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Wacker Neuson publishes preliminary results for fiscal 2020

·2-min read

Wacker Neuson SE / Key word(s): Preliminary Results
Wacker Neuson publishes preliminary results for fiscal 2020

20-Jan-2021 / 16:35 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Disclosure of an inside information acc. to Article 17 MAR

Wacker Neuson publishes preliminary results for fiscal 2020
Munich, January 20, 2021 - The Wacker Neuson Group expects Group revenue for fiscal 2020 to amount to approximately EUR 1,610 million (2019: EUR 1,901.1 million) based on preliminary, unaudited figures. This is slightly higher than the analyst consensus provided by an external service company for the Group (consensus: EUR 1,588.0 million).

On the basis of preliminary figures, profit before interest and tax (EBIT) amounts to approximately EUR 73 million (2019: EUR 153.1 million) and is thus significantly lower than market expectations (consensus: EUR 94.4 million). An additional non-cash allowance for doubtful receivables in the Americas region had a major impact on the development of profit in the fourth quarter. Adjusted for this one-off effect, EBIT for fiscal 2020 would amount to approximately EUR 91 million.

The Group has made more rapid progress in executing plans to reduce net working capital than projected in its last forecast. Preliminary figures now put this indicator at approximately EUR 490 million (December 31, 2019: EUR 811.7 million, September 30, 2020: EUR 636.3 million). This reduction has a correspondingly positive impact on cash flow from operating activities.

The Group will publish its final results for fiscal 2020 on March 25, 2021.

Explanations of the indicators used here can be found from page 144 onwards in the 2019 Wacker Neuson Group Annual Report.

Your contact:

Wacker Neuson SE
Christopher Helmreich
Head of Investor Relations
Preussenstrasse 41
80809 Munich, Germany
+49-(0)89-35402-427
christopher.helmreich@wackerneuson.com
www.wackerneusongroup.com

20-Jan-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Wacker Neuson SE

Preußenstr. 41

80809 München

Germany

Phone:

+49 - (0)89 - 354 02 - 0

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:

1162048


 

End of Announcement

DGAP News Service

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