Wacker Neuson Group lowers its forecast
Revenue and profit developed below previous expectations due to the ongoing economic slowdown in the emerging markets and in countries, which are dependent on raw material prices.
In light of these developments, the Executive Board has lowered its forecast for the year as a whole. It now expects revenue to amount to between EUR 1.35 and EUR 1.40 billion (previously: EUR 1.40 to 1.45 billion; 2014: EUR 1.28 billion) and the EBIT margin to move between 7.0 and 8.0 percent (previously: 9.5 to 10.5 percent; 2014: 10.6 percent).
The company will be publishing its nine-month report on November 12, 2015. It will issue its forecast for the coming year in March 2016 when it publishes its results for 2015.
Additional information on Wacker Neuson SE shares:
Admission: Regulated market / Prime Standard; Frankfurt Stock Exchange
Company headquarters: Germany
Wacker Neuson SE
Katrin Yvonne Neuffer
Head of Corporate Communication / Investor Relations
80809 Munich, Germany