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Wacker Neuson SE (WAC.DE)

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  • EQS Group

    Wacker Neuson publishes preliminary results for fiscal 2020

    Wacker Neuson SE / Key word(s): Preliminary ResultsWacker Neuson publishes preliminary results for fiscal 202020-Jan-2021 / 16:35 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.Disclosure of an inside information acc. to Article 17 MARWacker Neuson publishes preliminary results for fiscal 2020Munich, 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 HelmreichHead of Investor RelationsPreussenstrasse 4180809 Munich, Germany+49-(0)89-35402-427christopher.helmreich@wackerneuson.comwww.wackerneusongroup.com20-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

  • EQS Group

    Wacker Neuson SE: Chairman of the Executive Board Martin Lehner to leave the Wacker Neuson Group

    DGAP-News: Wacker Neuson SE / Key word(s): Personnel18.11.2020 / 23:05 The issuer is solely responsible for the content of this announcement.Chairman of the Executive Board Martin Lehner to leave the Wacker Neuson GroupMunich, November 18, 2020 - Martin Lehner, Chairman of the Executive Board, CEO and CTO of Wacker Neuson SE, has today informed the Supervisory Board, that he will not be extending his contract with the company, which expires on March 31, 2021, for personal reasons."The Supervisory Board of Wacker Neuson SE regrets Mr. Lehner's decision and thanks him for his unwavering personal commitment. During his many years of successful work on the Executive Board, he has helped drive forward the Group's internationalization and opened up new growth areas whilst continuously developing the corporate strategy together with the entire Executive Board. With the departure of Martin Lehner, Wacker Neuson Group is losing a valued CEO, who has shaped the company with his commitment, expertise and innovative drive. We wish Mr. Lehner all the best for the future," says Hans Neunteufel, Chairman of the Supervisory Board. Mr. Lehner will continue to be available to the Group in an advisory capacity until March 2021 in order to ensure a smooth transition.Martin Lehner has worked for the Group and its predecessor companies since 1987. During the course of his more than 30-year career with the company, he has held various management positions and played a decisive role in successfully developing individual entities and merging them into a listed, global corporation. Prior to the merger of Wacker Construction Equipment AG and Neuson Kramer Baumaschinen AG in 2007, Mr. Lehner restructured the Kramer Group and was responsible for completely realigning it. In 2004, he became a member of the Executive Board of Neuson Kramer Baumaschinen AG. Following the merger, he was appointed to the Executive Board of the newly created Wacker Neuson SE and became Chairman in 2017.As an innovation driver and technology expert, Mr. Lehner has played a key role in shaping the company. In 2014, Wacker Neuson launched its first fully electric light equipment product. This battery-powered rammer marked a step into unknown territory - not just for the Group, but for the industry as a whole. The Group's zero emission product portfolio has expanded in recent years to include a wide range of products including vibratory plates, wheel loaders, dumpers and the first fully electric mini excavator, which was launched in 2020. "Martin Lehner's outstanding technical knowledge, his keen instinct for innovation and his passion for construction equipment has helped make Wacker Neuson the technology leader it is today in the field of electric light and compact equipment," adds Neunteufel. "Through his huge personal involvement in developing digital business models plus a wide range of further initiatives, Mr. Lehner has laid the foundation for the Wacker Neuson Group's transition from a production-focused organization to a software-oriented company. This has put our Group on a very strong footing to face the challenges of the coming years."After reporting average growth rates of 11 percent over the course of the last ten years, the Wacker Neuson Group clearly deviated from its growth path in 2020 as a result of the COVID-19 pandemic. By developing a new streamlined and agile management and organizational culture, Mr. Lehner has now helped make the Group even more robust and successful in the long term."I have spent many successful years at the Wacker Neuson Group. During this time, the organization has grown to become a leading manufacturer of light and compact equipment. Now, the time has come for me to focus on new tasks and challenges," explains Martin Lehner. "I am extremely grateful that I have been able to help the Wacker Neuson Group on its path to becoming an internationally successful Group and technology leader. My special thanks go to the many colleagues who - with their passionate commitment and high level of identification with our company - have made my time at Wacker Neuson very valuable to me. I have always been passionate about areas of future significance such as zero emission construction equipment and digitalization and am particularly proud of the innovative drive that our Group has shown in these fields. I am sure that the team will continue to live this spirit in the future and wish them, as well as the entire group, every success. Last but not least, I would like to thank all our customers and business partners for their loyalty and trust. I am convinced that they will continue to be in good hands with Wacker Neuson also in the future."As of January 1, 2021, Mag. Kurt Helletzgruber (68), who has been seconded from the Supervisory Board to the Executive Board until June 30, 2021, will temporarily assume the executive responsibilities of the position of CEO and take on the position of Chairman of the Executive Board.Mr. Helletzgruber has been a member of the Supervisory Board of Wacker Neuson SE since 2007 and held the position of CFO and CSO at Neuson Kramer Baumaschinen AG prior to the merger with Wacker Construction Equipment AG. Prof. Dr. Matthias Schüppen takes over as Chairman of the Audit Committee of the Supervisory Board of Wacker Neuson SE, which was held by Mr. Helletzgruber since 2010.Contact:Christopher HelmreichHead of Investor RelationsWacker Neuson SEPreussenstrasse 4180809 Munich, GermanyTel.: +49 - (0)89 - 354 02 - 427christopher.helmreich@wackerneuson.comwww.wackerneusongroup.comAbout the Wacker Neuson Group:The Wacker Neuson Group is an international network of companies, employing around 5,500 people worldwide. In fiscal 2019, the Group achieved revenue of EUR 1.9 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.18.11.2020 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: 1149271   End of News DGAP News Service

