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Wacker Neuson SE (WAC.DE)

XETRA - XETRA Delayed price. Currency in EUR
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24.40-0.08 (-0.33%)
As of 5:35PM CEST. Market open.
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Previous close24.48
Open24.46
Bid24.48 x N/A
Ask24.50 x N/A
Day's range24.24 - 24.82
52-week range10.40 - 24.82
Volume103,978
Avg. volume68,171
Market cap1.711B
Beta (5Y monthly)1.46
PE ratio (TTM)122.00
EPS (TTM)0.20
Earnings date09 Aug 2021
Forward dividend & yield0.60 (2.69%)
Ex-dividend date27 May 2021
1y target estN/A
  • EQS Group

    Wacker Neuson SE: Successful start to the year with a sharp rise in profitability

    DGAP-News: Wacker Neuson SE / Key word(s): Quarterly / Interim Statement10.05.2021 / 07:00 The issuer is solely responsible for the content of this announcement.Wacker Neuson SE: Successful start to the year with a sharp rise in profitability Q1 revenue 5.6 percent up on previous year 51-percent rise in EBIT; EBIT margin at 10.0 percent (+3.0 PP yoy) Net working capital ratio close to strategic target at 31 percent Cash flow from operating activities slightly higher than prior-year level Net financial debt remains at very low level Dynamic trends in order intake Guidance remains unchanged Christoph Burkhard named new CFOMunich, May 10, 2021 - Leading light and compact equipment manufacturer the Wacker Neuson Group has made a successful start to 2021. Group revenue for the first quarter amounted to EUR 434.0 million, which is a rise of 5.6 percent relative to the previous year (Q1/20: EUR 410.8 million). Adjusted for currency effects, this corresponds to an increase of 7.4 percent. The Group reported an even bigger rise in earnings with profit before interest and tax (EBIT) increasing 50.9 percent to EUR 43.6 million (Q1/20: EUR 28.9 million). The EBIT margin amounted to 10.0 percent, which is a rise of 300 basis points (Q1/20: 7.0 percent)."The first quarter got the year off to an exceptionally successful start for us. We are back on our growth path with a sharp rise in profitability too," explains Kurt Helletzgruber, CEO and CFO of the Wacker Neuson Group. "Our strong performance over these first three months gives us an excellent foundation for achieving our goals for the year. At the same time, demand for our products continues to develop dynamically."Growth driven by Europe and Asia-PacificRevenue for Europe for the first quarter rose 7.0 percent relative to the previous year to reach EUR 349.2 million (Q1/20: EUR 326.4 million). Business developed particularly well in DACH countries, Eastern Europe, Benelux and the UK. Group revenue grew in particular with excavators, dumpers and compaction equipment. The services segment also reported above-average gains.Revenue generated with compact equipment for the agricultural sector in the first quarter was below the previous year due to pull-forward effects related to the transition to the EU Stage V emissions standard (Q1/21: EUR 79.8 million; Q1/20: EUR 87.7 million).Revenue in the Americas region in the first quarter amounted to EUR 68.3 million (Q1/20: EUR 76.9 million). This corresponds to a nominal decrease of 11.2 percent. Adjusted for currency effects, revenue for the region contracted by 4.3 percent. Customers remained cautious about investments at the start of the year in particular. However, business picked up markedly towards the end of the first quarter. Demand from dealers and rental chains developed positively here.In Asia-Pacific, Group revenue more than doubled relative to the previous year (Q1/21: EUR 16.5 million; Q1/20: EUR 7.5 million). The Chinese production site and dealer organization were shut down for several weeks in the previous year due to the rapid spread of coronavirus. Business in Australia and New Zealand developed extremely positively. The Group reported major gains here due to the expansion of its dealer network and a product portfolio tailored to local needs.Sharp increase in profitability; net working capital ratio close to strategic target at 31 percentWith the EBIT margin at 10.0 percent, profit for the first quarter was 3 percentage points higher than the previous year (Q1/20: 7.0 percent). This improvement in profitability was largely fueled by reduced operating costs and lower fixed costs. Increased productivity at the plants and a product mix shaped by strong performance in the services segment also had a positive impact on earnings. Profit in the previous year was negatively impacted by restructuring costs.Net working capital amounted to EUR 542.7 million at the close of the first quarter and was thus significantly below the value for the previous year (March 31, 2020: EUR 778.9 million). A seasonal build-up of inventory plus a rise in receivables fueled by dynamic business development resulted