Wacker Neuson SE / Key word(s): Quarter Results12.11.2010 07:46---------------------------------------------------------------------------Wacker Neuson SE remains on path to success in Q3 2010Demand for light equipment and compact construction and agriculturalequipment remains high - earnings position strengthened - revenue andearnings forecast raised - dividend payment likely(Munich, November 12, 2010) The Wacker Neuson Group has significantlyincreased revenue for Q3 relative to the same quarter last year and morethan doubled earnings. The upswing was reflected in clear revenue gainsacross all regions and business segments. The Group strengthened itshealthy financial position and is virtually debt-free. The company hasagain adjusted its forecast for fiscal 2010 upward in light of upbeatmarket prospects and is optimistic about the coming years.Earnings again strong in third quarter Despite a downshift in the pace of global economic recovery from mid-2010on, the Wacker Neuson Group continues to benefit from high demand for lightand compact equipment worldwide. At EUR 196.0 million, revenue for thethird quarter was up 31.5 percent on the same quarter last year (Q3 2009:EUR 149.0 million). Due to seasonal fluctuations, this figure is belowrevenue for the previous quarter (Q2 2010: EUR 205.3 million). However, itstill shows that the upswing in business has continued into Q3. The Group'searly implementation of cost-cutting measures enabled it to strengthen itsearning power, reporting EBITDA of EUR 25.0 million in the third quarteralone (Q3 2009: EUR 15.6 million). The EBITDA margin improved in Q3 to 12.7percent (Q3 2009: 10.5 percent). The Group has therefore been able to morethan double its quarterly earnings, reporting EUR 10.1 million for thethird quarter (Q3 2009: EUR 4.8 million).Revenue for the first nine months of fiscal 2010 totaled EUR 551.7 million,which represents an overall increase of 24.6 percent (previous year: EUR442.8 million). Here, the Group was able to increase revenue across allregions and business segments - in most cases, with double-digit percentagegrowth. Profit before interest, tax, depreciation and amortization (EBITDA)in the first nine months of the year rose significantly from EUR 16.8million last year to EUR 55.7 million. The EBITDA margin increased to 10.1percent (previous year: 3.8 percent). The Group already returned to theprofit zone in the first six months of the year.Strong order intake'We are increasingly winning market share by leveraging sales synergiesacross our business segments,' explains Richard Mayer, Speaker of theWacker Neuson SE Executive Board. 'Global demand for light equipment hasbeen rising significantly for over a year now, particularly in the US.Demand for compact equipment is also developing positively, in particularin South America, Canada, South Africa and Switzerland.'At September 30, 2010, the order backlog for compact equipment was around380 percent up on the same date last year. Delivery bottlenecks amongsuppliers, which delayed delivery of the company's products during thefirst six months of the year eased, as anticipated, in the third quarter.Changing order patterns across the entire industry also influenced theorder book, with customers ordering products earlier than last year inanticipation of longer delivery times. Accumulated order intake remainsstrong.Solid financial position and positive operative cash flowGroup finances and assets are extremely strong, with liquid reserves at acomfortable level and an equity ratio of 79.4 percent. Net financial debtfell significantly to just EUR 1.8 million (Q2 2010: EUR 15.8 million). TheGroup is thus virtually debt-free despite increased investments during thefirst nine months of the year. The Group also put operative cash flowfirmly back into the black in the third quarter of 2010.Higher forecast for entire year On the back of the company's positive performance thus far, Wacker NeusonGroup management now expects revenue for 2010 to be at least 20 percent upon the previous year (2009: EUR 597.0 million). The EBITDA (profit beforeinterest, tax, depreciation and amortization) margin for the Group is alsoexpected to increase to at least 10 percent (2009: 4.6 percent). 'We haveevery reason to be satisfied with the fiscal year thus far,' states GüntherC. Binder, Chief Financial Officer at Wacker Neuson SE. 'At EUR 0.14,profit per share has already doubled during Q3 relative to the same quarterlast year. We expect to make a dividend payout next year for fiscal 2010.'Bright prospects The outlook for the Wacker Neuson Group is also positive for the comingfinancial years. The Group intends to leverage market opportunities andsees itself ideally placed to consolidate its competitive position. In2007, the year of the merger, Wacker Neuson reported pro-forma revenue ofaround EUR 1 billion. If the market continues to develop positively, Groupmanagement currently expects to return to pre-crisis revenue levels in2013/2014. It also expects to achieve an EBITDA margin of at least 15percent and an EBIT margin of at least 10 percent by that time.Key figures: Wacker Neuson Group**All figures include effects from purchase price allocation; differencesmay occur as a result of figures being rounded up or down.Q3in EUR million/Q3_2010/Q3_2009/Change in %/Q2_2010/Q1_2010Revenue 196.0/149.0/+31.5/205.3/150.3EBITDA 25.0/15.6/+59.7/27.0/3.7EBIT 14.1/5.9/+139.4/17.2/-5.9EBT 13.8/5.2/+164.1/15.8/-6.7Profit for the period 10.1/4.8/+113.4/10.9/-5.79Min EUR million/9M_2010/9M_2009/Change in %Revenue 551.7/442.8/+24.6EBITDA 55.7/16.8/+232.1EBIT 25.3/-13.4/+288.8EBT 22.9/-15.2/+250.9Profit for the period 15.4/-10.4/+247.1Your contact partner at Wacker Neuson:Wacker Neuson SE Katrin Neuffer Preussenstr. 41 80809 Munich, Germany Tel. +49 - (0)89 - 354 02 - 173katrin.neuffer@wackerneuson.com Internet: www.wackerneuson.comAbout 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.12.11.2010 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG.The issuer is solely responsible for the content of this announcement.DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.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: WACK01Indices: SDAXListed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Hamburg, München, Düsseldorf, Berlin, Hannover, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
