EQS-News: Wacker Neuson SE / Key word(s): Half Year Report/Quarter Results Wacker Neuson Group publishes half-year report and confirms preliminary figures for the first half of 2024 13.08.2024 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement. Wacker Neuson Group publishes half-year report and confirms preliminary figures for the first half of 2024
Munich, August 13, 2024 – Wacker Neuson Group, a leading manufacturer of light and compact equipment, published its consolidated financial report today, confirming the preliminary figures for the first half of 2024 published on July 17, 2024. As already communicated, the current overall market situation remains weak. Since the beginning of the year, the construction machinery industry has been characterized by low order intake and full dealer warehouses. The Wacker Neuson Group's results for the first half of the year reflect the current market situation. The revenue amounted to EUR 1,204.8 million, which corresponds to a decrease of 11.8 percent compared to the previous year (H1/2023: EUR 1,365.9 million). The EBIT margin amounted to 7.0% in the first half of the year (H1/2023: 12.9%), mainly due to volume effects. The increase in free cash flow, which among other things resulted from the reduction in inventories, was a particularly positive aspect. Results for the first half year of 2024 in detail:
Guidance adjusted with publication of preliminary figures In light of the weak market development, the Executive Board already adjusted the full-year 2024 guidance on July 17, 2024. The Wacker Neuson Group now expects revenue of EUR 2,300 to 2,400 million and an EBIT margin of 6.0 to 7.0 percent. Investments for the full year are now expected to amount to around EUR 100 million. The net working capital ratio at the end of the year is now expected to be around 34 percent. The forecast reflects business development in the first half of 2024 and also takes into account possible changes in the economic environment over the rest of the year.
Key figures of Wacker Neuson Group
1 Prior year includes a one-off income totaling EUR 26.5 million Management call and webcast A management call and webcast for institutional investors, analysts and members of the press is scheduled for August 13, 2024 at 1:00 p.m. CEST to present the H1/2024 results, followed by a Q&A session. Registration for the event is possible after contacting ir@wackerneuson.com. A replay will be available later on the Wacker Neuson Group website.
Contact: Wacker Neuson SE Peer Schlinkmann Investor Relations Preussenstrasse 41 80809 Munich, Germany Tel. +49-(0)89-35402-1823 ir@wackerneuson.com www.wackerneusongroup.com
The Wacker Neuson Group's complete half-year report 2024 is available at the following link: wackerneusongroup.com/investor-relations For press images relating to the Wacker Neuson Group, please see wackerneusongroup.com/konzern/pressemeldungen About the Wacker Neuson Group: The Wacker Neuson Group is an international network of companies, employing around 6,300 people worldwide. In fiscal 2023, the Group achieved revenue of EUR 2.7 billion. As a leading manufacturer of light and compact equipment, the Group offers its customers a broad portfolio of products, a wide range of services and an efficient spare parts service. Wacker Neuson Group 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 rail transport. The product brands Wacker Neuson, Kramer and Weidemann belong to the Group. Wacker Neuson SE shares are listed on the regulated Prime Standard segment of the Frankfurt Stock Exchange (ISIN: DE000WACK012, WKN: WACK01) and are member of the SDAX. 13.08.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com |
Language: | English |
Company: | Wacker Neuson SE |
Preußenstr. 41 | |
80809 München | |
Germany | |
Phone: | +49 - (0)89 - 354 02 - 1823 |
Fax: | +49 (0)89 354 02 - 298 |
E-mail: | ir@wackerneuson.com |
Internet: | www.wackerneusongroup.com |
ISIN: | DE000WACK012 |
WKN: | WACK01 |
Indices: | SDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1966049 |
End of News | EQS News Service |