DGAP-News

Wacker Neuson SE: 2014 a record year for the Wacker Neuson Group

DGAP-News: Wacker Neuson SE / Key word(s): Final Results/Forecast
Wacker Neuson SE: 2014 a record year for the Wacker Neuson Group

16.03.2015 / 09:55

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2014 a record year for the Wacker Neuson Group

(Munich, March 16, 2015) International light and compact equipment
manufacturer Wacker Neuson Group achieved record results for 2014 across
most key performance indicators. The Group met its increased profit and the
revenue forecast. The Wacker Neuson Group plans to continue the successful
expansion strategy in 2015.

Revenue rises to EUR 1.28 billion
Despite challenging market conditions, the Wacker Neuson Group reported a
rise in revenue and profits for 2014. Group revenue increased 11 percent to
a new record high of EUR 1.28 billion (2013: EUR 1.16 billion) and was thus
in line with the company's forecast (EUR 1.25 to 1.30 billion). Adjusted by
currency effects, this corresponds to a growth of 12 percent.

Business in Central Europe and North America was comparatively robust.
However, South America developed weaker than expected. "The fact that our
business in Europe grew by 12 percent despite regional weaknesses shows
that our strategy is delivering," explains Cem Peksaglam, CEO of Wacker
Neuson SE. "In North America, a vigorous economy and the expansion of our
dealer network helped drive growth in the region." Revenue for the Americas
grew by 9 percent (11 percent when adjusted by currency effects), while
revenue in the Asia-Pacific region increased by 8 percent (also 11 percent
when adjusted by currency effects). All regions thus achieved double-digit
growth relative to the previous year in local currencies.

Breaking business down by segment, compact equipment was again the growth
driver (share of total Group revenue: 47 percent), reporting a 17-percent
increase on the previous year. "Broadening the reach of our compact
equipment within Europe and beyond is paying dividends. We are gaining many
new users in the agricultural and construction sectors. Companies in the
gardening and landscaping sectors as well as municipal bodies and other
industries are also investing in compact, powerful machines which increase
the efficiency of their operations," explains Peksaglam. The light
equipment segment (revenue share: 32 percent) reported 4-percent growth
relative to the previous year (6 percent when adjusted by currency
effects). Revenue in the services segment - which includes service and