Wacker Neuson SE (XSWX:WAC)
CHF 24.28 0 (0%) Market Cap: 1.43 Bil Enterprise Value: 1.72 Bil PE Ratio: 8.70 PB Ratio: 0.67 GF Score: 78/100

Half Year 2019 Wacker Neuson SE Earnings Call Transcript

Aug 06, 2019 / NTS GMT
Release Date Price: CHF24.28
Martin Lehner
Wacker Neuson SE - CEO & Member of Executive Board

Hello, everybody. Welcome to our first half year conference call. I would start to give you overview -- first, overview about our key figures then I will hand over to my colleague, Wilfried, to give you more details on the financials.

Yes. Here you have the key figures, the results for Q2 2019 and for the first half year 2019. Overall, we achieved a very good growth in revenues also in Q2 2019 with plus 14%. The EBIT margin is in Q2, a little bit below last year. For the first half year 2019, revenue grows 15% and EBIT margin growth is 7%. Generally, we had a very strong development in sales, which has increased in all our major product lines, market shares and we had, once again, a very strong growth in agriculture with plus 32%.

We see the first half year, especially in Q2, a significant improvement in the global supply chain. We had a lot of issues last year and also in the beginning of this year. This situation improved significantly. We made progress in reducing our unfinished machines, which we reported continuously

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot