE / Key word(s): Final Results/Forecast
Wacker Neuson remains on expansion path in 2014
(Munich, March 31, 2014) In spite of difficult market conditions, Munich-based light and compact construction equipment manufacturer Wacker Neuson managed to further increase Group revenue and profitability in 2013. Having reached its targets for 2013, Wacker Neuson now aims to remain on this growth path through 2014.
Profit before interest and tax (EBIT) increased 12 percent to EUR 94.7 million, corresponding to an EBIT margin of 8.2 percent (2012: EUR 84.9 million; 7.8 percent). At EUR 28 million, Q4 2013 EBIT for the Group was an impressive 79 percent higher than the previous Q4 2012 figure (Q4 2012: EUR 16 million).
The Group's net profit for the year amounted to EUR 61.2 million (2012: EUR 54.1 million). This means that earnings per share are 13 percent higher at EUR 0.87 (2012: EUR 0.77).
Proposal for the appropriation of net profit
Positive free cash flow
Wacker Neuson is already moving in this direction, as proven by developments in its compact equipment segment. "Our strategy to extend our existing compact sales platform beyond Europe to reach international markets is already paying dividends. Here we achieved compact revenue growth outside Europe of 40 percent in 2013," Peksaglam continues. The Group sees particular potential in emerging markets in South America and South-East Asia, as well as in China, Russia and Turkey.
Strategy based on sustainable growth
Further revenue growth expected in 2014
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 employed over 4,100 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|