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Wacker Neuson SE: Wacker Neuson determined to remain on growth path in 2013 - Seite 2
figures. Profit before interest, tax, depreciation and amortization
(EBITDA) thus fell 36.1 percent in the first three months of the year to
EUR 24.8 million. This corresponds to an EBITDA margin of 9.7 percent
(prior-year quarter: EUR 38.8 million; EBITDA margin: 14.2 percent). Profit
before interest and tax (EBIT) was down at EUR 11.1 million and the EBIT
margin fell to 4.3 percent (prior-year quarter: EUR 26.3 million; EBIT
margin: 9.6 percent). Profit for the period thus amounted to EUR 6.4
million (prior-year quarter: EUR 17.1 million). 'The weak first quarter of
2013 shows just how volatile our industry has become. In 2012, we saw
revenue rise by 29 percent whereas this year, we have seen revenue fall. We
have to make our production processes even more flexible and leverage
synergies more actively across all areas of the Group to absorb these
extreme fluctuations more effectively,' adds Peksaglam.
Strategies for further profitable growth in place
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Wacker Neuson's product portfolio enjoys international reach. In the past
three years alone, the Group has channeled over EUR 300 million into new
production facilities, efficient production processes, sales and service
capabilities and ground-breaking product innovations. Wacker Neuson is
carving out new growth opportunities by increasing penetration in growth
markets, above all South America, Eastern Europe, Africa and Asia. To make
the most of this growth potential, it will further tailor its products and
services to the conditions and requirements of different regions. Wacker
Neuson is also focusing on increasing its presence in established markets
such as North America and Europe, which offers growth opportunities even
under the current difficult market conditions. 'Europe is a very diverse
market, varying dramatically from region to region. This is something that
all players - from manufacturers through dealers to customers - have to
deal with,' explains Peksaglam. 'The overall positive mood at bauma
together with developments in recent weeks give us every reason to be
optimistic about the remainder of the year.'
Wacker Neuson is confident that it will make up for the shortfall from the
first quarter as the year progresses. The overall forecast for the year
remains unchanged, with revenue expected to increase to around EUR 1.2
billion (2012: EUR 1,091 million) overall and the EBITDA margin to exceed
13.0 percent (2012: 13.0 percent).
Facts and figures: Wacker Neuson Group
three years alone, the Group has channeled over EUR 300 million into new
production facilities, efficient production processes, sales and service
capabilities and ground-breaking product innovations. Wacker Neuson is
carving out new growth opportunities by increasing penetration in growth
markets, above all South America, Eastern Europe, Africa and Asia. To make
the most of this growth potential, it will further tailor its products and
services to the conditions and requirements of different regions. Wacker
Neuson is also focusing on increasing its presence in established markets
such as North America and Europe, which offers growth opportunities even
under the current difficult market conditions. 'Europe is a very diverse
market, varying dramatically from region to region. This is something that
all players - from manufacturers through dealers to customers - have to
deal with,' explains Peksaglam. 'The overall positive mood at bauma
together with developments in recent weeks give us every reason to be
optimistic about the remainder of the year.'
Wacker Neuson is confident that it will make up for the shortfall from the
first quarter as the year progresses. The overall forecast for the year
remains unchanged, with revenue expected to increase to around EUR 1.2
billion (2012: EUR 1,091 million) overall and the EBITDA margin to exceed
13.0 percent (2012: 13.0 percent).
Facts and figures: Wacker Neuson Group
in EUR million_Q1 2013_Q1 2012_Difference
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