DGAP-News

Wacker Neuson SE: Strong Q2 profit for Wacker Neuson in 2014 - Seite 2

also developed well. Our success here arises from the fact that our
innovative machines are meeting the need to increase efficiency and
productivity in the agricultural sector. Our double-digit increase in
revenue from agricultural equipment is further confirmation that we are on
the right path with our strategy to diversify into this area," continues
Peksaglam. The light equipment segment posted a 5-percent decrease in
revenue due to a drop in demand and currency fluctuations. Adjusted to
discount these fluctuations, revenue remained slightly above the previous
year's level. Revenue in the services segment grew by 10 percent.

Profit before interest, tax, depreciation and amortization (EBITDA) grew 33
percent to EUR 93.0 million (H1 2013: EUR 69.7 million). This corresponds
to an EBITDA margin of 15.0 percent (H1 2013: 11.9 percent). EBIT increased
by 57 percent to EUR 63.4 million (H1 2013: EUR 40.4 million), leading to
an improved EBIT margin of 10.2 percent (H1 2013: 6.9 percent). These
increases in profitability stem from sustainable measures introduced by the
Group to lower costs and optimize work processes.

Growth forecast for 2014 confirmed
The Group remains optimistic about the current year. "Strong traction from
established markets in Europe and North America, plus the momentum from our
current strategy path are all set to benefit our business over the current
year," explains Peksaglam. "Our order books are full and order intake for
compact equipment up to the end of June was 30 percent higher than the same
time last year." The Group is still predicting total revenue for the year
of EUR 1.25 to 1.30 billion (2013: EUR 1.16 billion). The EBITDA margin
should still be on target at 13 to 14 percent (2013: 13.2 percent) with
EBIT expected to lie between 8 and 9 percent (2013: 8.2 percent). The Group
has earmarked around EUR 85 million (2013: EUR 87 million) for investments
in fiscal 2014. EUR 53 million of this has already been invested in the
first six months of the year.


Table: Revenue and earnings

Key figures in EUR Million_Q2/14_Q2/13_Change_H1/14_H1/13_Change

Revenue_328.4_329.0_-0.2 %_620.0_586.1_5.8 %
Gross profit margin as a %_30.7_30.3_0.4 PP_30.1_29.8_0.3 PP
EBITDA_56.8_44.9_26.5 %_93.0_69.7_33.4 %
EBITDA margin as a %_17.3_13.6_3.7 PP_15.0_11.9_3.1 PP
EBIT_41.3_29.3_41.0 %_63.4_40.4_56.9 %
EBIT margin as a %_12.6_8.9_3.7 PP_10.2_6.9_3.3 PP
EBT_39.8_27.5_44.7 %_60.4_36.8_64.1 %
Total profit/loss for the period_28.2_18.5_52.4 %_42.5_24.9_70.7 %
Earnings per share in EUR_0.40_0.26__0.61_0.36