Wacker Neuson SE (WAC.DE) Thursday said its third-quarter profit rose from last year, helped by higher revenue and lower operating costs. Going ahead, the company also lowered its outlook for fiscal 2025.
On the XETRA Exchange, WAC.DE is currently trading up 2.0 percent at 18.58 euros.
The German manufacturer of light and compact equipment reported third quarter profit of 26.7 million euros or 0.39 euros per share, higher than 9.7 million euros or 0.14 euros per share in the same period last year.
According to Wacker Neuson, quarterly revenue climbed 6 percent to 550.3 million euros from 517.6 million euros in the corresponding period a year ago.
During the three-month period, EBIT came in at 41.3 million euros, a 67 percent growth from 24.7 million euros in the prior-year quarter. EBIT margin rose to 7.5 percent from 4.8 percent in the same period of 2024.
Looking ahead, the company lowered its outlook for fiscal 2025, citing the slower-than-expected market recovery, higher tariffs costs and weaker demand from the US markets.
Wacker Neuson now expects revenue in the range of 2.15 billion euros to 2.25 billion euros, down from the earlier 2.10 billion euros to 2.30 billion euros, and an EBIT margin between 6.5 percent and 6.8 percent, lower than the previous range of 6.5 percent to 7.5 percent.
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