DGAP-News

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).

At EUR 297 million, preliminary Group revenue for the fourth quarter of
2013 increased by 6.5 percent relative to the previous year's quarter and
by 7.5 percent relative to the third quarter of 2013 (Q4 2012: EUR 279
million; Q3 2013: EUR 276 million). The Q4 2013 EBITDA margin is estimated
at 14.3 percent, up from 11.2 percent the previous year.

The first weeks of fiscal 2014 developed positively and the Executive Board
expects further growth in fiscal 2014.