DGAP-News

Wacker Neuson SE: Wacker Neuson shareholders approve higher dividend - Seite 2

Peksaglam also discussed the current fiscal year. Performance in the first
quarter of 2014 was very good, as expected. Group revenue grew by 13
percent, or 17 percent when exchange rate fluctuations are discounted. "In
Europe, we benefitted from a sustained recovery in the construction
industry, a more positive outlook in the agricultural sector and a milder
than usual winter, and this - combined with a revival in the US
construction industry - contributed to our strong performance," summarized
Peksaglam. The compact equipment (+21 percent) and services (+20 percent)
segments saw particularly good growth, and profitability was another area
where the Group was able to make a strong gain.

Technology developments
At the AGM, CTO Martin Lehner outlined the technology trends in light of
the new EU emissions standards. He warned that all construction equipment
and engine manufacturers face stiff challenges. Products had already been
optimized to comply with stricter guidelines introduced in recent years.
Now, Wacker Neuson is taking a holistic approach in a bid to reduce fuel
consumption even further and make its equipment more environmentally
friendly. "We are looking at ways to improve efficiency by ensuring that
engine, hydraulics, tires, control technology and other components work
together seamlessly," explained Lehner. "At the same time, we want to
maximize process and resource efficiencies for our customers. Our goal is
to provide them with the optimum technology for their work process," Lehner
continued. Shareholders were able to see the latest innovations for
themselves at the stand of products on display at the Munich AGM.

Outlook and strategy
Shareholders were particularly interested in the company's future
development prospects. "After practically doubling our revenue over the
past four years, we want to continue on this growth curve in 2014 and
beyond. A growing international footprint will be one of the key enablers
here," declared Peksaglam. Apart from Europe and North America, the Group
will be increasingly focusing on selected emerging markets in Asia, Africa,
South America and south-eastern Europe in order to leverage future growth
potential. Cem Peksaglam confirmed Wacker Neuson's forecast for 2014, which
targets revenue growth of 8 to 12 percent (to reach between EUR 1.25 and
1.30 billion) and an EBITDA margin of between 13 and 14 percent.

The Group's robust financial shape also provides certainty and ensures
continuity. "A solid financial footing is a must for companies seeking to
maintain their technology leadership through innovation, further expand