Brief: Wacker Neuson H1 EBIT Down At EUR 87.5 Mln

Wacker Neuson SE

09/08/2022 06:21

Aug 9 (Reuters) - WACKER NEUSON SE  WACGn.DE :
    * H1 EBIT FELL 12.6 PERCENT TO 87.5 MILLION EUR
    * REPORTS STRONG GROWTH IN FIRST HALF OF 2022
    * H1 REVENUE UP 15.5 PERCENT ON PREVIOUS YEAR; DOUBLE-DIGIT
GROWTH
ACROSS ALL REPORTING REGIONS
    * H1 EBIT MARGIN AT 8.2 PERCENT (-2.6 PP YOY)
    * REVENUE IN EUROPE (EMEA) FOR H1 ROSE 12.1 PERCENT RELATIVE
TO
PREVIOUS YEAR, REACHING EUR 826.3 MILLION (H1/21: EUR 737.1
MILLION)
    * FISCAL 2022 REVENUE GUIDANCE REMAINS UNCHANGED IN EUR
1,900 TO
2,100 MILLION CORRIDOR
    * FREE CASH FLOW (BEFORE EFFECTS FROM DISCONTINUATION OF A
FIXED-TERM INVESTMENT) AMOUNTED TO EUR -123.8 MILLION (H1/21:
EUR 133.5 MILLION)
    * EXPECTATION IS THAT CHALLENGING SUPPLY CHAIN SITUATION AND
ONGOING PRESSURES ON MATERIAL, ENERGY AND SHIPPING COSTS WILL
CONTINUE TO HAVE A NEGATIVE IMPACT ON EARNINGS DEVELOPMENT IN
SECOND HALF-YEAR
    * NARROWED ITS EARNINGS GUIDANCE RANGE FOR 2022 AS A WHOLE
    * NOW EXPECTS EBIT MARGIN TO LIE BETWEEN 9.0 AND 10.0
PERCENT
(PREVIOUS GUIDANCE: 9.0 TO 10.5 PERCENT)
    * H1 EARNINGS PER SHARE AT 0.97 EUR (1.00 EUR IN H1 2021)

Source text for Eikon:  ID:nEQ2HzsNFa 
Further company coverage:  WACGn.DE 

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