Wacker Neuson SE — Interim / Quarterly Report 2010

May 14, 2010

Q1 Report 2010 Q1/10

Figures at a glance

January 1 through March 31¹

in € million	Jan.1– Mar. 31, 2010	Jan.1– Mar. 31, 2009
Key fi gures
Sales	150.3	137.3
by region
Europe	110.0	107.6
Americas	33.0	23.8
Asia	7.4	5.9
by business segment2
Light Equipment	58.8	45.3
Compact Equipment	54.6	54.2
Services	36.9	37.8
EBITDA	3.7	-12.3
Depreciation and amortization	9.6	10.3
EBIT	- 5.9	- 22.6
EBT	- 6.7	- 23.0
Profi t for the period	- 5.7	- 16.6
Number of employees	3,090	3,375
Share
Earnings per share in €	- 0.08	- 0.24
Dividend per share in €	03	0.19
Key profi t fi gures
Gross profi t in %	30.3	23.1
EBITDA margin as a %	2.4	- 9.0
EBIT margin as a %	- 3.9	- 16.4
Key fi gures from the balance sheet	March 31, 2010	December 31, 2009
Property, plant and equipment	652.6	632.7
Current assets	354.9	339.0
Equity	795.1	791.5
Net fi nancial debt	2.0	- 24.9
Liabilities	212.4	180.2
Equity ratio as a %	78.9	81.5
Working capital	233.1	217.9
Cash fl ow	Jan.1– Mar. 31, 2010	Jan.1– Mar. 31, 2009
Cash fl ow from operating activities	- 2.3	3.8
Cash fl ow from investing activities	- 25.1	- 8.3
Cash fl ow from fi nancing activities	7.5	14.0
Free cash fl ow	- 27.4	- 4.5

1 Figures include PPA = Purchase price allocation. Purchase price allocation describes the process where purchase costs resulting from acquisitions are allocated to

individually acquired assets, liabilities and contingent liabilities, which are measured at fair value.

2 Consolidated sales after discounts.

3 Dividend payment proposed at the AGM on May 28, 2010.

Q1 2010 summary

Overview

During the fi rst quarter of fi scal 2010, Wacker Neuson SE posted signifi cantly higher revenue and profi ts compared with the same period last year. Performance was dampened by the harsh winter experienced in Europe, a key region for the Group. Nevertheless, orders increased signifi cantly, refl ecting the current upbeat market climate. In Q1 2010, revenue increased by 9.5 percent due to positive developments in the light equipment segment, strong sales in the Asia region and the continued recovery in the US. Group fi nances and assets remain strong, and the company confi rms its forecast for fi scal 2010.

Q1 2010 compared with Q1 2009

• At EUR 150.3 million, revenue is up 9.5 percent on the previous year.
• The global upturn has been confi rmed by revenue growth up 29.7 percent in light equipment, 37.8 percent in the US and 25.7 percent in Asia.
• EBITDA amounted to EUR 3.7 million (previous year: EUR -12.3 million).

Q1 2010 compared to Q4 2009

• Order intake in the compact equipment segment is up around 60 percent on Q4 2009.
• Short-time work has been reduced from 15 percent (at the end of 2009) to 7 percent.
• Working capital has increased slightly (by 7 percent) since the beginning of the year due to increased demand.
• Equity ratio totals 78.9 percent. Net fi nancial debt is virtually negligible at EUR 2.0 million, confi rming the Group's healthy fi nancial position.

Forecast and strategy

The Wacker Neuson Group expects the construction and agricultural industries to remain on the path to recovery and anticipates even greater momentum in the second half of 2010. Our outlook for 2010 is optimistic.

• The Group confi rms its revenue forecast of at least fi ve percent for the entire year.
• It also expects profi t before interest, tax, depreciation and amortization (EBITDA) to rise and is looking to return to the profi t zone at operative level.
• The company will continue to launch compact equipment worldwide.
• The upward market trend was confi rmed at bauma, which took place in Munich in April.
• The company continues to evaluate alliances and acquisitions in the future.

| 02 Foreword by Executive Board

• | 04 Interim Review
• | 15 Interim Financial Statements Income Statement Total profi t/loss for the quarter Balance Sheet Statement of Changes in Equity Cash Flow Statement Segmentation
• Selected Explanatory Notes to the
• | 21 Interim Financial Statements
  • | 24 Additional Table
• | 25 Financial Calendar/IR Contact

Dear Ladies and Gentlemen,

Dr.-Ing. Georg Sick CEO and President

Every three years, Munich is host to bauma, the largest and most important construction trade fair in the world. This key event provides the perfect platform for companies to showcase their products and latest innovations. In April of this year, the Wacker Neuson Group presented an impressive range of new products under the Wacker Neuson and Kramer Allrad brands – once again underlining our commitment to innovation and outstanding performance. Our program of live demos enabled us to highlight the benefi ts of the merger. Customers were able to see for themselves how combining products from our light and compact equipment segments enables them to further optimize their construction processes.

Judging by the number of deals our sales team closed during the trade fair, our unique, high-quality portfolio clearly made an impression. Our sales organization reported a 25-percent increase in orders compared with bauma 2007, which was a boom year for the Group. Viewed in conjunction with a 60-percent or so rise in compact orders relative to Q4 2009, this increase reaffi rms the underlying sense of optimism among our customers.

These are extremely important results, as our business in January and February was hit by the harsh winter in our core region of Europe, which accounts for around 75 percent of total revenue. New equipment sales and results from our rental business in Central and Eastern Europe had a particularly dampening affect on revenue during this period, which was refl ected in earnings for the entire quarter. Furthermore, our prediction that individual suppliers would run into diffi culties in the event of an upturn in business also proved accurate. Delayed parts and component deliveries had a knock-on effect on the production and delivery timeframe for compact equipment, resulting in additional costs for the company. We are maintaining regular contact with our business partners and suppliers in order to jointly develop forward-looking solutions that refl ect the current rise in demand.

Part of our strategy here may well include providing fi nancial support for key suppliers should this be necessary in order to guarantee on-time delivery of products. Our extremely healthy fi nancial and asset position plus our continued high equity ratio gives us the freedom to consider this option. The rise in orders has led us to increase inventory. Working capital is therefore up relative to the end of 2009. As expected, our net cash position was turned into a slight net fi nancial debt.

I am extremely pleased to report that we will be ending short-time working schemes in all plants in Germany and Austria in May and that we were already able to increase headcount at our US facilities during the fi rst quarter. The ongoing upward trend in the US and in the light equipment segment confi rms the capital

market's forecast that the construction industry would be one of the earlier segments to show signs of recovery.

