Germany · Delayed Price · Currency is EUR Wacker Neuson SE Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw nearly 20% revenue growth and a 4.5pp EBIT margin increase, driven by strong European demand and robust order intake. Guidance for FY 2026 is confirmed, with moderate market upturn expected and continued investment planned.
Fiscal Year 2025
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Revenue remained flat at EUR 2.2 billion in 2025, with EBIT margin improving to 6.0% despite one-time costs. Free cash flow rose to EUR 202 million, net debt dropped over 40%, and a dividend of EUR 0.70 per share is proposed. 2026 guidance anticipates moderate growth and higher margins.
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Revenue declined 5.6% year-over-year to EUR 1.625 billion for the first nine months of 2025, with profitability stabilizing in Q3 despite weak U.S. demand. Guidance for 2025 was narrowed, and efficiency measures supported improved margins.
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Operational recovery in H1 2025 led to sequential revenue and EBIT margin improvements, with revenues on track for full-year guidance. Europe and Americas saw double-digit revenue declines, but order momentum and cost measures support a positive H2 outlook.
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Q1 2025 revenue and EBIT margin declined due to weak prior order intake, but a strong recovery is expected from Q2 onward, supported by a rising book-to-bill ratio and positive momentum from the Bauma trade fair. Services and light equipment segments showed growth, while compact equipment declined.
Fiscal Year 2024
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Revenue declined 16% in 2024 due to weak demand and high dealer inventories, but free cash flow and net working capital improved significantly. 2025 guidance anticipates revenue of EUR 2.1–2.3 billion and an EBIT margin of 6.5%–7.5%, with recovery expected from Q2 onward.
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Revenue fell 14.5% year-over-year to €1,722 million, with EBIT margin dropping to 6.3% amid weak markets and high dealer inventories. Cost reductions and inventory management boosted free cash flow, while services and innovation provided resilience. 2024 guidance was lowered, with continued focus on profitability and efficiency.
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Revenue declined 12% year-over-year amid weak market demand, but cost reductions and service growth supported margins. Full-year guidance was lowered, with recovery expected in 2025 as inventories normalize and cost savings take effect.