EQS-News: Wacker Neuson Group publishes nine month figures – Focus on measures to increase profitability in 2025
EQS-News: Wacker Neuson SE
/ Key word(s): Quarterly / Interim Statement/Quarter Results
Wacker Neuson Group publishes nine month figures – Focus on measures to increase profitability in 2025
Munich, November 14, 2024 – Wacker Neuson Group, a leading manufacturer of light and compact equipment, published the financial report for the first nine months of 2024 today. The ongoing weak market environment continues to impact the Wacker Neuson Group's revenue and earnings. Full dealer stocks still lead to a low order intake, which is reflected in a weak third quarter. From July to September revenue development was inconsistent. In August, revenue reached its lowest point of the year so far, among other things due to seasonal effects. In order to counteract the year-on-year decline in revenue, the Wacker Neuson Group has introduced the “Fit for 2025” measures at an early stage, which strengthens sales and reduces costs. Nevertheless, so far this has not been enough to fully offset the revenue decline. Group revenue for the first nine months was at EUR 1,722.4 million corresponding to a decrease of 14.5 percent compared to the previous year (9M/2023: EUR 2,013.9 million). The EBIT (earnings before interest and taxes) margin was at 6.3 percent (9M/2023: 11.9 percent). The positive free cash flow trend continued and the free cash flow was at EUR 91.5 million (9M/2023: EUR -40.9 million) driven in particular by net working capital reduction. In view of the developments in the third quarter, the Executive Board adjusted the revenue and EBIT guidance for the full year 2024: “The market remains weak, which is why we are implementing a comprehensive list of measures to counteract this and also positioning ourselves in the best way possible for 2025. At the same time, current market indicators and persistently high dealer stocks show that we have to adjust our revenue and EBIT guidance,” explains Dr. Karl Tragl, Chairman of the Executive Board and CEO of the Wacker Neuson Group.
Results for the first nine month of 2024 in detail:
Guidance 2024 adjusted due to persistent economic downturn: In light of the weak market development, the Executive Board decided to adjust the full-year 2024 guidance. The Wacker Neuson Group now expects revenue between EUR 2,200 and 2,300 million (previously between EUR 2,300 and EUR 2,400 million) and an EBIT margin of 5.5 to 6.5 percent. (previously between 6.0 and 7.0 percent). The expected investments for the full year remain at around EUR 100 million. The net working capital ratio expectation remains unchanged at around 34 percent at the end of the year. The forecast reflects business development in the first nine months of 2024 and also takes into account the fact that the market trend is not expected to reverse in the remaining weeks of the year.
Key figures of Wacker Neuson Group
Management call and webcast A management call and webcast for institutional investors, analysts and members of the press is scheduled for November 14, 2024 at 1:00 p.m. CET to present the 9M/2024 results, followed by a Q&A session. Registration for the event is possible after contacting ir@wackerneuson.com. A replay will be available later on the Wacker Neuson Group website.
Contact: Wacker Neuson SE Peer Schlinkmann Investor Relations Preussenstrasse 41 80809 Munich, Germany Tel. +49-(0)89-35402-1823 ir@wackerneuson.com www.wackerneusongroup.com
The Wacker Neuson Group's complete quarterly report for Q3/2024 is available at the following link: https://wackerneusongroup.com/investor-relations For press images relating to the Wacker Neuson Group, please see
The Wacker Neuson Group is an international network of companies, employing around 6,300 people worldwide. In fiscal 2023, the Group achieved revenue of EUR 2.7 billion. As a leading manufacturer of light and compact equipment, the Group offers its customers a broad portfolio of products, a wide range of services and an efficient spare parts service. Wacker Neuson Group is the partner of choice among professional users in construction, gardening, landscaping and agriculture, as well as among municipal bodies and companies in industries such as recycling and rail transport. The product brands Wacker Neuson, Kramer and Weidemann belong to the Group. Wacker Neuson SE shares are listed on the regulated Prime Standard segment of the Frankfurt Stock Exchange (ISIN: DE000WACK012, WKN: WACK01) and are member of the SDAX.
14.11.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
Language: | English |
Company: | Wacker Neuson SE |
Preußenstr. 41 | |
80809 München | |
Germany | |
Phone: | +49 - (0)89 - 354 02 - 1823 |
Fax: | +49 (0)89 354 02 - 298 |
E-mail: | ir@wackerneuson.com |
Internet: | www.wackerneusongroup.com |
ISIN: | DE000WACK012 |
WKN: | WACK01 |
Indices: | SDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 2029483 |
End of News | EQS News Service |
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2029483 14.11.2024 CET/CEST
Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.
The most important financial data at a glance | ||||||||
2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | ||
Sales1 | 1.701,00 | 1.901,10 | 1.615,50 | 1.866,20 | 2.252,40 | 2.654,90 | 2.540,00 | |
EBITDA1,2 | 239,40 | 257,40 | 204,60 | 313,50 | 322,00 | 415,90 | 363,00 | |
EBITDA-Margin3 | 14,07 | 13,54 | 12,67 | 16,80 | 14,30 | 15,67 | 14,29 | |
EBIT1,4 | 162,30 | 153,10 | 75,50 | 193,00 | 201,80 | 273,20 | 218,00 | |
EBIT-Margin5 | 9,54 | 8,05 | 4,67 | 10,34 | 8,96 | 10,29 | 8,58 | |
Net Profit (Loss)1 | 144,60 | 88,50 | 14,10 | 137,90 | 142,60 | 185,90 | 140,00 | |
Net-Margin6 | 8,50 | 4,66 | 0,87 | 7,39 | 6,33 | 7,00 | 5,51 | |
Cashflow1,7 | -15,50 | -20,90 | 405,00 | 331,70 | -6,40 | 113,20 | 0,00 | |
Earnings per share8 | 2,06 | 1,26 | 0,20 | 1,99 | 2,10 | 2,73 | 2,00 | |
Dividend per share8 | 1,10 | 0,00 | 0,60 | 0,90 | 1,00 | 1,15 | 0,75 |
1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de
Auditor: Forvis Mazars
All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.
INVESTOR-INFORMATION | ||||||
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Wacker Neuson | ||||||
WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
WACK01 | DE000WACK012 | SE | 981,96 Mio € | 15.05.2007 | Halten | 8FWH5HP4+2V |
PE 2025e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
6,33 | 12,66 | 0,50 | 9,13 | 0,69 | 8,67 | 0,37 |
Dividend '2022 in € |
Dividend '2023 in € |
Dividend '2024e in € |
Div.-Yield '2024e in % |
1,00 | 1,15 | 0,75 | 5,36% |
Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
23.05.2025 | 08.05.2025 | 14.08.2025 | 14.11.2024 | 26.03.2025 |
Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
-0,55% | -8,12% | -23,33% | -22,91% | -36,36% |
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