Despite fi rst quarter losses, we remain optimistic about business development for the remainder of 2010 and will not be changing our forecast for the current fi scal year. We expect revenue to grow by at least fi ve percent, fl anked by a rise in profi t before interest, tax, depreciation and amortization (EBITDA). We are also looking to return to the profi t zone at operative level. This also aligns with our prediction that the pace of recovery in the construction and agricultural markets will pick up during the second half of 2010 as backlogs clear – a trend that will also have a stronger impact on our business performance. We also expect positive impetus from economic recovery packages, primarily in the US. We will thus continue to implement measures to launch compact equipment and establish a network of exclusive Wacker Neuson dealers in the US, and plan to expand this concept to South America and the Middle East.

All of these strategic measures remain framed by our long-term growth targets. Our Farm Mobility concept, for example, involves distributing compact equipment for the agricultural industry under the Weidemann brand and will open up new opportunities for the Group from 2010 onward. Acquisitions and partnerships will continue to be part of our medium-term strategy in order to strengthen our product offering and provide added value to our customers. After all, our customers are the key to our success. It is crucial that we provide them with proof of our expertise each and every day – something we certainly excelled at during bauma 2010.

Yours sincerely,

Dr.-Ing. Georg Sick CEO and President

Interim review

Economic and business trends

Global economy gradually recovering

During the fi rst quarter of 2010, the global economy showed signs of recovery in line with expert predictions. Economic action plans initiated by national governments were increasingly successful in generating momentum.

The general economic trend in Germany was thus upward at the beginning of 2010. The business climate was increasingly positive, and industrial production was up slightly at the start of the year. In addition, order intake showed a sharp rise.

Trends in construction and agricultural markets

Construction market affected by long winter

Following a two-year recessionary period, the global construction industry evidenced increasing signs of recovery at the start of 2010. However, this was overshadowed in Q1 by the unusually harsh winter. A joint analysis from leading economic institutes concluded that the harsh conditions squeezed construction industry performance by 15 percent on average in January and February relative to average Q4 2009 fi gures, as many construction sites were forced to cease operations temporarily. Investment picked up once more in March, following large-scale clearance of compact equipment inventory in the markets.

In the US, the recovery measures outlined in the national economic action plan were increasingly effective, particularly those aimed at improving national infrastructure. This resulted in increased investment activity amongst construction companies.

Brighter prospects on agricultural markets

Although the agricultural sector was hit by the economic crisis signifi cantly later than the construction industry, it also showed signs of recession last year. We were therefore particularly pleased to note the positive signs shown in agricultural markets in the fi rst quarter of 2010. Hopes of a milk price recovery also had a positive impact on readiness to invest among agricultural landholders. Due to low agricultural prices, investments in Q1 2010 remained focused on improving operational effi ciencies.

Group business development

Start of construction season in March marks upturn

Wacker Neuson Group performance was varied in the fi rst quarter of fi scal 2010. The harsh winter in Europe, a key region for the Group, meant that revenue for the fi rst two months was lower than that recorded for the same period last year. The start of the construction season in March led to a clear upturn in demand for light and compact equipment, pushing Q1 revenue up 9.5 percent to EUR 150.3 million (previous year: EUR 137.3 million). Viewed overall, revenue in the fi rst quarter of 2010 was slightly down on Q4 2009 due to the poor weather conditions (Q4 2009: EUR 154.2 million).

Following on from the signifi cantly lower level at the same period last year (Q1 2009), new machine sales in the light equipment segment began to pick up once more in the period under review. In this segment, Group revenue was up 29.7 percent in Q1 2010. The ongoing upturn in the US, where Group revenue was up 37.8 percent in the fi rst quarter, was a key contributing factor to the increase in Group revenue. The recovery measures initiated under state economic action plans seemed particularly effective in encouraging American customers to invest, although larger enterprises continued to proceed with caution. The upturn in revenue confi rmed the general upward trend in the segments listed, which had shown early signs of revival mid-2009.

Performance in Asia was also positive in the fi rst quarter, with Wacker Neuson's revenue jumping by 25.7 percent in that region.

Order intake for compact equipment for the construction and agricultural industries was brisk in Q1 2010. As we anticipated, the investment backlog due to the economic crisis was easing as customers started to replace existing equipment. And – as we also expected – this upswing revealed delivery bottlenecks among certain suppliers. Some parts, such as steering columns and hydraulic components used to produce wheel loaders, for example, were not delivered on time. Similar to the downturn in the rental business in Central and Eastern Europe, this had a negative effect on the gross profi t margin and on Q1 earnings.

bauma 2010 in April (Munich) was a resounding success for the Wacker Neuson Group. This year saw the Group present its unique, combined portfolio of highquality Wacker Neuson and Kramer Allrad products at the trade fair for the fi rst time. Feedback from customers was extremely upbeat, with sales up by more than 25 percent on 2007, which was a boom year.

In general, the upward trend experienced in March was confi rmed at bauma, the world's largest construction trade fair, held in Munich, Germany in April. Across the entire Group, we concentrated during the period under review on getting ready to capitalize on the opportunities that would accompany a rapid market recovery. We have, for example, been gradually increasing inventory since the beginning of the year, after drastically reducing working capital in 2009.

Reducing short-time work at all production sites in Germany and Austria from around 15 percent (at December 31, 2009) to around 7 percent has allowed us to align manpower capacity with the upturn in order intake, increasing it relative to the end of 2009 without causing any substantial rise in costs. Primarily in the US, where no provisions for short-time work were available, we slightly increased our headcount to manage the rise in incoming orders.

Despite stepping up investments in the fi rst quarter of 2010, the Group has nonetheless almost retained its net cash position. Group fi nances and assets remain extremely strong, with liquidity at EUR 66.3 million and an equity ratio of 78.9 percent.

Purchase price payment for new property acquired in Hörsching (Austria)

Last year, Wacker Neuson Linz GmbH, Linz-Leonding (Austria), affi liate of Wacker Neuson SE, acquired a property measuring around 160,000 square meters in the district of Hörsching (near Linz, Austria). Having paid a small deposit last year, we capitalized the property on January 20, 2010, following successful entry in the land registry and paid EUR 8.5 million, the remainder of the purchase price (total purchase price: EUR 9.3 million). However, we have not yet made a fi nal decision on the start of construction for a new production plant for compact excavators, skid-steer loaders, and wheel and track dumpers. This will be contingent on the general pace of economic recovery.

Suggested appropriation of profi ts

At the AGM on May 28, 2010, the Executive and Supervisory Boards will propose that no dividends be distributed for fi scal 2009 (previous year: EUR 0.19 per share) and that the balance sheet profi t be carried forward due to the previous year's drop in earnings and the current tentative signs of market recovery.

Executive and Supervisory Boards

Differences of opinion within the Supervisory Board were permanently resolved by mutual agreement during the reporting period. Hans Neunteufel remains Chairman of the Wacker Neuson Supervisory Board.

Legal changes to the company structure

Sales affi liates in Finland and New Zealand are due to be closed. By cooperating with renowned local sales partners, however, Wacker Neuson will retain good access to these markets for its products and services, while reducing administrative costs.

