Wacker Neuson SE / Key word(s): Change in Forecast/Half Year Results03.08.2016 20:37Disclosure of an inside information according to Article 17 MAR,transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------Wacker Neuson SE: Ad-hoc press release in line with Article 15 of theGerman Securities Trading Act (WpHG)Wacker Neuson Group revises its forecast(Munich, August 3, 2016)The Wacker Neuson Group has lowered its revenue and profit forecast for thecurrent fiscal year in line with more subdued expectations for the secondhalf of the year.Wacker Neuson Group revenue for the second quarter of 2016 amounted to EUR381.4 million and thus almost matched the record figure reported for theprevious year (Q2 2015: EUR 382.1 million). Profit before interest and tax(EBIT) remained almost unchanged from the previous year's level at EUR 33.4million (Q2 2015: EUR 34.0 million). The EBIT margin was 8.8 percent (Q22015: 8.9 percent).In the first half of the year, Group revenue came to EUR 697.8 million (H12015: EUR 706.4 million) and was thus 1.2 percent lower than the previousyear (H1 2015: EUR 706.4 million) - a development attributable to the weakfirst quarter of 2016. Due to the drop in Q1 earnings, EBIT for the firsthalf-year decreased 23 percent relative to the previous year to reach EUR50.7 million. The EBIT margin was 7.3 percent (H1 2015: EUR 65.7 million;9.3 percent).However, preliminary figures for July show that the Wacker Neuson Groupexperienced a weak start to the second half of the year. High-risk marketssuch as Russia, South Africa, Turkey and, most recently, the UK arecurrently generating increasing levels of uncertainty in Europe. TheEuropean agricultural market was also showing no signs of long-termrecovery at the start of the second half of the year. At the same time,market weaknesses in North America are proving to be more persistent thanexpected and many emerging markets are still not showing signs of recovery.The company therefore expects revenue and profit for the second half of theyear to develop below previous expectations.In light of these developments, the Executive Board reduced its forecastfor the year as a whole. It now expects revenue for fiscal 2016 to rangebetween EUR 1,375 and EUR 1,425 million (previously: between EUR 1,400 andEUR 1,450 million) with an EBIT margin of between 6.5 and 7.5 percent(previously: between 7.0 and 8.0 percent).Explanation on KPIs applied are described in the annual report of WackerNeuson Group 2015 on page 158 (Website: wackerneusongroup.com/en/investor-relations/financial-reports-presentations/2015/)Additional information on Wacker Neuson SE shares:ISIN: DE000WACK012WKN: WACK01Admission: Regulated market / Prime Standard; Frankfurt Stock ExchangeCompany headquarters: GermanyYour contact partner:Wacker Neuson SEKatrin Yvonne NeufferHead of Corporate Communication /Investor RelationsPreussenstrasse 4180809 Munich, GermanyPhone: +49-(0)89-35402-173katrin.neuffer@wackerneuson.comwww.wackerneusongroup.com03.08.2016 The DGAP Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Archive at www.dgap.de--------------------------------------------------------------------------- Language: EnglishCompany: Wacker Neuson SE Preußenstr. 41 80809 München GermanyPhone: +49 - (0)89 - 354 02 - 0Fax: +49 - (0)89 - 354 02 - 390E-mail: ir@wackerneuson.comInternet: www.wackerneusongroup.comISIN: DE000WACK012WKN: WACK01Indices: SDAXListed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange End of Announcement DGAP News-Service ---------------------------------------------------------------------------