in a slight rise in net working capital relative to the close of the year (December 31, 2020: EUR 497.5 million). At 31.3 percent, the net working capital ratio improved significantly compared with the previous year and was thus within reach of the strategic target value of 30 percent or lower (March 31, 2020: 47.4 percent; December 31, 2020: 29.1 percent)[1].Cash flow from operating activities higher than previous year; net financial debt remains at a very low level At EUR 23.5 million, cash flow from operating activities for the first quarter was slightly higher than the previous year (Q1/20: EUR 22.4 million). The improvement in profitability was countered by the seasonal increase in net working capital. Before a fixed short-term investment in the amount of EUR 100 million, which was made to optimize the Group's cash position, free cash flow amounted to EUR 9.8 million (Q1/20: EUR 4.3 million)[2].Net financial debt at the close of the quarter remained at a very low level (March 31, 2021: EUR 143.6 million; December 31, 2020: EUR 122.9 million; March 31, 2020: EUR 446.1 million)[3].Dynamic order intake; guidance unchanged Order intake developed dynamically for the Group in the first quarter and this trend continued into the start of the second quarter. However, significant uncertainties still overshadow the macroeconomic environment and global supply chains. "Supply chains are currently the largest area of concern for us. Demand from the market is high and topical issues such as pandemic-related restrictions and the blockage of the Suez Canal are resulting in recurring bottlenecks. We have to be extremely flexible with production to ensure we don't miss out on any manufacturing slots," adds Helletzgruber. The situation is further compounded by price increases for raw materials, components and transport.Taking the current economic climate as well as the opportunities and risks facing the Wacker Neuson Group into account, the Executive Board foresees no change to its guidance for fiscal 2021.Christoph Burkhard named new CFOChristoph Burkhard will become the new CFO of Wacker Neuson SE with effect as of June 1, 2021. He follows on from Kurt Helletzgruber, who was seconded from the Supervisory Board to the Executive Board and is currently serving as CEO and CFO for an interim period."With Mr. Burkhard, we have won a CFO with a large amount of international experience coupled with outstanding expertise in financing and the execution of global transformation processes," explains Hans Neunteufel, Chairman of the Supervisory Board of Wacker Neuson SE. "In addition to this, Mr. Burkhard has already proven his ability to successfully and sustainably manage working capital in a rapidly expanding global engineering company - a very important area also for our Group," he adds.In his role as CFO of Wacker Neuson SE, Mr. Burkhard will be responsible for finance, controlling and risk management as well as auditing, IT and sales financing.Alongside Mr. Burkhard as the new CFO, Dr. Tragl will also be assuming his new role as CEO and Chairman of the Executive Board on June 1 (see corporate news published on March 23, 2021). Kurt Helletzgruber will then return to his position on the Supervisory Board as planned.[1] Net working capital as a percentage of annualized revenue for the quarter.[2] After the fixed-term investment (reported under cash flow from investment activities), free cash flow amounted to EUR -90.2 million.[3] Long-term borrowings + short-term borrowings from banks + current portion of long-term borrowings - liquid funds - fixed short-term financial investments.Key indicators for the Wacker Neuson Group Key figures in € m Q1/21 Q1/20 Delta Revenue 434.0 410.8 +6% EBIT 43.6 28.9 +51% EBIT margin (as a %) 10.0 7.0 +3.0 PP Profit for the period 29.1 10.4 >+100% Earnings per share in € 0.41 0.15 >+100% Free cash flow1 9.8 4.3 >+100% 1 Free cash flow before fixed-term investment in the amount of EUR 100 m Contact:Christopher HelmreichHead of Investor RelationsWacker Neuson SEPreussenstrasse 4180809 Munich, GermanyTel.: +49 - (0)89 - 354 02 - 427christopher.helmreich@wackerneuson.comwww.wackerneusongroup.comThe Wacker Neuson Group's complete first-quarter report for 2021 is available at the following link: www.wackerneusongroup.com/investor-relations/finanzberichte-praesentationen/For press images relating to the Wacker Neuson Group, please see:https://wackerneusongroup.com/news-media/pressebilderAbout the Wacker Neuson Group:The Wacker Neuson Group is an international network of companies, employing around 5,500 people worldwide. In fiscal 2020, the Group achieved revenue of EUR 1.6 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. 10.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.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: 1194028 End of News DGAP News Service