Capital market communication and share trends

During the fi rst quarter of 2010, the Executive Board again actively reported on company performance, including presentations at an investor conference in Frankfurt and at national and international roadshows. The share price developed in line with the average SDAX during Q1. At the beginning of 2010, the share price was listed at EUR 8.49. On January 20, this rose to EUR 9.48 but by February 9 had lost momentum at EUR 7.63. Over the quarter, our share price regained ground, closing on March 31 at EUR 8.48.

Share price trends January through May 2010

Share price trends plotted against peers January 2009 through May 2010

Profi t, fi nances and assets

The fi gures for Q1 2010 include the effects of purchase price allocation (PPA). As of fi scal 2010, EBITDA is unaffected by PPA. It results from the merger of the former Wacker Construction Equipment AG and Neuson Kramer Baumaschinen AG in fall 2007 and describes the process where purchase costs resulting from the acquisition are allocated to individually acquired assets, liabilities and contingent liabilities, which are measured at fair value.

Profi t

Revenue growth in fi rst quarter

After a harsh winter in Europe – one of our key regions – Group revenue and earnings in Q1 of fi scal 2010 were not bolstered by a positive investment trend until March. Quarterly revenue rose by 9.5 percent to EUR 150.3 million (previous year: EUR 137.3 million). Adjusted to discount currency fl uctuations, this corresponds to an increase of 8.2 percent.

Sales
Q1 2010 and 2009
in € million

Q1/2010	150.3
Q1/2009	137.3

Manufacturing costs sank to EUR 104.7 million (previous year: EUR 105.5 million).

Gross profi t on revenue increased to EUR 45.6 million (previous year: EUR 31.8 million), with the gross profi t margin rising to 30.3 percent (previous year: 23.1 percent). This is attributable to the increased role played by the light equipment business segment and the positive impact of proactive, long-term cost effi ciency measures taken the previous year. Compared with quarters two through four in 2009, the gross profi t margin for the reporting period refl ected the increase in costs required to manufacture compact equipment due to delivery problems among suppliers, continued price pressure in the compact equipment segment, and reduced rental revenue due to the harsh weather conditions. All of these factors combined to dampen the gross profi t margin for this period.

Further cut in selling expenses plus R&D and administrative costs

In 2009, the Group implemented a program of measures aimed at reducing costs and restructuring. The positive effect of these cost-cutting measures became evident in Q1 2010.

Expressed as a percentage of revenue, selling expenses, plus R&D and administrative costs were down to 34.8 percent (previous year: 41.4 percent).

Although the Group continued to intensify sales, research and development activities, sales costs remained below the 2009 level at EUR 34.1 million (previous year: EUR 37.5 million), with R&D costs dropping to EUR 5.2 million (previous year: EUR 6.0 million), primarily due to the reduction in property, plant and equipment costs.

General administrative costs were reduced 2.0 percent to EUR 13.1 million (previous year: EUR 13.3 million). Expressed as a percentage of revenue, administrative costs amounted to 8.7 percent (previous year: 9.7 percent).

Earnings up although dampened by one-off items of expense

Profi t before interest, tax, depreciation and amortization (EBITDA) rose from EUR -12.3 million to EUR 3.7 million. The EBITDA margin was at 2.4 percent (previous year: -9.0 percent). Depreciation and amortization amounted to EUR 9.6 million in the fi rst quarter (previous year: EUR 10.3 million).

There was an improvement in the profi t before interest and tax (EBIT), which rose to EUR -5.9 million (previous year: EUR -22.6 million). However, one-off items of expense, such as legal and consulting costs relating to disputes (which have since been resolved) amounting to EUR 1.5 million , in addition to the factors mentioned above that squeezed gross profi t, also had an effect on earnings. The EBIT margin was at -3.9 percent (previous year: -16.4 percent).

EBIT
Q1 2010 and 2009
in € million
Q1/2010	-5.9
Q1/2009	-22.6

Natural hedging protects the company against exchange rate fl uctuations. In the fi rst quarter of 2010, the US dollar steadily lost value (1 EUR = 1.37 USD; previous year: 1 EUR = 1.29 USD).

Profi t before tax (EBT) grew to EUR -6.7 million (previous year: EUR -23.0 million). This resulted in a tax revenue of EUR 1.0 million (previous year: EUR 6.4 million). The tax rate decreased from 27.9 percent to 15.4 percent, as tax loss carry-forwards were not always recognized in full as liabilities on the balance sheet

At EUR -5.7 million, profi t for the period was clearly above earnings for the same period last year (EUR -16.6 million). Based on a weighted average number of ordinary shares in circulation during the period of 70.14 million, earnings per share totaled EUR -0.08 (previous year: EUR -0.24).

Finances

Company remains on stable fi nancial footing

Our aim in 2010 is to again fund day-to-day operations with operative cash fl ow as far as possible. We plan to invest any fi nancial surplus in liquid, secure instruments capitalizing on the prevailing interest rates and to use such funds to fi nance the future growth of the company.

Cash fl ow from operating activities reached EUR -2.3 million at the end of the fi rst quarter (previous year: EUR 3.8 million).

Cash fl ow from investment activities refl ected renewed investment projects, which we had drastically cut back in 2009 and partially deferred until 2010. In the fi rst three months of fi scal 2010, we invested a total of EUR 23.0 million in property, plant and equipment (previous year: EUR 7.3 million). This was channeled in part into construction of our new Research and Development Center and company headquarters in Munich, Germany, as well as into expansion of our rental business in Central and Eastern Europe, and the purchase of a tract of land in Hörsching (Austria). Cash fl ow from investment activities came to EUR -25.1 million (previous year: EUR -8.3 million).

Cash fl ow from fi nancing activities totaled EUR 7.5 million (previous year: EUR 14.0 million), largely attributable to the partial fi nancing of a tract of land in Hörsching (Austria). Free cash fl ow amounted to EUR -27.4 million (previous year: EUR -4.5 million).

Free cash fl ow

in € K	Q1/2010	Q1/2009
Cash fl ow from operating
activities	- 2,300	3,812
Cash fl ow from investment activities	- 25,135	- 8,344
Free cash fl ow	- 27,435	- 4,532

Comfortable liquid reserves

Available liquid assets combined with credit lines extended to Wacker Neuson by credit institutes are suffi cient to meet our liquidity needs. At the closing date, less than half of all credit lines had been drawn. The Group had liquid assets in the amount of EUR 66.3 million at the closing date (December 31, 2009: EUR 85.0 million).

Effi cient management of working capital

During the fi rst quarter of 2010, we succeeded in decreasing working capital by 7.0 percent to EUR 233.1 million (December 31, 2009: EUR 217.9 million). Through focused measures to build up inventory, this increased to EUR 157.8 million (at December 31, 2009: EUR 148.3 million). Trade payables rose to EUR 40.8 million (December 31, 2009: EUR 21.3 million). Trade receivables reached EUR 116.2 million (December 31, 2009: EUR 90.8 million). It is our ongoing aim to maintain a healthy balance between working capital and revenue.

