Wacker Neuson Group Releases H1 2024 Report and Confirms Preliminary Figures

Munich, August 13, 2024 – The Wacker Neuson Group has published its half-year report for 2024, confirming earlier preliminary figures. Revenue for H1 2024 stands at EUR 1,204.8 million, reflecting a 11.8% decrease compared to last year. The EBIT margin for the same period was 7.0%, down from 12.9% in H1 2023. However, the EBIT margin improved to 7.7% in Q2 2024, increasing 1.5 percentage points over Q1 2024.

Positive free cash flow was recorded at EUR 4.5 million, a significant improvement from EUR -30.5 million in H1 2023. This was driven by a reduction in inventories. The group's ongoing cost reduction measures have shown positive effects in Q2 2024. Despite the weak market conditions and low order intake, these financial strategies have helped stabilize the company's finances.

The guidance for 2024 has also been adjusted, with expected revenue between EUR 2,300 to 2,400 million and an EBIT margin of 6.0 to 7.0 percent. Investments for the year are projected around EUR 100 million, and the net working capital ratio is anticipated to be approximately 34% by year-end.