Success in the Americas Highlights Second-Quarter Revenue Increase for Wacker Neuson

Wacker Neuson posted second-quarter revenue of €284.2 million (about U.S. $351.8 million), a 6.5-percent increase compared to €266.9 million in the second quarter of 2011, despite ongoing uncertainties in the euro zone.

EBITDA margin was 13.1 percent for the second quarter of 2012 compared with 17.1 percent for the second quarter last year. In the first six months of this fiscal year, EBITDA rose 6.3 percent to €76.1 million, resulting in an EBITDA margin of 13.6 percent, compared to the first half last year of €71.6 million, a 15-percent margin. Revenue for the same period increased by 16.6 percent to €558.1 million, compared with €478.7 million for the previous year.

Despite the euro zone uncertainties, the company reaffirmed its revenue guidance for the rest of 2012. Wacker Neuson is expecting about €1.1 billion for the full year, with EBITDA margin of between 13 and 15 percent, where its previous forecast expected EBITDA of at least 15 percent.

The Americas region performed particularly well for Munich-based Wacker Neuson, with revenue rising by 23 percent.

Wacker Neuson SE added that it intends to unite its two product segments (light and compact equipment) under single management in order to maximize synergies, in particular with regard to international expansion. This will enable the group to further build on its market success, the company said.