DGAP-News

Wacker Neuson SE: Wacker Neuson remains on growth path

DGAP-News: Wacker Neuson SE / Key word(s): 9-month figures/Quarter
Results
Wacker Neuson SE: Wacker Neuson remains on growth path

11.11.2014 / 06:43

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Wacker Neuson remains on growth path

(Munich, November 11, 2014) The Wacker Neuson Group reported a significant
rise in revenue and profit for the third quarter of 2014. Sales of light
and compact equipment were driven primarily by an upturn in business in
North America and by the Group's broad sales platform in Europe. Reflecting
its firm commitment to continued internationalization, the Wacker Neuson
Group is planning its first production line for compact equipment in the
US.

Strong profit in third quarter of 2014
Group revenue for the third quarter of 2014 amounted to EUR 316.2 million,
an increase of 14 percent relative to the previous year (Q3 2013: EUR 276.3
million). "The fact that we have been able to deliver such strong results
in this uncertain and volatile climate is down to our unwavering commitment
to our growth strategy. Here we are focusing not only on diversifying our
target markets but also on extending our international reach," explains Cem
Peksaglam, CEO of Wacker Neuson SE. Numerous new product launches in 2014
also contributed to the Group's sustained market success. These include new
zero-emissions battery-powered rammers and a zero-emissions compact
electric wheel loader. "Our strict cost control measures and ongoing
efforts to improve and streamline processes across all lines of business
also bolstered our earnings performance," highlights Peksaglam. Profit
before interest, tax, depreciation and amortization (EBITDA) grew 34
percent to EUR 55.1 million, resulting in an EBITDA margin of 17.4 percent
(Q3 2013: EUR 41.2 million; 14.9 percent). At EUR 40.1 million, profit
before interest and tax (EBIT) rose 51 percent, which corresponds to an
EBIT margin of 12.7 percent (Q3 2013: EUR 26.5 million; 9.6 percent).

All regions contributed to revenue growth in the third quarter of 2014.
Europe reported a plus of 14 percent while the Americas and Asia-Pacific
both saw revenue rise by 16 percent. "The US construction industry is
clearly picking up," continues Peksaglam. "Demand is also rising among
industrial firms and the energy sector in North America. This had a
positive impact on the light equipment segment during the third quarter,
with revenue generated from equipment such as generators, heaters, light
towers and compaction equipment growing 12 percent relative to the