16.03.2017
Wacker Neuson SE DE000WACK012
DGAP-News: Wacker Neuson SE: Wacker Neuson optimistic for 2017
DGAP-News: Wacker Neuson SE / Key word(s): Final Results/Forecast
Wacker Neuson SE: Wacker Neuson optimistic for 2017
16.03.2017 / 09:57
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Wacker Neuson optimistic for 2017
(Munich, March 16, 2017) The international light and compact equipment
manufacturer headquartered in Munich managed to keep fiscal 2016 revenue
stable despite challenging market conditions. Profitability, however, was
impacted by crises in key markets and regions. The company is positive about
2017 and expects revenue and earnings to grow again.
At EUR 1.36 billion, revenue for 2016 at previous year's level
2016 was a challenging year for the majority of international equipment
manufacturers, with companies reporting regional losses in revenue and
earnings "We were also unable to escape the difficulties in our markets. Our
business in North America was particularly hard hit with revenue from light
equipment in the region contracting in particular in 2016. In addition to
this, demand for compact equipment in the European agricultural sector was
weak," explains Cem Peksaglam, CEO of Wacker Neuson SE. "Our core region
Europe was our revenue driver in 2016 and we broke the billion-euro revenue
threshold for the first time here. This enabled us to keep overall revenue
at the same level as the previous year," adds Peksaglam.
At EUR 1.36 billion, Group revenue for 2016 was 0.3 percent higher than the
prior year when adjusted to discount currency effects. Nominal revenue was 1
percent lower than the previous year (2015: EUR 1.38 billion).
Profitability trends
Profit was negatively affected by crises in emerging markets and industries
as well as a number of one-off effects. Profit before interest and tax
(EBIT) contracted 15 percent to EUR 88.1 million. The EBIT margin dropped to
6.5 percent (2015: EUR 103.6 million; 7.5 percent). The Group was therefore
able to meet the lower range of its adjusted forecast from August 2016.
Group profit amounted to EUR 56.8 million (2015: EUR 66.2 million). Net
earnings per share came to EUR 0.81 (2015: EUR 0.94).
The Group made a number of key investments in 2016. "Despite economic
headwinds, we initiated important projects last year to create an even more
solid foundation for our future success. We continued to expand our
international reach in 2016, by opening a new production plant in Brazil and
by starting construction on a production facility in China. We firmly
believe that a regional presence - on both the development and production
front - is essential to successfully develop these fast-growing markets in
the long term," says Peksaglam. The Group also implemented other
forward-looking projects, including the consolidation of the spare parts
business from all compact equipment plants in Europe at a central warehouse
in Nuremberg, the launch of a new e-commerce platform for dealers and end
customers, the expansion of the zero-emissions product line and the
relocation of the R&D center for light equipment from Munich to the
production site at Reichertshofen. As such, the Group was able to strengthen
its organization and performance as a whole to more effectively master the
increasing global challenges over the coming years.
Dividend proposal
The Executive Board and Supervisory Board will propose a dividend of EUR
0.50 per eligible share at the AGM to be held on May 30, 2017 in Munich.
This is the same as the dividend payouts made in the previous two years and
corresponds to a total payout in the amount of EUR 35.1 million. This, in
turn, represents a distribution ratio of approximately 62 percent based on
Group profit 2016. "This underscores our commitment to ensuring continuity
for our shareholders, even during a strained period in company history,"
explains Peksaglam.
Optimistic outlook for 2017
The Group has its sights set on further expansion and expects to develop
positively in 2017. "We are optimistic about 2017 because customer
confidence has increased overall. We believe that key markets such as North
America will start to develop much more positively for us," continues
Peksaglam. "Our markets are without doubt cyclical and we are used to peaks
and troughs. After a challenging past 18 months, we expect 2017 to be a year
of growth for us - also in terms of earnings. Our order books are very
healthy," concludes Peksaglam.
The company expects revenue for 2017 to range between EUR 1.40 and EUR 1.45
billion (corresponds to revenue growth of between 3 and 7 percent relative
to the previous year) and the EBIT margin to rise to between 7.5 and 8.5
percent (2016: 6.5 percent). For 2017, the Group has earmarked around EUR
120 million in total for investments (2016: EUR 107 million).
Table: Revenue and earnings
Key figures in EUR FY 2016 FY 2015 Chan- Q4 Q4 Chan-
million ge 2016 2015 ge
Revenue 1,361.4 1,375.3 -1.0- 347.9 357.9 -2.8-
% %
EBIT 88.1 103.6 -15.- 18.1 22.4 -19.-
0% 2%
EBIT margin as a % 6.5 7.5 -1.0- 5.2 6.3 -1.1
PP PP
Profit for the period 56.8 66.2 -14.- 11.1 12.4 -10.-
(after minority 2% 5%
interests)
Your contact partner:
Wacker Neuson SE
Katrin Yvonne Neuffer
Head of Corporate Communication /
Investor Relations
Preussenstrasse 41
80809 Munich, Germany
Phone: +49-(0)89-35402-173
[email protected]
www.wackerneusongroup.com
The Wacker Neuson Group is an international family of companies and a
leading manufacturer of light and compact equipment with over 50 affiliates
and 140 sales and service stations. The Group offers its customers a broad
portfolio of products, a wide range of services and an efficient spare parts
service. The product brands Wacker Neuson, Kramer and Weidemann belong to
the Wacker Neuson Group. Wacker Neuson 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, energy and rail transport. In 2016, the Group achieved revenue of
EUR 1.36 billion, employing around 4,800 people worldwide.
---------------------------------------------------------------------------
16.03.2017 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 - 390
E-mail: [email protected]
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
End of News DGAP News Service
---------------------------------------------------------------------------
554449 16.03.2017
|
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
Wacker Neuson SE ISIN: DE000WACK012 können Sie bei EQS abrufen
Biospritanlagen , WACK01 , WAC , XETR:WAC