Weidemann

EQS-News: Wacker Neuson Group: strong revenue and earnings growth in fiscal 2023 – focus on Strategy 2030

Retrieved on: 
Wednesday, April 10, 2024
Remuneration, Annual, EUR, Uncertainty, Tax, Growth, Supervisory board, Policy, Sale, Weidemann, Investment, Renewable energy

Earnings before interest and taxes (EBIT) increased even faster at 35.4 percent and reached EUR 273.2 million (2022: EUR 201.8 million).

Key Points: 
  • Earnings before interest and taxes (EBIT) increased even faster at 35.4 percent and reached EUR 273.2 million (2022: EUR 201.8 million).
  • “Fiscal 2023 began with dynamic growth, which increasingly gave way to downward trends across many sectors of the economy in the second half of the year.
  • Double-digit growth – breakdown of revenue by region: Revenue in Europe (EMEA) increased by 18.3 percent to EUR 2,022.4 million (2022: EUR 1,709.9 million).
  • At EUR 76.0 million, revenue in Asia-Pacific fell by 8.9 percent in fiscal 2023 (2022: EUR 83.4 million).

EQS-News: Wacker Neuson Group posts double-digit percentage growth in first nine months despite economic slowdown

Retrieved on: 
Saturday, December 30, 2023
Momentum, Tax, Sale, Agriculture, Light, Growth, EUR, Weidemann

EBIT margin after nine months at 11.9 percent; EBIT margin in Q3 declines as expected to 9.8 percent

Key Points: 
  • EBIT margin after nine months at 11.9 percent; EBIT margin in Q3 declines as expected to 9.8 percent
    Munich, 9 November 2023 - The Wacker Neuson Group, a leading manufacturer of light and compact equipment, remains on course for growth despite increasing signs of a general economic slowdown.
  • Group revenue in the first nine months increased by 22.7 percent year-on-year to EUR 2,013.9 million (9M 2022: EUR 1,641.0 million).
  • At EUR 240.4 million, earnings before interest and taxes (EBIT) again showed disproportionate growth of 66.3 percent (9M 2022: EUR 144.6 million).
  • Free cash and cash equivalents amounted to EUR 28.4 million at the reporting date (31 December 2022: EUR 53.7 million).

EQS-News: Wacker Neuson Group remains on growth track in first half of 2023

Retrieved on: 
Tuesday, August 8, 2023
Weidemann, Investment, Tax, Light, Kramer, EBIT, Sale, Plant, EUR, RTÉ Executive Board, Work, Agriculture, United Kingdom, Growth, Tourism, Film industry, Drug

Munich, August 8, 2023 - The Wacker Neuson Group, a leading manufacturer of light and compact equipment, once again posted dynamic growth in the first half of fiscal 2023.

Key Points: 
  • Munich, August 8, 2023 - The Wacker Neuson Group, a leading manufacturer of light and compact equipment, once again posted dynamic growth in the first half of fiscal 2023.
  • Compared to the first half of the previous year, Group revenue increased by 27.4 percent to EUR 1,365.9 million (H1 2022: EUR 1,072.5 million).
  • This underlines the fact that we are increasingly succeeding in coping with the numerous challenges we face," explains Dr. Karl Tragl, CEO of the Wacker Neuson Group.
  • As part of its continued diversification of its sales strategy, Wacker Neuson continued to attract additional authorized dealers in North America in the first half of 2023.

EQS-News: Wacker Neuson Group starts 2023 with significant growth

Retrieved on: 
Tuesday, May 9, 2023
Weidemann, Annual, Tax, Light, Kramer, EBIT, Sale, EUR, Federal Executive Boards, Annual report, Risk, Growth, CFO, Agriculture, Lithium, Film industry

Compared to the first quarter of the previous year, Group revenue increased by 27.9 percent to EUR 667.2 million (Q1 2022: EUR 521.6 million).

Key Points: 
  • Compared to the first quarter of the previous year, Group revenue increased by 27.9 percent to EUR 667.2 million (Q1 2022: EUR 521.6 million).
  • At the same time, we continue to expect the first quarter to also be the strongest of 2023," reminds Dr. Karl Tragl, Chairman of the Executive Board and CEO of the Wacker Neuson Group.
  • This growth was driven by consistently good demand in all submarkets, with the home market of Germany showing particularly positive growth.
  • Wacker Neuson continues to increase the number of affiliated dealers in North America, thus laying the foundation for further growth in the region.

EQS-News: Wacker Neuson Group posts further strong revenue growth in 2022

Retrieved on: 
Tuesday, March 28, 2023
Pressure, Weidemann, Light, Kramer, EBIT, Sale, Federal Executive Boards, Investment, Risk, CFO, COVID 19, Growth, Film industry, Video game, EUR

Revenue in the Europe (EMEA) region increased to EUR 1,709.9 million, representing growth of 15.7 percent (2021: EUR 1,477.5 million).

Key Points: 
  • Revenue in the Europe (EMEA) region increased to EUR 1,709.9 million, representing growth of 15.7 percent (2021: EUR 1,477.5 million).
  • As part of the diversification of the sales strategy, Wacker Neuson was able to attract additional authorized dealers in North America in 2022.
  • The Asia-Pacific region also developed dynamically, contributing a total of EUR 83.4 million to Group revenue with growth of 38.8 percent (2021: EUR 60.1 million).
  • At the same time, the Executive Board continues to assess the fundamental outlook for the Wacker Neuson Group as positive.

DGAP-News: Wacker Neuson SE: Wacker Neuson reports strong growth in first half of 2022

Retrieved on: 
Tuesday, August 9, 2022
EBIT, CEO, Kramer, Board of directors, Growth, EMEA, Investment, EUR, Group, Construction, Light, IFRS 16, Executive, IFRS, Pressure, Weidemann, RTÉ Executive Board, Film, Video game

Wacker Neusons own rental and service business also developed on a positive trajectory, as did the high-margin spare parts business.

Key Points: 
  • Wacker Neusons own rental and service business also developed on a positive trajectory, as did the high-margin spare parts business.
  • As part of its plan to diversify its sales strategy, Wacker Neuson on-boarded additional authorized dealers in North America in the first half of 2022.
  • There was sustained strong growth in Australia here, but the Group faced a contracting construction equipment market in China.
  • The definition of net financial debt as applied by the Wacker Neuson Group does not include lease liabilities in accordance with IFRS 16.

Research shows U.S. Memorials for Veterans, Heroes & Survivors Offer Healing & Connection; Examples Seen in New Huether Artworks

Retrieved on: 
Tuesday, November 9, 2021
Ryan Companies, Gordon Huether, Weidemann, Survivor, Veteran, Rowlands, Vietnam Veterans Memorial Fund, Public art, Research, Architecture, Vietnam War Memorial (Milwaukie, Oregon), City, Vietnam, History, Sculpture, Time, Stainless steel, Eternal flame, Tourism

According to recent research, well designed memorials can relieve stress, promote human connection and strengthen communities.

Key Points: 
  • According to recent research, well designed memorials can relieve stress, promote human connection and strengthen communities.
  • "It's an honor to create commemorative sculptures and memorials, and to see their powerful effect on survivors and families," said Huether, a Napa, CA-based artist.
  • Memorials and statues date to earliest recorded history, and are a continuing, popular vehicle for commemorating tragic, historical or important events.
  • Atlanta Children's Memorial: Commissioned by the City of Atlanta, Huether designed the Eternal Flame Monument to memorialize 30 black children, adolescents and adults killed between 1979-81.