Assets

Assets in strong position with continued high equity ratio

At the close of the fi rst quarter, the balance sheet again refl ects the strong position of Group assets. After the fi rst three months of the year, the balance sheet total increased to EUR 1,007.5 million (December 31, 2009: EUR 971.7 million). Assets rose to EUR 615.7 million (December 31, 2009: EUR 597.8 million), primarily due to the purchase of a tract of land. Due to an increase in production levels, the value of fi nished products rose to EUR 107.6 million (December 31, 2009: EUR 107.1 million). At EUR 354.9 million, current

assets were up due to a concerted effort to increase inventory (December 31, 2009: EUR 339.0 million).

Equity amounted to EUR 795.1 million (December 31, 2009: EUR 791.5 million). The equity ratio was 78.9 percent (December 31, 2009: 81.5 percent), and, in our view, is still at a high level for the industry. The company's share capital remained unchanged at EUR 70.14 million.

Total non-current liabilities rose 8.5 percent to EUR 96.9 million (December 31, 2009: EUR 89.3 million). Total current liabilities were posted at EUR 115.6 million (December 31, 2009: EUR 90.9 million).

At the close of the fi rst quarter, net fi nancial debt amounted to EUR 2.0 million (December 31, 2009: net cash position of EUR 24.9 million).

					Net fi nancial debt
--	--	--	--	--	---------------------

in € K	Mar. 31, 2010 Dec. 31, 2009
Non-current liabilities	- 40,900	- 33,583
Current borrowings from banks	- 15,377	- 14,889
Current portion of non-current
liabilities	- 12,037	- 11,698
Cash and cash equivalents	66,299	85,024
Total	2,015	- 24,854

Segment reporting

With its wide range of products and services, the Wacker Neuson Group caters to construction companies and to dealers, rental organizations and importers across the globe.

Our segment reporting provides an overview of business development by region (Europe, Americas and Asia) and reports revenue by business segment (light equipment, compact equipment and services).

Revenue was up in all regions, especially the Americas and Asia. Revenue also increased in the light equipment segment. Order intake was up signifi cantly in the compact equipment segment.

Results for Europe, the Americas and Asia

* Differences attributable to rounding.

Harsh winter in Europe

The region Europe suffered a particularly harsh winter, which meant that the market only started to pick up in March. However, at 73.2 percent (previous year: 78.4 percent), Europe continued to account for the majority of revenue. The fi rst three months of fi scal 2010 saw the region's revenue rise 2.2 percent to EUR 110.0 million (previous year: EUR 107.6 million). Profi t before interest and tax (EBIT) increased from EUR -15.3 million to EUR -5.7 million.

Europe Q1 2010 and 2009

in € million

The upswing in construction activity was felt across the entire region and was particularly apparent in France, Spain, the UK, Sweden, Norway and Finland. The Netherlands, Denmark and Italy were the only countries where development remained below the previous year's level.

Signifi cant growth in the Americas

Revenue in the Americas was up 38.4 percent on the previous year, reaching EUR 33.0 million (previous year: EUR 23.8 million). Profi t before interest and tax (EBIT) rose from EUR -5.8 million to EUR 1.3 million. This region's share of total revenue rose from 17.3 percent to 21.9 percent. Discounting exchange rate fl uctuations, revenue in the region increased by 40.0 percent.

Americas Q1 2010 and 2009 in € million

Sales
Q1/2010		33.0
Q1/2009		23.8
EBIT
Q1/2010		1.3
Q1/2009		-5.8

Results for the fi rst quarter of 2010 thus confi rm that the positive trend we fi rst reported in mid-2009 has continued and is gaining momentum. Over the past two years, business in the US had been shaped by negative market conditions and a sharp decline in investment in residential, nonresidential and underground construction. In local currency (US dollar), Q1 revenue generated by our affi liate Wacker Neuson Corporation was up 45.9 percent on the previous year's level. Business in Canada, Mexico and South America also profi ted from the upbeat market. Due to a rise in order intake, we increased headcount slightly in the US in March.

Signifi cant revenue increase in Asia

In the Asia region, revenue during the fi rst quarter of 2010 rose 25.7 percent relative to the same period last year, up from EUR 5.9 million to EUR 7.4 million. Profi t before interest and tax (EBIT) totaled EUR 0.05 million (previous year: EUR 0.1 million). This region's share of total revenue rose from 4.3 percent to 4.9 percent.

Asia
Q1 2010 and 2009
in € million
Sales
Q1/2010	7.4
Q1/2009	5.9
EBIT
Q1/2010	0.05
Q1/2009	0.1

Overall, construction markets showed signs of recovery in the region Asia, especially in Australia and New Zealand. Our business in Asia profi ted from the large number of infrastructure measures driving the expansion of road and rail networks. Light equipment from the demolition fi eld – above all gasoline breakers – was in particular demand in China for rail track construction.

Results for the light equipment, compact equipment and services segments

Sales by business segment

in € K	Jan. 1 – Mar. 31, 2010	Jan. 1 – Mar. 31, 2009
Segment revenue from external customers
Light Equipment	59,286	45,700
Compact Equipment	54,956	54,672
Services	37,222	38,131
	151,464	138,503
Less cash discounts	-1,147	-1,225
Total	150,317	137,278

Sharp rise in revenue for light equipment

The light equipment business segment covers the Wacker Neuson Group's activities within the four strategic business fi elds of concrete technology, soil and asphalt compaction, demolition, and utility. This segment has been impacted by the crisis since the fall of 2007, where the effects were fi rst felt in our US market. We are pleased to report that revenue before discounts in this segment rose 29.7 percent to EUR 59.3 million during the fi rst three months of fi scal 2010 (previous year: EUR 45.7 million). This was particularly fuelled by increased activity as project backlogs started to clear. Although the starting baseline for this growth had dropped dramatically, it nevertheless confi rms that demand for our equipment is rising – a trend that we fi rst noted in mid-2009. This segment's share in total revenue was 39.1 percent (previous year: 33.0 percent).

The winter weather meant that our surface heaters from the utility segment were particularly well received by our customers. These products are manufactured in the US and also distributed and rented in Europe.

We continued to launch new products from this segment during Q1, including the DPU 130, the most powerful vibratory plate on the market. This innovative machine can easily do the job of a seven-ton roller, thus making it an extremely cost-effective option.

