Brief: Wacker Neuson Raises Guidance For Fiscal 2023 And Publishes Preliminary H1 Results

Wacker Neuson SE

13/07/2023 13:26

July 13 (Reuters) - WACKER NEUSON SE  WACGn.DE :
    * WACKER NEUSON GROUP RAISES GUIDANCE FOR FISCAL 2023 AND
PUBLISHES PRELIMINARY BUSINESS FIGURES FOR THE FIRST HALF OF
2023
    * NOW ANTICIPATES REVENUE OF BETWEEN EUR 2,500 MILLION AND
EUR
2,700 MILLION (PREVIOUSLY: EUR 2,300 MILLION AND EUR 2,500
MILLION) WITH AN EBIT MARGIN IN RANGE OF 10.0 TO 11.0 PERCENT
    * CAPITAL EXPENDITURES FOR FULL YEAR ARE EXPECTED TO AMOUNT
TO EUR
140 MILLION
    * Q2 PRELIMINARY EARNINGS BEFORE INTEREST AND TAXES (EBIT)
WERE
84.0 PERCENT UP ON PREVIOUS YEAR AT EUR 88.9 MILLION (Q2/2022:
EUR 48.3 MILLION)
    * REVISED FORECAST REFLECTS POSITIVE BUSINESS DEVELOPMENT IN
FIRST
HALF OF 2023
    * PRELIMINARY REVENUE OF EUR 1,365.9 MILLION IN FIRST HALF
OF YEAR
OF 2023, REPRESENTING YEAR-ON-YEAR GROWTH OF 27.4 PERCENT
(H1/2022: EUR 1,072.5 MILLION)
    * H1 EBIT) WERE 101.9 PERCENT UP ON PREVIOUS YEAR AT EUR
176.7
MILLION (H1/2022: EUR 87.5 MILLION)
    * PRELIMINARY EBIT MARGIN WAS 12.7 PERCENT (Q2/2022: 8.8
PERCENT)
    * H1 PRELIMINARY EBIT MARGIN WAS 12.9 PERCENT (H1/2022: 8.2
PERCENT)
    * GENERATED PRELIMINARY REVENUE OF EUR 698.7 MILLION IN Q2
OF 2023

Source text for Eikon:  ID:nEQ3YXwwca 
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