  • EQS Group

    Wacker Neuson SE: ​​​​​​​Changes to the Executive Board

    Wacker Neuson SE / Key word(s): PersonnelWacker Neuson SE: ​​​​​​​Changes to the Executive Board18-Nov-2020 / 22:39 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.Changes to the Executive BoardMunich, November 18, 2020 - Martin Lehner, Chairman of the Executive Board, CEO and CTO of Wacker Neuson SE has today informed the Supervisory Board, that he will not be available for an extension of his contract with the company for personal reasons. By fully amicable and mutual consent, Mr. Lehner will leave the Executive Board on December 31, 2020. However, he will continue to serve the Group in an advisory capacity until March 2021. Mr. Lehner has been a member of the Executive Board since 2007 and Chairman of the Executive Board since 2017. The Supervisory Board regrets his decision and thanks Mr. Lehner for his unwavering commitment and many years of successful work on the Executive Board.Furthermore, the Supervisory Board of Wacker Neuson SE and Wilfried Trepels, CFO, have today reached a mutual agreement that Mr. Trepels will step down from his position ahead of schedule. This decision was made after Mr. Trepels informed the Supervisory Board that he would not be available for an extension of his contract as CFO due to differences in opinion over the corporate management. Mr. Trepels will resign from his position as Executive Board member effective November 30, 2020. The Supervisory Board thanks Mr. Trepels for his successful work.As of December 1, 2020, Mag. Kurt Helletzgruber, Chairman of the Audit Committee, has been seconded from the Supervisory Board to the Executive Board until June 30, 2021, in accordance with Section 105 (2) AktG and will take on the executive responsibilities of the position of CFO on an interim basis. Prof. Dr. Matthias Schüppen will take over as Chairman of the Audit Committee.As of January 1, 2021, Mag. Helletzgruber will temporarily assume the executive responsibilities of the position of CEO and take on the position of Chairman of the Executive Board.Your contact:Wacker Neuson SE Christopher HelmreichHead of Investor RelationsPreussenstrasse 4180809 Munich, GermanyTel. +49-(0)89-35402-427christopher.helmreich@wackerneuson.comwww.wackerneusongroup.com 18-Nov-2020 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: 1149264   End of Announcement DGAP News Service