EuroTest award for WACKER NEUSON rebar tier

tion industry, has awarded the EuroTest prize to Wacker Neuson's DF 16 rebar tier in acknowledgement of its outstanding contribution to health and safety. According to BG Bau, the DF 16 has made an exemplary improvement to health and

Wacker Neuson just launched its DPU 130, the world's most powerful and modern vibratory plate. Featuring an entirely new base plate design with two base plates and separate, fully hydraulic exciters, the DPU 130 is extremely maneuverable for its size. The result is a plate with unique handling fl exibility that allows it to turn corners and remain stationary, for example. It also enables operators to continuously adjust speed without impacting the machine's exceptional responsiveness

In its range of telehandlers, Kramer just launched its new Allrad 2506 telehandler on bauma 2010. With its 2506 telehandler, Kramer has a machine with such compact dimensions that even narrow passageways are child's play for this Kramer telehandler. With a maximum lift height of 5.75 m, the 68 hp workhorse will prove an attractive option in many market segments. The new machine is a direct answer to concrete customer needs. The trade fair visitors were delighted.

Increased order intake for compact equipment

In the fi rst three months of 2010, revenue before discounts in the compact equipment segment (which covers the manufacture and sale of compact equipment up to a weight of around 14 tons) rose slightly from EUR 54.7 million to EUR 55.0 million. This segment's share in total revenue was 36.3 percent (previous year: 39.5 percent).

Accumulated orders rose steeply to outperform the fourth quarter of 2009 by 60 percent. In our view, this was primarily fuelled by increased demand from our customers and was only partly due to a build-up of stock. We expect the full impact to be recognized in revenue and earnings over the next two quarters, especially bearing in mind that Q1 was also subject to delivery delays resulting from delivery diffi culties among our suppliers. Parts such as steering columns and hydraulic components for wheel loaders were delivered late in this period. Relative to the same quarter last year, accumulated orders were up by over 100 percent.

The company continued to implement measures aimed at launching compact equipment via the global sales and service network. This included introducing selected products in Italy and Sweden.

Price erosion did not increase in the fi rst quarter, but the compact equipment segment continues to feel the effects of the price squeeze. During Q1, we continued to successfully implement special fi nancing options for customers.

The fi rst quarter saw us launch a range of new compact machines that provide signifi cant added value for customers. These include fi ve wheel loaders, one tele wheel loader, two compact telescopic handlers under the Kramer Allrad brand and the 14504 compact track excavator from Wacker Neuson – the most powerful machine in the 14-ton class to date.

Following a downturn in investment during the second half of 2009, demand for agricultural products has again picked up. Order intake has also risen in this segment, fuelled also by new product launches in fall 2009. Compact equipment for the agricultural sector accounted for 15.2 percent of revenue (previous year: 19.7 percent).

Long winter dampens rental business in services segment

Revenue before discounts in the services segment, which comprises the business fi elds rental (Central and Eastern Europe) and after-market (repair and maintenance), fell slightly during the fi rst quarter. Figures here dropped marginally by 2.4 percent in the period under review to EUR 37.2 million (previous year: EUR 38.1 million). This segment's share in total revenue was thus 24.6 percent (previous year: 27.5 percent).

Revenue in the after-market business fi eld (which covers the traditional repair and spare parts business) remained more or less level with the same period last year at EUR 28.4 million (previous year: EUR 28.3 million). We increased spare parts prices by three percent on April 1, 2010.

Revenue generated by the rental business in Central and Eastern Europe fell 10.2 percent from EUR 9.9 million to EUR 8.9 million, primarily due to a delayed start to the construction season as a result of the harsh winter in Europe.

Other factors that impacted on results

Rise in demand leads to improved utilization of production capacity

The rise in demand for our products resulted in higher output at our manufacturing facilities. We have maintained our 24- to 48-hour delivery timeframe for products in the light equipment business segment. Delivery times for compact equipment range between four to fi ve months.

Reduction of short-time work

At March 31, 2010, Group headcount totaled 3,090 (same period last year: 3,375; December 31, 2009: 3,059). This fi gure does not refl ect the actual number of employees, but the number of positions as calculated on a full-time basis. The drop in headcount in comparison to the same quarter last year is due to the measures implemented in 2009 to reduce manpower capacity. The Group was able to utilize fl exitime options and reduce short-time work in order to ramp up production. As a result, only around seven percent of positions at our production facilities worldwide were affected by short-time work (previous year: 23 percent; December 31, 2009: 15 percent).

Price of raw materials rises

The price of raw materials, especially steel, increased. However, this did not have a signifi cant impact on the company's manufacturing costs due to long-term contracts.

Preparations for bauma, the world's largest construction machine trade fair

During the fi rst quarter of 2010, the Group was busy preparing for bauma, the most important construction equipment trade fair worldwide. Wacker Neuson showcased a

range of innovative products at the exhibition, which was held in Munich in April 2010 and proved a great success for the company.

Group maintains research and development level

Research and development costs in the fi rst quarter amounted to EUR 5.2 million (previous year: EUR 6.0 million). The research and development ratio was at 3.4 percent (previous year: 4.3 percent).

Changes to the opportunity and risk situation

In the fi rst quarter of 2010, the Wacker Neuson Group continued to implement its risk management system as a key steering tool for business decisions and processes. This system covers planning for each of the core business segments and comprehensive Group reporting covering all business processes and affi liates. These reports are regularly analyzed, discussed and evaluated and made available to all decision-makers. The system also includes process defi nitions for all business segments and Group auditing. The internal controlling and risk management system is described in detail in the consolidated fi nancial statements for 2009.

The company has identifi ed the following risks to the Wacker Neuson Group as of March 31, 2010 that deviate from the 2009 consolidated fi nancial statements:

From the company's perspective, there is an increased risk of losing suppliers due to insolvency. There is also an increased risk of delayed deliveries or fi nancial problems on the part of suppliers. This may affect our ability to deliver products on time. Supply bottlenecks may also result in increased prices. We are counteracting these risks by maintaining especially close ties with our suppliers as well as involving them more in the planning process.

We are not currently aware of any other signifi cant risks to the Wacker Neuson Group. We have not identifi ed any individual or collective risks to our continued existence as a going concern that might negatively affect individual companies within the Group or the Group as a whole in the foreseeable future.

Supplementary report

The Wacker Neuson Group presented its portfolio at bauma,the world's largest construction machine trade fair held in April 2010 in Munich. The high-quality, innovative products distributed under the Wacker Neuson and Kramer Allrad brands were extremely well received by our customers. The large number of new and next-generation products refl ects the forward-looking, sustainable focus of our development activities. The number of contracts concluded this year was up signifi cantly on fi gures for the last bauma in 2007, which was a boom year. Our direct sales team closed 25 percent more deals. This fi gure does not include the results achieved by our dealers. The scheduled costs of around EUR 2.0 million will be recognized in the second quarter.

There have been no signifi cant events since the reporting date that could have an impact on future Wacker Neuson Group business development.

Outlook

Experts predict upturn in 2010

According to experts, prospects for the global economy and worldwide trade are more positive for the current fi scal year. Overall current predictions indicate that dynamic developments in countries such as India and China will help the global economy overcome the fi nancial and economic crisis.

