Wacker Neuson SE: 2011 a record year for Wacker Neuson

Wacker Neuson SE / Key word(s): Final Results/Development of Sales

03.02.2012 / 16:59


2011 a record year for Wacker Neuson

(Munich, February 3, 2012) In fiscal 2011, construction equipment
manufacturer Wacker Neuson recorded all-time highs in revenue and earnings
- a trend that confirms the company's growth strategy. Wacker Neuson has
set its sights on further expansion in 2012.

Best fiscal year in company history
Figures for 2011 confirm that Wacker Neuson is clearly on the right path.
Based on preliminary figures, Group revenue rose to EUR 991.6 million
during fiscal 2011, up 31 percent on the previous year (2010: EUR 757.9
million). This is an all-time high in the company's history. The
distribution of revenue is well balanced, with the light and compact
equipment segments similar in size and the services segment continuing to
grow. All segments reported double-digit growth. Beyond the construction
industry, Wacker Neuson equipment is also used in agriculture, gardening,
landscaping, industry and the municipal sector. 'In the last two years
alone, our company has seen revenue rise by around 66 percent. In 2011,
growth was particularly strong in the US, Scandinavia and Central Europe.
Our compact segment for the construction and for the agricultural industry
revealed a particularly strong increase on the previous year,' explains Cem
Peksaglam, CEO of Wacker Neuson SE. In the fourth quarter of 2011,
predominantly favorable weather conditions in Europe and the US also had a
positive effect on Group figures. At EUR 264 million, Q4 revenue was up 28
percent on the previous year's quarter (Q4 2010: EUR 206.2 million), which
was itself a strong period for the Group.

Earnings more than doubled
Wacker Neuson also showed much stronger profitability figures for 2011 as a
whole. At around EUR 162.6 million, the preliminary figure for profit
before interest, tax, depreciation and amortization (EBITDA) is more than
double the previous year's figure (2010: EUR 77.8 million). This
corresponds to an EBITDA margin of 16.4 percent (2010: 10.3 percent), well
above the Group's expectations of 15 percent. Wacker Neuson has thus
achieved its highest earnings since the 2007 merger.
'Particularly in more developed markets, customer expectations for quality,
comfort, maintenance, safety, environmental sustainability and versatility
of our machines continue to rise - in both the construction and
agricultural industry. This is exactly where our strengths lie and our
products lead the market in all of these areas. We are also a high
performance organization thanks to our efficient processes, fast
decision-making and lean administration. I am therefore content with our
increase in profitability,' continues Peksaglam. The financials and assets
remain very healthy with a high equity ratio (before minority interests) of
around 75 percent and a low net financial debt of around 10 percent.

Great start to 2012 
The new year has got off to a great start, particularly in Wacker Neuson's
core markets. The company will continue to utilize market opportunities in
Europe, North and South America and is assessing the viability of launching
compact equipment products in Asia. As planned, Wacker Neuson has also
started to expand the medium-price range of its light equipment offering in
Asia. The company will also be present at bauma in Shanghai during November
of this year. '2012 is going to be a year that will see us build on our
international growth strategy. We will therefore focus our investments this
year on expanding our international sales and distribution network. By the
middle of the year, we will have started production at our new compact
equipment production facility in the Austrian town of Hörsching, near Linz
- one of the largest, most modern factories of its kind. This will enable
us to triple todays production capacity for excavators, dumpers, and skid
steer loaders,' states Peksaglam. 'Despite the debt crisis in Europe, we
have our sights firmly set on further growth in 2012,' he concludes.

The complete Annual Report (including the forecast for fiscal 2012) will be
published on March 22, 2012 in Munich during a press conference detailing
the Group's financial results.

Your contact:

Wacker Neuson SE 
Katrin Neuffer
Head of Corporate Communication / Investor Relations
Preussenstr. 41
80809 Munich, Germany 
Tel. + 49 - (0)89 - 354 02 - 173

About Wacker Neuson
The Wacker Neuson Group is a leading manufacturer of light and compact
equipment with over 30 affiliates and more than 140 sales and service
stations across the globe. Manufacturing activities are distributed across
three sites in Germany, one in Austria, a components manufacturing plant in
Serbia, two sites in the US and one in the Philippines. Products
manufactured by the company are branded Wacker Neuson. In Europe, the Group
also distributes compact equipment under the brand names Kramer Allrad and
Weidemann (agricultural machinery). With over 300 product categories and a
global spare parts service, Wacker Neuson is the partner of choice among
professional users in a wide range of industries including the
construction, gardening, landscaping and agriculture sectors, as well as
among municipal bodies and companies in the industrial, recycling and
energy sectors.

End of Corporate News


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Language:    English                                                
Company:     Wacker Neuson SE                                       
             Preußenstr. 41                                         
             80809 München                                          
Phone:       +49 - (0)89 - 354 02 - 0                               
Fax:         +49 - (0)89 - 354 02 - 390                             
E-mail:      info@wackerneuson.com                                  
Internet:    www.wackerneuson.com                                   
ISIN:        DE000WACK012                                           
WKN:         WACK01                                                 
Listed:      Regulierter Markt in Frankfurt (Prime Standard);       
             Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,  
             München, Stuttgart                                     
End of News    DGAP News-Service  
155392 03.02.2012