Brief: Wacker Neuson 9-month EBIT Stable At EUR 144.6 Million

Wacker Neuson SE

10/11/2022 06:15

Nov 10 (Reuters) - Wacker Neuson Se  WACGn.DE :
    * EQS-NEWS: WACKER NEUSON CONTINUES TO GROW SIGNIFICANTLY IN
THIRD
QUARTER OF 2022 AND INCREASES PROFITABILITY
    * FORECAST FOR FULL YEAR 2022 CONFIRMED
    * REVENUES UP 18.1% YEAR-ON-YEAR IN FIRST NINE MONTHS
DESPITE
CONTINUING CHALLENGING ENVIRONMENT
    * EBIT MARGIN OF 8.8% NOTICEABLY IMPROVED COMPARED WITH
FIRST
HALF, BUT STILL DOWN FROM PRIOR YEAR
    * SUPPLY CHAINS AND PRICE DYNAMICS ON PROCUREMENT MARKET
REMAIN
CHALLENGING
    * GROUP REVENUE FOR FIRST NINE MONTHS OF 2022 ONCE AGAIN
MARKED A
RECORD LEVEL AT EUR 1,641.0 MILLION, UP 18.1 PERCENT
YEAR-ON-YEAR (9M 2021: EUR 1,389.7 MILLION)
    * AT EUR 144.6 MILLION, 9-M EARNINGS BEFORE INTEREST AND
TAXES
(EBIT) WERE ALMOST ON A PAR WITH PREVIOUS YEAR (9M 2021: EUR
144.8 MILLION)
    * 9-MONTH REVENUE OF AGRICULTURAL MACHINERY BRANDS, KRAMER
AND
WEIDMANN, ALSO INCREASED SIGNIFICANTLY ACCORDINGLY, RISING BY
25.5 PERCENT TO EUR 318.0 MILLION (9M 2021: EUR 253.4 MILLION)

Source text for Eikon:  ID:nEQCp0BHa 
Further company coverage:  WACGn.DE 
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