Wacker Neuson rises after higher 2022 sales, 2023 outlook

Wacker Neuson SE

28/03/2023 07:28

** Shares in Wacker Neuson  WACGn.DE  rise around 3% in
pre-market trade after the German construction machines maker
reported higher sales last year and gave an upbeat outlook on
2023
    ** The company's revenue rose 20.7% reaching 2.25 billion
euros
    ** Wacker Neuson guides for 2023 sales in the range of 2.3 -
2.5 billion euros and EBIT margin of 9.5-10.5%
    ** The guidance is above consensus, a local trader says,
though adds it includes lower double-digit million positive
one-off
    ** "It is difficult to judge if every analyst included the
cited one-off in its FY23 estimates, which makes evaluation of
guidance difficult," the trader adds
    ** The stock is at the top of the German small-caps index
 .SDAXI 

 (Reporting by Anastasiia Kozlova)
 ((Anastasiia.Kozlova@thomsonreuters.com))