Prospects for economic recovery over the current fi scal year are good in almost all EU states. Experts predict GDP for Western and Eastern Europe to improve slightly. However, stringent lending policies will continue to dampen companies' propensity to invest. Growth is also forecast for the Middle East and Africa.

Experts predict a 1.7 percent rise in GDP for Germany. However, the crisis is expected to squeeze the revenue and profi t of many companies, which will also compound the credit crunch here. The number of insolvencies may also rise. According to economic institutes, a great deal of work still has to be done by politicians and the fi nancial community to put the overall economy back on the path to sustainable recovery. In particular, the danger of interest rates and prices rising too quickly remains a risk here.

Positive outlook for the construction and agricultural industries

The fi rst signs of recovery are also starting to show in the global construction industry. This trend was also visible at bauma, the world's largest construction machine trade fair, which was held in Munich in April of this year.

Stabilization of the US property market remains a key prerequisite for recovery of the American construction industry. According to the Association of Equipment Manufacturers (AEM), investment in private construction is set to increase in 2010.

Infrastructure projects are scheduled in many European countries, with investment funds earmarked for the expansion of road, rail, transport and telecommunications networks. Government schemes aimed at promoting infrastructure and public education projects, which were not fully exploited by the industry in 2009, will also provide further impetus here. We regard Eastern Europe as a promising growth market for the construction industry, due on the one hand to EU subsidies and, on the other, to public funds aimed at bolstering infrastructure (road, rail and telecommunications networks). We also identify potential in our strategy to launch compact equipment in countries where we have not sold this equipment in the past, as well as in the expansion of our rental business in Central and Eastern Europe. Construction activity is expected to increase significantly during the second quarter, particularly as the backlog of construction projects delayed by the weather clears.

According to the German Engineering Federation (VDMA), construction machine manufacturers will see revenue rise this year by fi ve percent.

The agricultural sector is continuing to move toward larger holdings in Europe. This is fuelling a rise in rationalization investments, fl anked by EU agricultural subsidies. Experts continue to predict an increase in the mechanization of land cultivation. Improved prospects for the agricultural sector are closely linked to global economic recovery. Growth in Asia, for example, is creating opportunities for increased agricultural sales, also on international markets. The rise in milk pricing is another factor behind the positive outlook for the agricultural sector. According to one survey, around 60 percent of dairy farmers looking to make investments are planning on expanding their operations. This is in turn fuelling long-term demand for agricultural equipment on a global scale.

Positive business development expected for 2010

At present, the Wacker Neuson Group expects the construction and agricultural sectors to remain on the path to recovery and is even confi dent that this trend could further improve during the second half of the year. We also expect further positive impetus during the current fi scal year from investment backlogs plus extensive economic recovery packages, primarily in the US. Despite the upturn in business in March as well as an increase in orders for compact equipment and encouraging feedback from bauma 2010, we do not yet intend to change our forecast of an overall growth in revenue of at least fi ve percent for the entire year. We expect profi t before interest, tax, depreciation and amortization (EBITDA) to rise and are looking to return to the profi t zone at operative level.

We are proactively implementing measures to counter delivery problems on the part of our suppliers. We are maintaining regular contact with our business partners and suppliers in order to jointly develop forward-looking solutions that refl ect the current rise in demand. We have not ruled out providing fi nancial support for key suppliers should this be required to guarantee on-time delivery of products.

Although we predict that the current upturn in business in the US will continue, we do not expect larger rental companies to make major investments until the second half of the year at the earliest – this may even extend into 2011. We therefore intend to continue implementing measures for launching compact equipment in the US market and establishing a network of exclusive Wacker Neuson dealers. We will also be expanding this concept to South America and the Middle East.

Under the umbrella of our Farm Mobility concept, we will be launching machines from our compact equipment range in the agricultural sector under the Weidemann brand. This move will also open up new growth opportunities. The production plant in Gotha is set to become a European used equipment center and a repairs hub for all Group-brand products.

We expect the measures we implemented last year to have a further impact on our cost structure during the course of 2010. We intend to fl exibly adjust manpower capacity to meet the rise in orders and therefore increase HR capacity slightly. We are looking to cancel all remaining short-time work schemes in May 2010.

The Wacker Neuson Group is fi nancially stable with liquidity of EUR 66.3 million and an equity ratio of 78.9 percent. We again aim to fi nance day-to-day operations in the current fi scal year with operative cash fl ow.

Acquisitions and partnerships will continue to be part of our medium-term strategy insofar as these strengthen our product offering and provide added value to our customers or enable us to expand our international footprint.

Munich, May 7, 2010 Wacker Neuson SE

The Executive Board

Dr.-Ing. Georg Sick (CEO and President)

Martin Lehner (Deputy CEO)

Richard Mayer

Günther C. Binder

Werner Schwind

Income Statement

January 1 through March 31

	Jan. 1 –	Jan. 1–
in € K	Mar. 31, .2010	Mar. 31, 2009
Revenue	150,317	137,278
Cost of sales	- 104,734	- 105,513
Gross profi t	45,583	31,765
Sales and service expenses	- 34,086	- 37,463
Research and development expenses	- 5,161	- 5,965
General administrative expenses	- 13,075	- 13,338
Other income	1,901	4,552
Other expenses	- 1,085	- 2,102
Profi t before interest and tax (EBIT)	- 5,923	- 22,551
Financial result	- 774	- 422
Profi t before tax (EBT)	- 6,697	- 22,973
Taxes on income	1,028	6,408
Profi t before minority interests	- 5,669	- 16,565
Minority interests	- 53	- 46
Profi t for the period	- 5,722	- 16,611
Earnings per share in EUR	- 0,08	- 0,24

Total profi t/loss for the quarter

January 1 through March 31

	Jan. 1 – Mar. 31, 2010	Jan. 1 – Mar. 31, 2009
in € K
Profi t/loss for the quarter	- 5,669	- 16,565
Items not recognized in profi t/loss for the period:
Exchange differences	9,361	5,477
Securing cash fl ows:
Losses incurred in the current period	- 224	- 1,002
Tax effects from items in total profi t/loss for the period	72	320
Items not recognized in profi t/loss after tax for the period	9,209	4,795
Total profi t/loss after tax for the period	3,540	- 11,770
Of which are attributable to:
- Shareholders in the parent company	3,487	- 11,816
- Minority interests	53	46
Total profi t/loss after tax for the period	3,540	- 11,770

Balance Sheet

As at March 31

in € K	March 31, 2010	December 31, 2009
Assets
Property, plant and equipment	284,156	267,408
Investment property	2,557	2,618
Goodwill	236,432	236,016
Intangible assets	88,391	87,624
Other investments	4,144	4,144
Deferred taxes	16,003	13,344
Other non-current assets	20,870	21,542
Total non-current assets	652,553	632,696
Inventories	157,784	148,301
Trade receivables	116,168	90,837
Current tax receivables	2,472	6,165
Other current assets	12,226	8,715
Cash and cash equivalents	66,299	85,024
Total current assets	354,949	339,042
Total assets	1,007,502	971,738

