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Wacker Neuson SE — Earnings Release 2010
Feb 14, 2011
480_rns_2011-02-14_d3296633-1dce-4a61-9ff6-070ba7d1def2.html
Earnings Release
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News Details
Ad-hoc | 14 February 2011 15:20
Wacker Neuson SE: Wacker Neuson exceeds annual forecast for 2010 and is optimistic about future developments
Wacker Neuson SE / Key word(s): Preliminary Results/Forecast
14.02.2011 15:20
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
Wacker Neuson exceeds annual forecast for 2010 and is optimistic about
future developments
(Munich, February 14, 2011) Preliminary figures for fiscal 2010 show that
the Wacker Neuson Group has exceeded previous forecasts, achieving a
revenue plus of 27 percent. The company also expects strong growth in 2011.
Revenue and earnings figures for the Wacker Neuson Group in fiscal 2010
outperformed expectations. This was fuelled by an improvement in the
general economic climate in the US and Europe, which led to an increase in
demand for light and compact equipment. Business was up across all
segments, pushing Group revenue for fiscal 2010 to EUR 757.9 million based
on preliminary results (2009: EUR 597.0 million). This represents an
increase of 27.0 percent on the previous year. Dynamic, above-average Q4
growth played a significant role in this increase, with revenue jumping 34
percent from EUR 154.2 million to EUR 206.3 million compared to the same
period in 2009. Preliminary figures for profit before interest, tax,
depreciation and amortization (EBITDA) amounted to EUR 77.8 million
(previous year: EUR 27.2 million). This corresponds to an EBITDA margin of
10.3 percent (previous year: 4.6 percent). The Group originally predicted a
sales increase of over 20 percent and an EBITDA margin in excess of 10
percent.
The Group's financial and asset position remains strong with an equity
ratio of around 80 percent and low net financial debt of EUR 13.7 million.
The compact equipment segment started off the new year from a strong
position with the year-end order backlog 350 percent up on the previous
year's level. Based on current market dynamics, the Executive Board expects
business overall to continue to develop positively and projects that total
revenue for fiscal 2011 will be at least 15 percent up on 2010 with an
EBITDA margin of at least 12 percent.
The complete Annual Report will be published on March 24, 2011 in Munich
during a press conference detailing the Group's financial results.
Additional information on Wacker Neuson SE shares:
ISIN: DE000WACK012
WKN: WACK01
Admission: Regulated market / Prime Standard; Frankfurt Stock Exchange
Company headquarters: Germany
Your contact partner:
Wacker Neuson SE
Katrin Neuffer
Preussenstr. 41
80809 Munich, Germany
Tel. + 49 - (0)89 - 354 02 - 173
E-Mail: [email protected]
Internet: www.wackerneuson.com
14.02.2011 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: English
Company: Wacker Neuson SE
Preußenstr. 41
80809 München
Deutschland
Phone: +49 - (0)89 - 354 02 - 0
Fax: +49 - (0)89 - 354 02 - 390
E-mail: [email protected]
Internet: www.wackerneuson.com
ISIN: DE000WACK012
WKN: WACK01
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart
End of Announcement DGAP News-Service