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PRESS RELEASE: Wacker Neuson SE: Wacker Neuson on the path to success despite weak market

DGAP-News: Wacker Neuson SE / Key word(s): Final Results/Preliminary Results Wacker Neuson SE: Wacker Neuson on the path to success despite weak market

03.03.2014 / 10:01

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Wacker Neuson on the path to success despite weak market

Preliminary figures for 2013 - Annual Report to be published on March 31, 2014

(Munich, March 3, 2014) Preliminary figures show that the Wacker Neuson Group increased 2013 revenue and earnings relative to the previous year and achieved its goals for 2013. The Group remains optimistic about 2014.

Based on preliminary figures, Group revenue rose by 6 percent in fiscal 2013 to EUR 1,160 million (2012: 1,092 million). This figure was dampened by exchange rate fluctuations, however. Adjusted to discount these effects, revenue rose 8 percent. Wacker Neuson expanded its market share at national and international level, even managing to grow in certain markets that showed signs of contracting. All three business fields ( light equipment, compact equipment and services ( reported a rise in revenue relative to the previous year. Revenue also increased in Europe and the Americas. The Asia-Pacific region, however, performed slightly below the previous year's level due to a market downturn in Australia and New Zealand and exchange rate fluctuations.

With preliminary profit before interest, tax, depreciation and amortization (EBITDA) of around EUR 153 million and an EBITDA margin of 13.2 percent, the Group was able to further increase profitability in 2013 despite the highly competitive market backdrop (EBITDA 2012: EUR 142 million; EBITDA margin: 13.0 percent). Revenue and profit thus align with the Group's forecast from March 2013 (revenue of around EUR 1.2 billion; EBITDA margin in excess of 13.0 percent).

Profit before interest and tax (EBIT) increased by 12 percent to EUR 95 million (EBIT 2012: EUR 85 million) and thus twice as much as revenues. The EBIT margin thus rose to 8.2 percent (2012: 7.8 percent).

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PRESS RELEASE: Wacker Neuson SE: Wacker Neuson on the path to success despite weak market