Equity and liabilities
Subscribed capital	70,140	70,140
Other reserves	595,117	585,908
Retained earnings	127,279	133,001
Equity before minority interests	792,536	789,049
Minority interests	2,526	2,473
Total equity	795,062	791,522
Long-term borrowings	40,900	33,583
Deferred taxes	25,499	25,530
Long-term provisions	30,466	30,167
Total non-current liabilities	96,865	89,280
Trade payables	40,848	21,251
Short-term borrowings from banks	15,377	14,889
Current portion of long-term borrowings	12,037	11,698
Short-term provisions	10,536	13,583
Current tax payable	1,253	413
Other current liabilities	35,524	29,102
Total current liabilities	115,575	90,936
Total liabilities	1,007,502	971,738

Statement of Changes in Equity

As at March 31

in € K	Subscri bed capital	Capital reserves	Exchange diffe rences	Other neutral changes	Retained earnings	Equity before minority interests	Minority interests	Total equity
Balance at
December 31, 2008	70,140	618,397	- 36,914	1,033	256,432	909,088	2,731	911,819
Total profi t for the period	0	0	5,477	- 682	- 16,611	- 11,816	46	- 11,770
Balance at March 31, 2009	70,140	618,397	- 31,437	351	239,821	897,272	2,777	900,049
Balance at Dezember 31, 2009	70,140	618,661	- 32,495	- 258	133,001	789,049	2,473	791,522
Total profi t for the period	0	0	9,361	- 152	- 5,722	3,487	53	3,540
Balance at March 31, 2010	70,140	618,661	- 23,134	- 410	127,279	792,536	2,526	795,062

Cash Flow Statement

January 1 through March 31

	Jan. 1 –	Jan. 1 –
in € K	March 31, 2010	March 31, 2009
EBT	- 6,697	- 22,973
Depreciation and amortization	9,594	10,260
Foreign exchange result	4,102	3,016
Gains/losses from sale of intangible assets and property, plant and equipment	273	- 20
Book value from the disposal of rental equipment	1,441	1,502
Gains/losses from derivates (cash fl ow hedging)	- 152	- 682
Financial result	774	422
Changes in inventories	- 9,483	4,811
Changes in trade receivables and other assets	- 27,526	9,081
Changes in provisions	- 2,748	2,992
Changes in trade payables and other liabilities	26,980	- 4,514
Interest paid	- 1,087	- 1,396
Income tax received	1,889	415
Interest received	340	898
Cash fl ow from operating activities	- 2,300	3,812
Purchase of property, plant and equipment	- 22,966	- 7,251
Purchase of intangible assets	- 2,257	- 1,262
Proceeds from the sale of property, plant and equipment and intangible assets	88	169
Cash fl ow from investing activities	- 25,135	- 8,344
Proceeds/income from short-term borrowings	7,493	14,041
Cash fl ow from fi nancing activities	7,493	14,041
Increase/decrease in cash and cash equivalents	- 19,942	9,509
Effect of exchange rates on cash and cash equivalents	1,217	727
Change in cash and cash equivalents	- 18,725	10,236
Cash and cash equivalents at beginning of period	85,024	37,339
Cash and cash equivalents at end of period	66,299	47,575

Segmentation

January 1 through March 31

Primary segmentation (geographical segments)

in € K	Europe	Americas	Asia	Consolidation	Group
Q1 2010
Segment revenue
Total external sales	159,846	50,535	9,854
Less intrasegment sales	- 39,612	- 8,527	- 338
	120,234	42,008	9,516
Intersegment sales	- 10,257	- 9,051	- 2,133
Total	109,977	32,957	7,383	0	150,317
EBIT	- 5,747	1,305	- 53	- 1,428	- 5,923
EBITDA	2,589	2,416	99	- 1,433	3,671
Net fi nancial debt	- 4,783	11,892	- 3,057	- 2,037	2,015
Working capital	162,006	70,594	12,214	- 11,710	233,104
Q1 2009
Segment revenue
Total external sales	155,716	34,731	7,750
Less intrasegment sales	- 40,333	- 4,399	- 194
	115,383	30,332	7,556
Intersegment sales	- 7,798	- 6,515	- 1,680
Total	107,585	23,817	5,876	0	137,278
EBIT	- 15,321	- 5,839	56	- 1,447	- 22,551
EBITDA	- 6,483	- 4,582	228	- 1,454	- 12,291
Net fi nancial debt	45,400	22,292	3,009	- 8,000	62,701
Working capital	210,623	74,924	12,754	0	298,301

Sales by business segment

	Jan. 1 –	Jan. 1 –
in € K	March 31, 2010	March 31, 2009
Segment revenue from external customers
Light Equipment	59,286	45,700
Compact Equipment	54,956	54,672
Services	37,222	38,131
	151,464	138,503
Less cash discounts	-1,147	-1,225
Total	150,317	137,278

Selected explanatory notes to the interim fi nancial statements for the fi rst quarter 2010

Accounting rules

The Wacker Neuson SE consolidated interim fi nancial statements to March 31, 2010 have been prepared in accordance with International Financial Reporting Standards (IFRS) and their interpretation as valid on the reporting date and applicable to the EU. The statements adhere to International Accounting Standard (IAS) 34 for condensed statements.

All interim fi nancial statements of the domestic and foreign companies included in the consolidated statements were prepared according to the standardized Wacker Neuson SE accounting principles and valuation methods.

As an information instrument, this interim report builds on the consolidated fi nancial statements. We therefore refer to the notes to the consolidated statements of December 31, 2009. The comments there also apply to the quarter and half-year statements for fi scal 2010, unless explicitly stated otherwise.

The general accounting principles and valuation methods used for the fi scal 2009 consolidated statements have also been applied to these interim fi nancial statements.

Legal changes to company structure

The Finnish affi liate Wacker Neuson Oy in Kerava is set to close in fi scal 2010.

The New Zealand affi liate Wacker Neuson Ltd. in Auckland is also set to close during the course of fi scal 2010.

These scheduled closures will not have a signifi cant impact on the Group's assets, liabilities, fi nancial position and profi t/loss.

Seasonal fl uctuations

The annual analysis of the distribution of consolidated revenue reinforces the assumption that seasonal fl uctuations in the Group only have a minor impact.

The quarterly distribution of consolidated revenue from fi scal 2006 through 2009 was as follows:

in %	2009	2008	2007	2006
Q1	23	26	24	24
Q2	26	28	28	27
Q3	25	24	25	25
Q4	26	22	23	24

Here it must be noted that revenue from the Neuson Kramer subgroup, which merged with Wacker on October 1, 2007, is not included in the 2007 and 2006 fi gures. However, it is included in the fi gures for 2008 and 2009.

