Wacker Neuson SE / Preliminary Results26.07.2010 06:33Dissemination of a Corporate News, transmitted byDGAP - a company of EquityStory AG.The issuer / publisher is solely responsible for the content of this announcement.---------------------------------------------------------------------------Wacker Neuson SE profitable in H1 as order book shows strong signs ofrevivalTrend confirmed - Q2 revenue up on first quarter and same quarter last year-Order intake has positive impact on capacity utilization(Munich, July 26, 2010) According to provisional figures, the Wacker NeusonGroup managed as expected to increase Q2 revenue relative to both the firstquarter of the current fiscal year and the same quarter last year and postpositive earnings once again. In addition, the Group reports a healthyrevival of order intake. Order backlog for compact equipment at the end ofJune 2010 was 350 percent higher than the corresponding figure for the sameperiod last year.Further increase in revenue and earnings in Q2Although sales in the first quarter were squeezed by a harsh winter in theUS and Europe, demand in the second quarter picked up further as expectedand as indicated at the world's largest construction fair bauma in April.According to provisional figures, quarterly revenue for the Wacker NeusonGroup is expected to reach EUR 205.3 million, up 36.6 percent on the firstquarter and 31.2 percent on the same period last year (Q1 2010: EUR 150.3million, Q2 2009: EUR 156.5 million). These figures reflect the positivetrend in the light equipment segment in particular. The forward-lookingcost-efficiency measures introduced back at the end of 2008 alsocontributed - as anticipated - to the results. The provisional Q2 profitbefore interest, tax, depreciation and amortization (EBITDA) amounts toaround EUR 27.0 million (previous year: EUR 13.4 million). Provisionalearnings before interest and tax (EBIT) are posted at around EUR 17.2million (previous year: EUR 3.2 million) with provisional Q2 profit for theperiod after tax and minority interests set at around EUR 10.9 million(previous year: EUR 1.4 million). The Wacker Neuson Group was thus able tomore than compensate for Q1 losses (posted at EUR 5.7 million) and hasreturned to profit as planned in the first half year. The company remainson a strong financial footing with an equity quota of 79 percent and a lownet financial debt.Order backlog up 350 percent on previous year's figure Accumulated order income for compact equipment - fuelled by theconstruction and agricultural industries - almost doubled in the firsthalf-year of 2010 relative to the same period last year. By the end of June2010, order backlog was even 350 percent higher than the figure reportedfor 2009. This upturn was, however, also accompanied by deliverybottlenecks among certain suppliers and this affected the entire industry.The Group assumes that pressure will ease further and products willincreasingly be ready for delivery on time. 'Our production facilities forlight and compact equipment such as wheel loaders, dumpers and excavatorsshow a healthy level of capacity utilization. In addition, our recentalliance with Caterpillar has the effect of accelerating construction plansfor our new production facility in Hörsching, near Linz in Austria,'explains Dr. Georg Sick, CEO of Wacker Neuson SE. Additional reasons forthe Group to feel optimistic for fiscal 2010 overall is the demand forlight equipment that remains strong in Europe, the US and Asia.Global perspective underpins future prospects Under the umbrella of a strategic alliance recently concluded betweenWacker Neuson SE and Caterpillar Inc., Peoria, US, both companies haveagreed to collaborate over the next 20 years. Starting in 2011, WackerNeuson will exclusively develop mini excavators up to a total weight ofthree tons and manufacture these at Wacker Neuson's plant in Austria.Caterpillar will use these machines to meet worldwide demand for its miniexcavators (with the exception of Japan). 'Caterpillar has the world'sstrongest distribution network. This strategic alliance allows us toincrease production volumes, reduce manufacturing costs and strengthen thecompetitive positions of both companies in what is a highly fragmentedmarket,' continues Sick. The Group is looking to the future with optimism.'Mid-term, we are planning to more than double unit production in thisproduct class. And this strategic alliance will also impact positively onour development and manufacturing competencies,' concludes Sick.The full half-year report will be published on August 13, 2010. About Wacker NeusonWacker Neuson SE is a global manufacturer of light and compact equipment.With over 30 affiliates and more than 180 sales and service stations acrossthe globe, the company offers an exceptionally broad product portfolio.Manufacturing activities are distributed across three German, one Austrian,two American and one Philippine production sites. Almost all productsmanufactured by the company are branded Wacker Neuson. The only exceptionsto this in Europe are Kramer Allrad products and Weidemann-brandedagricultural machinery. With over 300 product categories and complementaryrental, spare parts and repair services, Wacker Neuson is the partner ofchoice among professional users in construction, gardening, landscaping andagriculture, as well as among municipal bodies and companies in theindustrial and recycling sectors.Your contact partner at Wacker Neuson:Wacker Neuson SE Katrin Neuffer Preussenstr. 41 80809 Munich GermanyTel.: +49 - (0)89 - 354 02 - 173 E-mail: katrin.neuffer@wackerneuson.com Internet: www.wackerneuson.com26.07.2010 Ad hoc announcement, Financial News and Press Release distributed by DGAP.Media archive at www.dgap-medientreff.de and www.dgap.de--------------------------------------------------------------------------- Language: EnglishCompany: Wacker Neuson SE Preußenstr. 41 80809 München DeutschlandPhone: +49 - (0)89 - 354 02 - 0Fax: +49 - (0)89 - 354 02 - 390E-mail: info@wackerneuson.comInternet: www.wackerneuson.comISIN: DE000WACK012WKN: WACK01Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hannover, München, Hamburg, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