  • EQS Group

    Wacker Neuson SE: Christoph Burkhard named new CFO of Wacker Neuson SE

    DGAP-News: Wacker Neuson SE / Key word(s): Personnel05.05.2021 / 14:00 The issuer is solely responsible for the content of this announcement.Christoph Burkhard named new CFO of Wacker Neuson SEMunich, May 5, 2021 - Christoph Burkhard will become the new CFO of Wacker Neuson SE with effect as of June 1, 2021. He follows on from Mag. Kurt Helletzgruber, who was seconded from the Supervisory Board to the Executive Board and is currently serving as CEO and CFO for an interim period."With Christoph Burkhard, we have won a CFO with a large amount of international experience coupled with outstanding expertise in financing and the execution of global transformation processes," explains Hans Neunteufel, Chairman of the Supervisory Board of Wacker Neuson SE. "In addition to this, Mr. Burkhard has already proven his ability to successfully and sustainably manage working capital in a rapidly expanding global engineering company - a very important area also for our Group," he adds.In his role as CFO of Wacker Neuson SE, Mr. Burkhard will be responsible for finance, controlling and risk management as well as auditing, IT and sales financing."I am really looking forward to supporting the Wacker Neuson Group on its exciting journey shaped by emerging opportunities through an integrated finance function, and to driving the company's strategic goals, such as the expansion of the zero emission portfolio, in collaboration with the entire Executive team," comments Mr. Burkhard.Alongside Mr. Burkhard as the new CFO, Dr. Tragl will be assuming his new role as CEO and Chairman of the Executive Board on June 1 (see corporate news published on March 23, 2021). Kurt Helletzgruber will then return to his position on the Supervisory Board as planned. The Supervisory Board would like to thank Mr. Helletzgruber for his successful and exceptionally committed work on the Executive Board of Wacker Neuson SE. Prof. Dr. Matthias Schüppen, who assumed the Chair of the Audit Committee for the duration of Mr. Helletzgruber's secondment, will continue in this role until the annual financial statements for 2021 have been approved. About Christoph Burkhard:Most recently, Christoph Burkhard served as CFO of the Nordex Group, a listed company with around 9,000 employees and one of the world's largest manufacturers of wind turbine systems. Prior to this, he spent 18 years at Siemens AG, working in various positions, including CFO for the company's global offshore wind business. Mr. Burkhard studied economics and business administration at the University of Heidelberg and the University of Tübingen, and also has a Master of Science from the London School of Economics. Contact:Christopher HelmreichHead of Investor RelationsWacker Neuson SEPreussenstrasse 4180809 Munich, GermanyTel.: +49 - (0)89 - 354 02 - 427christopher.helmreich@wackerneuson.comhttp://wackerneusongroup.com About the Wacker Neuson Group:The Wacker Neuson Group is an international network of companies, employing around 5,500 people worldwide. In fiscal 2020, the Group achieved revenue of EUR 1.6 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. 05.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.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: 1192826 End of News DGAP News Service

  • EQS Group

    Wacker Neuson Group expects EBIT for the first quarter to be clearly above consensus based on preliminary figures

    Wacker Neuson SE / Key word(s): Quarter ResultsWacker Neuson Group expects EBIT for the first quarter to be clearly above consensus based on preliminary figures19-Apr-2021 / 16:52 CET/CESTDisclosure 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.Publication of an inside information in accordance with Article 17 MARWacker Neuson Group expects EBIT for the first quarter to be clearly above consensus based on preliminary figures Munich, April 19, 2021 - The Wacker Neuson Group expects Group revenue for Q1 2021 to amount to EUR 434.0 million based on preliminary, unaudited figures (Q1/20: EUR 410.8 million). This is slightly above the analyst consensus collected for the company by an external service provider (consensus: EUR 418.1 million). Profit before interest and tax (EBIT) is projected at EUR 43.6 million on the basis of preliminary figures (Q1/20: EUR 28.9 million) and is therefore clearly above the consensus (consensus: EUR 30.4 million). The EBIT margin is thus expected to amount to 10.0 percent (consensus: 7.2 percent; Q1/20: 7.0 percent). The marked rise in profitability stemmed from positive developments in key target markets and, among other factors, from a lower cost basis relative to the previous year.Order intake developed dynamically for the Group in the first quarter. However, uncertainty related to the future course of the COVID-19 pandemic and the related impacts on global supply chains as well as on customer demand moving forward has increased notably relative to the close of 2020. In addition to this, the risk of limited material availability and delays in material supplies has risen significantly due to the temporary blockage of the Suez Canal and the resulting disruptions to global freight transport.Taking into consideration the factors mentioned above as well as the opportunities and risks facing the Wacker Neuson Group, the guidance issued by the Executive Board for fiscal 2021 remains unchanged.The Group will publish the final results for the first quarter of 2021 on May 10, 2021.Explanations of the indicators used here can be found from page 150 onwards in the 2020 Wacker Neuson Group Annual Report. Contact:Christopher HelmreichHead of Investor RelationsWacker Neuson SEPreussenstrasse 4180809 Munich, GermanyTel.: +49 - (0)89 - 354 02 - 427christopher.helmreich@wackerneuson.comwww.wackerneusongroup.com19-Apr-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: 1186313 End of Announcement DGAP News Service