Wacker Neuson SE
XBER:WAC

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Wacker Neuson SE Logo
Wacker Neuson SE
XBER:WAC
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Price: 24.65 EUR
Market Cap: €2.5B

Wacker Neuson SE
Investor Relations

Wacker Neuson SE makes compact construction equipment and site machinery used on building sites, in landscaping, and in municipal work. Its product line includes mini excavators, wheel loaders, dumpers, compactors, pumps, generators, and related equipment that help customers move earth, move materials, and keep job sites running. The company also sells replacement parts and offers service support for the equipment it builds. Its main customers are construction contractors, rental companies, utilities, and public-sector users that need smaller machines for jobs where full-size equipment is too large or expensive to use. Wacker Neuson sells through dealers, direct sales channels, and equipment rental fleets, so it reaches both buyers who own machines and companies that rent them out to end users. A good part of its business comes from selling machines up front and then earning follow-on revenue from parts, repairs, and service. What makes Wacker Neuson different is its focus on compact equipment rather than giant earthmoving machines. That puts it in a niche where maneuverability, reliability, and ease of transport matter more than raw size. The company sits close to the end customer in the construction value chain, but it also depends on dealer and rental networks to get its machines onto job sites.

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Last Earnings Call
Fiscal Period
Q2 2025
Call Date
Aug 14, 2025
AI Summary
Q2 2025

Revenue Trend: H1 2025 revenue reached EUR 1,075 million, with Q2 showing improvement over Q1, and management states full-year revenue is on track to meet guidance.

Profitability: EBIT margin recovered quarter-on-quarter, rising from a weak Q1 to 7.6% in Q2, but the H1 margin (5.2%) remains below last year due to a soft start.

Regional Weakness: Europe and Americas both saw double-digit revenue declines, especially in key markets, while Asia-Pacific was also weak, mainly due to Australia.

Order Book: Book-to-bill ratio remains above 1 year-to-date, though recent months dipped to 0.9, indicating demand is stabilizing but not accelerating.

Working Capital: Net working capital dropped by EUR 215 million year-on-year, mainly from lower inventories, supporting improved free cash flow.

Guidance Reaffirmed: Management confirmed guidance for both revenue and EBIT in 2025, expecting further profitability improvement in the second half.

Tariff Impact: The new 15% US-EU import tariff is factored into 2025 guidance, with most North American sales already locally produced to minimize exposure.

Key Financials
Revenue
EUR 1,075 million
Revenue (Q1 2025)
EUR 494 million
Revenue (Q2 2025)
EUR 581 million
EBIT Margin (H1 2025)
5.2%
EBIT Margin (Q2 2025)
7.6%
Book-to-Bill Ratio (YTD July 2025)
1.1
Book-to-Bill Ratio (June/July 2025)
0.9
Net Working Capital (June 2025)
EUR 691 million
Net Working Capital (June 2024)
EUR 906 million
Net Working Capital Ratio (Q2 2025, annualized)
32.8%
Free Cash Flow (H1 2025)
EUR 68 million
Free Cash Flow (Q1 2025)
EUR 19 million
Free Cash Flow (Q2 2025)
EUR 48 million
Net Financial Debt (June 2025)
EUR 299 million
Leverage Ratio (LTM)
1.1
Equity Ratio
59%
Earnings Call Recording
Other Earnings Calls

Management

Dr. Karl Tragl
Chairman of the Executive Board & CEO
No Bio Available
Mr. Christoph Burkhard
CFO & Member of Executive Board
No Bio Available
Mr. Alexander Greschner
Chief Sales Officer & Member of Executive Board
No Bio Available
Mr. Felix Bietenbeck
CTO, COO & Member of Executive Board
No Bio Available
Ingo Middelmenne
Investor Relations
No Bio Available

Contacts

Address
BAYERN
Muenchen
Preussenstrasse 41
Contacts
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