Wacker Neuson SE: Strong Q2 performance for Wacker Neuson
Wacker Neuson SE / Key word(s): Half Year Results/Quarter Results
Strong Q2 performance for Wacker Neuson
Double-digit growth across all business segments, rise in profit
(Munich, August 6, 2013) Despite the challenging general economic environment, Munich-based light and compact equipment Group Wacker Neuson reported an upturn in business in the second quarter of 2013 and thus compensated for the weak start to the year. Wacker Neuson has confirmed its forecast for fiscal 2013.
Strong second quarter
The light equipment segment reported a 12-percent Q2 revenue increase relative to the previous year. Revenue from compact equipment such as excavators, wheel loaders, dumpers and skid steer loaders rose by an impressive 19 percent, while the services segment reported a 14-percent rise in revenue.
Profit before interest, tax, depreciation and amortization (EBITDA) rose 20.4 percent in the second quarter of 2013 to EUR 44.9 million (Q2 2012: EUR 37.3 million). This corresponds to an EBITDA margin for the quarter of 13.6 percent (Q2 2012: 13.1 percent). The EBIT margin amounted to 8.9 percent (Q2 2012: 8.0 percent).
Revenue plus in the first half of 2013
The weak first quarter pushed profit for the first half of the year below the prior-year figure. EBITDA amounted to EUR 69.7 million (H1 2012: EUR 76.1 million). This corresponds to an EBITDA margin of 11.9 percent (H1 2012: 13.6 percent). Profit before interest and tax (EBIT) totaled EUR 40.4 million (H1 2012: EUR 49.2 million), which brought the EBIT margin to 6.9 percent (H1 2012: 8.8 percent).
Outlook and forecast for 2013
The company reported a double-digit rise in order intake at the close of the first half year 2013. The overall forecast for the year remains unchanged, with revenue expected to amount to around EUR 1.2 billion (2012: EUR 1,091 million) overall and the EBITDA margin to exceed 13.0 percent (2012: 13.0 percent). 'Despite our strong second quarter, we will have to keep working hard to meet our revenue and profit goals for the year. As such, we will keep a close eye on spending and focus on our strengths in production and distribution. I am confident that we will once again achieve our goals in 2013,' confirms Peksaglam.
Your contact partner:
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 Allrad, Kramer and Weidemann. In 2012, the Group achieved revenue of EUR 1.1 billion and employed over 4,000 people worldwide.
End of Corporate News
06.08.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
|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|