Wacker Neuson Group Reports Strong Revenue and Earnings Growth for Fiscal 2023

In the fiscal year 2023, Wacker Neuson Group demonstrated robust financial performance amidst challenging economic conditions. The company reported a significant revenue increase of 17.9% reaching EUR 2,654.9 million, alongside a 35.4% rise in EBIT to EUR 273.2 million. This growth follows a firm execution of the company's Strategy 2030, targeting long-term revenue of EUR 4 billion and an EBIT margin exceeding 11%.

Despite facing economic headwinds in the latter half of the year, Wacker Neuson's diverse product demand and strategic pricing adjustments facilitated this advancement. Specifically, the EMEA region led with an 18.3% revenue increase, heavily supported by the agriculture and construction sectors in Germany, France, and Switzerland. In comparison, the Americas saw a 21.2% revenue jump, while the Asia-Pacific faced an 8.9% reduction, largely due to a downturn in China.

Further financial stability is underscored by a proposed dividend of EUR 1.15 per share, marking a consistent return for shareholders. This proposal will be up for approval at the upcoming Annual General Meeting on May 15, 2024.

Looking ahead, Wacker Neuson anticipates a year of consolidation in 2024, with revenue projections ranging between EUR 2,400 and 2,600 million and an EBIT margin between 8.0 and 9.0 percent. This forecast is set against a backdrop of ongoing global political and economic uncertainty, guiding the company's cautious outlook for the coming fiscal period.