Earnings per share

In accordance with International Accounting Standard (IAS) 33, earnings per share are calculated by dividing the consolidated earnings by the average number of shares. There was no share dilution effect in the reporting periods shown.

	2010	2009
Q1
Quarterly earnings attributable to shareholders in € K	- 5,722	- 16,611
Weighted average number of ordinary shares in circulation during the period in thousands	70,140	70,140
Earnings per share in EUR	- 0.08	- 0.24

Important events

At the AGM on May 28, 2010, the Executive and Supervisory Boards of Wacker Neuson SE will propose that no dividend be paid out for fi scal 2010.

The differences of opinion within the Supervisory Board have now been permanently settled by mutual consent. Mr. Neunteufel remains Chairman of the Supervisory Board of the company.

A provision of EUR 1.7 million has been posted for legal and consultation costs in connection with this dispute (December 31, 2009: EUR 0.2 million).

Events since the interim statements reporting date

There have been no further signifi cant events since the interim statements reporting date.

Munich, May 7, 2010

The Executive Board

Dr.-Ing. Georg Sick (CEO and President)

Martin Lehner Richard Mayer (Deputy CEO)

Günther Binder Werner Schwind

Review Report by the Auditors

To Wacker Neuson SE, Munich, Germany

"We have reviewed the condensed consolidated interim fi nancial statements of the Wacker Neuson SE, comprising the condensed income statement, the condensed statement of comprehensive income, the condensed balance sheet, the condensed cash fl ow statement, the condensed statement of changes in equity as well as selected explanatory notes, together with the interim group management report of the Wacker Neuson SE for the period from January 1 to March 31, 2010 that are components of the quarterly fi nancial report pursuant to § 37x Abs. 3 WpHG (German Securities Trading Act). The preparation of the condensed consolidated interim fi nancial statements in accordance with those IFRS applicable to interim fi nancial reporting as adopted by the EU, and of the interim group management report in accordance with the requirements of the WpHG applicable to interim group management report, is the responsibility of the Company´s management. Our responsibility is to issue a report on the condensed consolidated interim fi nancial statements and on the interim group management report based on our review.

We performed our review of the condensed consolidated interim fi nancial statements and the interim group management report in accordance with German generally accepted standards for the review of fi nancial statements promulgated by the Institut der Wirtschaftsprüfer (IDW). Those standards require that we plan and perform the review so that we can preclude through critical evaluation, with a certain level of assurance, that the condensed consolidated interim fi nancial statements have not been prepared, in material aspects, in accordance with the IFRS applicable to interim fi nancial reporting as adopted by the EU, and that the interim group management report has not been prepared, in material aspects, in accordance with the requirements of the WpHG applicable to interim group management reports. A review is limited primarily to inquiries of company employees and analytical assessments and therefore does not provide the assurance attainable in a fi nancial statement audit. Since, in accordance with our engagement, we have not performed a fi nancial statement audit, we cannot issue an auditor´s report.

Based on our review, no matters have come to our attention that cause us to presume that the condensed consolidated interim fi nancial statements have not been prepared, in all material respects, in accordance with the IFRS applicable to interim fi nancial reporting as adopted by the EU, or that the interim group management report has not been prepared, in all material respects, in accordance with the requirements of the WpHG applicable to interim group management reports."

Munich, May 7, 2010

Rölfs WP Partner AG Wirtschaftsprüfungsgesellschaft

Reinke Jagosch Wirtschaftsprüfer (Public Auditor)

Wirtschaftsprüfer (Public Auditor)

Income Statement

Effects from Purchase Price Allocation (PPA) ¹

in T€	Jan.1– Mar. 31, 2010	PPA	Jan.1– Mar. 31, 2010
Wacker Neuson	without PPA1		with PPA1
Revenue	150,317		150,317
Cost of sales	- 104,731	- 3	- 104,734
Gross profi t	45,586	- 3	45,583
Sales and service expenses	- 34,086		- 34,086
Research and development expenses	- 4,371	- 790	- 5,161
General administrative expenses	- 12,991	- 84	- 13,075
Other income	1,901		1,901
Other expenses	- 1,085		- 1,085
Profi t before interest and tax (EBIT)	- 5,046	- 877	- 5,923
Financial result	- 696	- 78	- 774
Profi t before tax (EBT)	- 5,742	- 955	- 6,697
Taxes on income	775	253	1,028
Profi t before discontinued operations, minority interests	- 4,967	- 702	- 5,669
Minority interests	- 67	14	- 53
Profi t for the period	- 5,033	- 689	- 5,722
Profi t before interest and tax (EBIT)	- 5,046	- 877	- 5,923
Depreciation and amortization	8,717	877	9,594
EBITDA	3,671	0	3,671

Incl. PPA = Purchase price allocation. Purchase price allocation describes the process where purchase costs resulting from acquisitions are allocated to individually acquired assets, liabilities and contingent liabilities, which are measured at fair value.

Financial Calendar/IR Contact

Kontakt

Wacker Neuson SE

Ressort Investor Relations Preussenstrasse 41 80809 Munich Germany

Phone +49 - (0)89 - 354 02 - 173 Fax +49 - (0)89 - 354 02 - 203

ir@wackerneuson.com www.wackerneuson.com

Publishing Details

Issued by: Wacker Neuson SE, Ressort Investor Relations

Concept & Design: Kirchhoff Consult AG, Munich, Germany

Content: Wacker Neuson SE

Financial Calendar 2010

May 28	AGM, Munich, Germany
August 13	Publication of half-year report 2010
November 12	Publication of nine-month 2010

Disclaimer

This three-month report contains forward-looking statements which are based on the current estimates and assumptions by the corporate management of Wacker Neuson SE. Forward-looking statements are characterized by the use of words such as expect, intend, plan, predict, assume, believe, estimate, anticipate and similar formulations. Such statements are not to be understood as in anyway guaranteeing that those expectations will turn out to be accurate. Future performance and the results actually achieved by Wacker Neuson SE and its affi liated companies depend on a number of risks and uncertainties and may therefore differ materially from the forward-looking statements. Many of these factors are outside the Company's control and cannot be accurately estimated in advance, such as the future economic environment and the actions of competitors and others involved in the marketplace. The Company neither plans nor undertakes to update any forward-looking statements.

All rights reserved. Valid May 2010. Wacker Neuson SE accepts no liability for the accuracy and completeness of information provided in this brochure. Reprint only with the written approval of Wacker Neuson SE in Munich, Germany. The German version shall govern in all instances. In the event of discrepancies between the German and the English version, the German version shall prevail.

Wacker Neuson SE Preussenstrasse 41 80809 Munich Germany Tel. +49 - (0)89 - 354 02 - 0 Fax +49 - (0)89 - 354 02 - 390 www.wackerneuson.com