Wacker Neuson SE: Wacker Neuson SE to become a holding company

Wacker Neuson SE / Key word(s): AGM/EGM

26.05.2011 / 15:55

Wacker Neuson SE to become a holding company
Dividend approved - Healthy order situation as business continues to pick
up in 2011

(Munich, May 26, 2011) At today's AGM, shareholders of Wacker Neuson SE
approved the Executive Board and Supervisory Board's proposal to
restructure Wacker Neuson SE as a holding company. The shareholders also
approved a dividend payment of EUR 0.17 per share. The actions of the
Executive Board and Supervisory Board were officially approved for fiscal

Holding structure to raise efficiency
219 shareholders with a total of 59,922,024 voting rights were represented
today at the Wacker Neuson SE annual general meeting (AGM). Measured
against the authorized capital comprising 70.14 million shares, this
brought attendance to 85.4 percent. Shareholders at today's AGM agreed with
the Executive Board and Supervisory Board's proposal to transition Wacker
Neuson SE to a pure holding company. The drop-down and transfer agreement
required for the move was approved by the vast majority of shareholders.
The move comes as a follow-up to the 2007 merger and will align the
structures of both parts of the Group. The former Wacker Construction
Equipment AG was primarily structured as a parent company, bundling the
German activities (production, logistics and sales) of the light equipment
segment under a single legal entity. The former Neuson Kramer Baumaschinen
AG was organized as a holding company.

Operational activities in Germany will now be dropped down from Wacker
Neuson SE to three GmbH & Co. KG companies, headquartered in Munich. The
new companies will be responsible for sales, production and logistics
respectively. Central Group and corporate functions will remain at Wacker
Neuson SE. The three new German companies will be wholly owned affiliates.
Wacker Neuson SE will continue to own over 30 other affiliates (primarily
sales affiliates outside of Germany). The new structure will make Wacker
Neuson SE a management holding company with a central management structure.
The reorganization will not have any impact for Wacker Neuson SE

The Executive Board outlined the economic benefits of the new structure.
One of the core aims is to create a clear, uniform management and
organizational structure across the entire Group, thus raising transparency
over the company's cost structure, product range and areas of
responsibility. The new structure also aligns with the company's strategy,
which outlines a number of ambitious targets to be reached by 2015. The
Group intends to expand its market share by increasing market penetration
and sales activities, to strengthen its innovative drive, and to align
sales and distribution even more closely with customer needs by focusing
more on user processes and market requirements. The new holding structure
will lead to overall efficiency gains across the Group.

Dividend payment of EUR 0.17 approved
In light of the company's stronger earnings situation and sustainable
improvements to cost structures, shareholders approved a dividend of EUR
0.17 per share for the last fiscal year. With 70.14 million eligible
shares, this amounts to a total payout of EUR 11.9 million. The remaining
profit of EUR 1.1 million was carried forward. The distribution ratio pans
out at around 50 percent based on Group profit for the year in the amount
of EUR 23.9 million.

Upswing in business and healthy order situation
The first quarter of 2011 proved a resounding success for the Group. Its
positive performance was fueled by a US-led increase in sales of light
equipment, a rise in compact equipment revenue plus strong results from the
services segment, which was boosted by an early start to the construction
season. At the start of the second quarter, accumulated order intake for
compact equipment was over 40 percent up on the same quarter last year.
With an equity ratio in excess of 75 percent and low net financial debt,
Wacker Neuson is in a strong position to capitalize on the upswing. The
Group expects business to continue to develop positively.

Voting on items at the 2011 AGM:
Please find the voting results and further information regarding the
General Annual Meeting on our webpage:

Your contact partner:

Wacker Neuson SE 
Katrin Yvonne Neuffer
Head of Corporate Communication /
Investor Relations
Preussenstr. 41 
80809 Munich, Germany 
Tel: +49-(0)89-35402-173

About Wacker Neuson
Wacker Neuson SE is a global manufacturer of light and compact equipment.
With over 30 affiliates and more than 180 locations across the globe, the
company offers an exceptionally broad portfolio of products and services.
Manufacturing activities are distributed across three German, one Austrian,
two American and one Philippine production sites. Almost all products
manufactured by the company are branded Wacker Neuson. The only exceptions
to this in Europe are Kramer Allrad products and Weidemann-branded
agricultural machinery. With over 300 product categories and complementary
rental, spare parts and repair services, 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 the
industrial and recycling 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  
126421 26.05.2011