DGAP-News: Wacker Neuson SE: Wacker Neuson: Publication Q1 report 2012
(firmenpresse) - DGAP-News: Wacker Neuson SE / Key word(s): Quarter Results/Forecast
Wacker Neuson SE: Wacker Neuson: Publication Q1 report 2012
10.05.2012 / 08:00
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Strong start to the year for Wacker Neuson
Double-digit revenue growth in Q1 - confirmation of forecast for 2012
(Munich, May 10, 2012) The Wacker Neuson Group has significantly increased
revenue and earnings for Q1 2012 relative to the same quarter last year.
Wacker Neuson confirms its forecast for 2012.
Strong start to the year for Wacker Neuson
Business development during the first quarter of 2012 was very positive
across the Wacker Neuson Group. At EUR 274.0 million, the Group increased
revenue by 29.3 percent relative to the same quarter last year (previous
year: EUR 211.8 million). Revenue was also up on the high figure reported
for Q4 2011 (EUR 264.0 million). In fact, Q1 2012 produced the Group's
highest revenue figure ever. 'The compact equipment segment and the
Americas region were our two strongest growth drivers, reporting revenue
gains of 51 percent and 34 percent respectively relative to the previous
year's quarter,' explains Cem Peksaglam, Wacker Neuson CEO. 'Our expansion
strategies are gaining traction. Despite general economic uncertainty in
individual markets, they will continue to secure our success over the
coming year.' Revenue generated by agricultural equipment was up 41 percent
on the previous year. Demand for light equipment - utilities products in
particular - also rose during the first quarter of 2012, fueling a
20-percent rise in revenue in this segment.
Dynamic growth in core markets of Europe and the Americas
Wacker Neuson supplies a broad product and service portfolio to customers
across the globe. Europe continues to account for the lion's share of Group
revenue at 70 percent. 'The strong 29-percent increase in Group revenue in
Europe for the first three months of 2012 bears testament to the
competitiveness of our innovative product portfolio and the efficiency of
our organizational structures,' outlines Peksaglam. Growth hotspots beyond
German-speaking countries were concentrated in France, Denmark, Norway and
Poland as well as in South Africa and Russia - both of which are included
in the Europe segment. At 34 percent, growth in the Americas region was
slightly more pronounced than in Europe. The company's
performance in the US was bolstered by re-fleeting on the part of the
rental channel and by its success in further expanding its presence in
other target markets such as the energy and industrial sectors. In Q1 2012,
the Americas region thus accounted for 26 percent of total revenue.
Increase in profitability
Earnings grew faster than revenue during the first three months of the
year. Profit before interest, tax, depreciation and amortization (EBITDA)
rose 49.6 percent to EUR 38.8 million. This corresponds to an EBITDA margin
of 14.2 percent (prior-year quarter: EUR 25.9 million; EBITDA margin: 12.2
percent). Profit before interest and tax (EBIT) increased to EUR 26.3
million, while the EBIT margin climbed to 9.6 percent (previous year: EUR
14.9 million; 7.1 percent). At EUR 17.1 million, profit for the period was
almost double the prior-year figure of EUR 9.0 million.
Strategies for further profitable growth
To meet rising demand for its products, Wacker Neuson has invested in
production capacity for compact equipment. The company recently completed
the new production facility in Hörsching, near the city of Linz, in
Austria. 'Construction work lasted just 11 months from the silver-spade
ceremony in June 2011. We will be starting production here on May 10,
2012,' confirms Peksaglam.
Asia-Pacific is an important growth market for Wacker Neuson. Demand for
high-quality products is rising steadily in this region. 'We intend to
introduce light equipment products tailored to market needs in Asia, thus
bringing our high-quality portfolio to an even broader user base also in
this region,' continues Peksaglam. Wacker Neuson aims to strengthen its
presence in regions where it sees strong growth potential. These include
emerging markets, particularly in South America, Eastern Europe and Asia.
Confirmation of forecast
Wacker Neuson has confirmed its optimistic outlook for 2012, bolstered by
continued positive trends in its core markets of Central Europe and the
Americas. However, the Group does not expect growth rates for upcoming
quarters to be as dynamic as that reported for the first three months of
2012 (+29 percent). The Executive Board reaffirms its forecast for fiscal
2012 as a whole, expecting Group revenue to amount to around EUR 1.1
billion (a plus of 11 percent relative to the previous year) and the EBITDA
margin to reach at least 15 percent.
Key figures: Wacker Neuson Group
in EUR million Q1 2012 Q1 2011 DifferenceYour contact partner:
Revenue 274.0 211.8 +29.3%
EBITDA 38.8 25.9 +49.6%
EBITDA margin as a % 14.2 12.2 +2.0PP
EBIT 26.3 14.9 +76.3%
EBIT margin as a % 9.6 7.1 +2.5PP
Profit for the period 17.1 9.0 +90.5%
Earnings per share in EUR 0.24 0.13 +84.6%
Wacker Neuson SE
Katrin Yvonne Neuffer
Head of Corporate Communication/
Investor Relations
Preussenstr. 41
80809 Munich, Germany
Tel: +49-(0)89-35402-173
katrin.neuffer(at)wackerneuson.com
www.wackerneuson.com
About Wacker Neuson
The Wacker Neuson Group is a leading manufacturer of light and compact
equipment with over 40 affiliates and more than 140 sales and service
stations across the globe. Manufacturing activities are distributed across
three sites in Germany, one in Austria, a components manufacturing plant in
Serbia, two sites in the US and one in the Philippines. Products
manufactured by the company are branded Wacker Neuson. In Europe, the Group
also distributes compact equipment under the brand names Kramer Allrad and
Weidemann (agricultural machinery). With over 300 product categories and a
global spare parts service, Wacker Neuson is the partner of choice among
professional users in a wide range of industries including the
construction, gardening, landscaping and agriculture sectors, as well as
among municipal bodies and companies in the industrial, recycling and
energy sectors.
End of Corporate News
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Language: English
Company: Wacker Neuson SE
Preußenstr. 41
80809 München
Germany
Phone: +49 - (0)89 - 354 02 - 0
Fax: +49 - (0)89 - 354 02 - 390
E-mail: info(at)wackerneuson.com
Internet: www.wackerneuson.com
ISIN: DE000WACK012
WKN: WACK01
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart
End of News DGAP News-Service
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