on Wacker Neuson SE (isin : DE000WACK012)
Wacker Neuson Group Revises Fiscal Year 2024 Guidance Amid Weak Market
The Wacker Neuson Group has released its preliminary business figures for the first half of 2024, showing a decline in performance due to a weak market. Group revenue for H1 2024 was EUR 1,204.8 million, an 11.8% drop from the previous year. EBIT margin fell to 7.0%, down by 5.9 percentage points.
Despite an improved EBIT margin of 7.7% in Q2 2024, weak demand in the construction and agricultural machinery markets has led to revised year-end projections. The Executive Board now expects full-year revenue to be between EUR 2,300 million and EUR 2,400 million, with an EBIT margin of 6.0% to 7.0%.
CEO Dr. Karl Tragl noted the industry's continued weakness and the company's need to adjust cost structures. Although positive cash flow was achieved through inventory reduction, the overall market environment remains challenging. Final figures for H1 2024 will be published on August 13, 2024.
R. H.
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