Wacker Neuson's Q1 2024 Results Dip as Predicted, Full-Year Revenue & EBIT Targets Hold Firm

• Wacker Neuson Group's Q1 2024 revenue was down 11.1% year-over-year to EUR 593.1 million
• The EBIT margin was at 6.2%, an increase of 1.1 PP compared to Q4 2023
• The company has implemented cost-cutting measures
• Net working capital remains high, with a focus on reducing inventories
• The full-year revenue and EBIT guidance for 2024 remains unchanged
• The company is facing economic slowdown in the construction and agricultural sectors, leading to a weaker order intake.

The next important date, Publication of Quarterly Report (Cut-off date Q1), at Wacker Neuson is on 07.05.2024.

The price of Wacker Neuson at the time of the news was 17,220EUR and did not change compared to the previous day.
14 minutes after the article was published, the price was 17,020EUR this corresponds to a minus of -1,16 % since publication.
At this time, the index SDAX was at 14.537,07PKT (+0,62 %).

Wacker Neuson

-0,75 %

-1,83 %

+0,82 %

+0,76 %

-17,15 %

-30,14 %

-23,00 %

+14,97 %

-28,63 %

ISIN:DE000WACK012WKN:WACK01

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