Wacker Neuson SE: Wacker Neuson determined to remain on growth path in 2013
Wacker Neuson SE / Key word(s): Quarter Results/Interim Report
Wacker Neuson determined to remain on growth path in 2013
Slight drop in revenue in first quarter - positive forecast for year as a whole
(Munich, May 14, 2013) The Wacker Neuson Group reported a slight drop in revenue and earnings for the first quarter of 2013 relative to the previous year's quarter. The company expects business to improve over the course of the year, however.
Squeeze on quarterly revenue
Core markets in Europe and the Americas below previous year
At around 70 percent, the Europe region continues to account for the lion's share of revenue. Overall, revenue from Europe was 8 percent down on the prior-year quarter. Revenue from the Americas, the Group's second largest market, fell by just 2 percent. In the Asia-Pacific region, Wacker Neuson reported a rise in revenue of 2 percent.
Drop in revenue and one-off items impact profit
Strategies for further profitable growth in place
Wacker Neuson's product portfolio enjoys international reach. In the past three years alone, the Group has channeled over EUR 300 million into new production facilities, efficient production processes, sales and service capabilities and ground-breaking product innovations. Wacker Neuson is carving out new growth opportunities by increasing penetration in growth markets, above all South America, Eastern Europe, Africa and Asia. To make the most of this growth potential, it will further tailor its products and services to the conditions and requirements of different regions. Wacker Neuson is also focusing on increasing its presence in established markets such as North America and Europe, which offers growth opportunities even under the current difficult market conditions. 'Europe is a very diverse market, varying dramatically from region to region. This is something that all players - from manufacturers through dealers to customers - have to deal with,' explains Peksaglam. 'The overall positive mood at bauma together with developments in recent weeks give us every reason to be optimistic about the remainder of the year.'
Wacker Neuson is confident that it will make up for the shortfall from the first quarter as the year progresses. The overall forecast for the year remains unchanged, with revenue expected to increase 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).
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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 Allrad, Kramer and Weidemann. In 2012, the Group achieved revenue of EUR 1.1 billion and employed over 4,000 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|