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Germany's Wacker Neuson Q3 revenue rises, narrows FY EBIT margin forecast

By Reuters News


Overview

  • Germany's light equipment maker Q3 revenue rose 7.2% yr/yr

  • Q3 EBIT margin improved to 7.7% from 7.5% yr/yr

  • Company narrowed 2026 EBIT margin guidance to 7.0-7.5% amid mixed market conditions


Outlook

  • Wacker Neuson sees 2026 revenue between EUR 2.3 bln and EUR 2.4 bln

  • Company narrows 2026 EBIT margin guidance to 7.0%-7.5% from 7.0%-8.0%

  • Company expects 2026 investments of about EUR 70 mln


Result Drivers

  • REGIONAL DEMAND - Growth in Europe and North America, especially France, UK, and US, offset weaker demand in DACH and Asia-Pacific

  • SEGMENT GROWTH - All business segments grew, led by compact equipment and increased demand for worksite and compaction equipment in North America

  • ONE-OFF EFFECTS - Q3 EBIT margin affected by cost optimization expenses, offset by US tariff refunds


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Slight Miss*

EUR 589.70 mln

EUR 590.50 mln (2 Analysts)

Q3 EPS

EUR 0.43

Q3 Net Income

EUR 29 mln

Q3 EBIT

EUR 45.60 mln

Q3 EBIT Margin

7.70%

Q3 Free Cash Flow

EUR 51.50 mln

*Applies to a deviation of less than 1%; not applicable for per-share numbers.


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"

  • The average consensus recommendation for the heavy machinery & vehicles peer group is "buy."

  • Wall Street's median 12-month price target for Wacker Neuson SE is €23.00, about 0.4% above its November 11 closing price of €22.90

  • The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago


Reuters Recommended Reads

  • Nov 10 - Caterpillar dealer Finning's Q3 revenue beats on Canada strength

  • Nov 10 - Heavy equipment provider Ameramex's Q3 revenue rises; posts operating profit

  • Nov 9 - EquipmentShare Q3 revenue surges on rental demand


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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