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Wacker Neuson SE: Wacker Neuson Group continues on growth path

DGAP-News: Wacker Neuson SE / Key word(s): Quarter Results/Half Year
Results
Wacker Neuson SE: Wacker Neuson Group continues on growth path

04.08.2015 / 07:33

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Wacker Neuson Group continues on growth path

(Munich, August 4, 2015) Leading international light and compact equipment
manufacturer the Wacker Neuson Group has again reported record revenue and
earnings for the first half of 2015 despite challenging regional market
conditions. The Group remains committed to its forecast for 2015.

Record six months in 2015
Revenue for the first half of 2015 increased 14 percent relative to the
prior-year period to EUR 706.4 million (+8 percent when adjusted to
discount currency effects) and thus reached a new record high for the
period (H1/14: EUR 620.0 million). "Our business grew significantly despite
negative market developments in many countries, especially outside of the
US and Europe. This is due to our strong market position and our continued
commitment to implementing our strategy," explains Cem Peksaglam, CEO of
Wacker Neuson SE.

In Europe, revenue rose 11 percent compared with the previous year. The
region accounts for the lion's share of revenue at 72 percent. The largest
nominal increase came from the Americas region, which reported a 22-percent
rise in revenue. This figure was significantly affected by currency
effects, however (+3 percent when adjusted to discount these). Currency
effects also impacted the Asia-Pacific region, where revenue for the first
half of 2015 was 21 percent higher than the prior-year. When adjusted to
discount currency effects, the rise in revenue was 8 percent in that
region.

The compact equipment segment again proved to be the main growth driver in
the first half of 2015. Revenue for this segment increased by 25 percent
relative to the previous year (+22 percent when adjusted to discount
currency effects). Revenue from the light equipment segment rose 5 percent
and thus fell short of expectations. This was mainly attributable to
difficult market dynamics in countries such as Canada, Brazil, Chile,
China, Australia and Russia. Exchange rate effects had more of an impact on
this segment as a large part of revenue from light equipment is generated
outside of Europe. When adjusted to discount currency effects, revenue here
was thus 6 percent lower than in the previous year. Revenue for the
services segment, which covers the Group's repair and spare parts business,
increased 4 percent compared with the previous year. After discounting
currency effects, revenue for the segment remained at the same level as the