Brief: Wacker Neuson Preliminary 2021 Revenue Up At EUR 1.87 Billion

Wacker Neuson SE

09/02/2022 14:42

Feb 9 (Reuters) - WACKER NEUSON SE  WACGn.DE :
    * PRELIMINARY REVENUE AND EARNINGS FIGURES EXCEED 2021
GUIDANCE;
EXECUTIVE BOARD RELEASES REVENUE AND EARNINGS GUIDANCE FOR 2022
    * EXPECTS GROUP REVENUE FOR FISCAL 2021 TO AMOUNT TO EUR
1,866
MILLION (2020: EUR 1,616 MILLION)
    * ALSO ON A PRELIMINARY BASIS, EARNINGS BEFORE INTEREST AND
TAX
(EBIT) STAND AT APPROX. EUR 193 MILLION (2020: EUR 76 MILLION)
AND EBIT MARGIN AT 10.3 PERCENT (2020: 4.7 PERCENT)
    * BOTH REVENUE AND EBIT MARGIN THUS EXCEED COMPANY'S
PROJECTIONS
FOR YEAR (REVENUE GUIDANCE: EUR 1,775 TO 1,825 MILLION; EBIT
MARGIN GUIDANCE: 9.3 TO 9.7 PERCENT).
    * DESPITE RISING REVENUE, EXECUTIVE BOARD DOES NOT EXPECT
GROUP'S
OPERATING PROFITABILITY FOR H1 2022 TO REACH PRIOR-YEAR LEVEL
    * SECOND HALF-YEAR IS EXPECTED TO SHOW SIGNS OF EASING ON
SUPPLY
CHAIN SIDE
    * GUIDANCE FOR 2022 AS A WHOLE THEREFORE PLACES REVENUE IN
EUR
1,900 TO 2,100 MILLION CORRIDOR, REPRESENTING GROWTH RATES OF 2
TO 13 PERCENT IN COMPARISON WITH FISCAL 2021.
    * EBIT MARGIN IS EXPECTED TO LIE BETWEEN 9.0 AND 10.5
PERCENT

Source text for Eikon:  ID:nEQ1cqPGga 
Further company coverage:  WACGn.DE 

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