Wacker Neuson Group publishes Half-year Report and confirms the guidance for the financial year 2025

• Revenue amounted to EUR 1,074.9 million in H1/2025 (-10.8 percent year-over-year)
• EBIT margin in H1/2025 at 5.2 percent (-1.8 percentage points year-over-year)
• EBIT margin improvement in Q2/2025 to 7.6 percent (increase of 5.1 percentage points compared with Q1/2025)
• Positive free cash flow in H1/2025 amounting to EUR 67.7 million (H1/2024: EUR 4.5 million)
• NWC ratio significantly improved compared with June 30, 2024 (-3.5 percentage points)
• Guidance for the financial year 2025 confirmed

Munich, August 14, 2025 – the Wacker Neuson Group, a leading manufacturer of light and compact equipment, published its Half-year Report today and confirmed the guidance for the financial year 2025, which was published on March 26, 2025. After a challenging year 2024, the Wacker Neuson Group achieved an operational recovery in the first half of 2025. Despite the challenging macroeconomic environment, which had continued to weigh on performance, particularly in the first quarter of 2025, earnings before interest and taxes (EBIT) margin and revenue improved in the second quarter of 2025 compared with the prior quarter. This positive development is the result of targeted actions to enhance efficiency that were initiated in the prior year, supported by an order backlog that has grown since the beginning of the year.

In the first half of 2025 revenue reached EUR 1,074.9 million, corresponding to a decrease of 10.8 percent compared with the prior year (H1/2024: EUR 1,204.8 million). The EBIT margin in the first half of 2025 was at 5.2 percent driven mainly by negative volume effects and was therefore down year-over-year (H1/2024: 7.0 percent). The increase in free cash flow was particularly positive, driven by a higher cash flow from operating activities.

“Despite the continued volatile environment globally and only slow recovery in some markets we hold on tight onto our targets for the year. Especially in the current situation we benefit from our disciplined approach to cost management. At the same time we profit in the short- and mid-term from such economic stimuli as the German Special Fund for infrastructure,” explains Dr. Karl Tragl, CEO of the Wacker Neuson Group.

Results for the first half year of 2025 in detail:

• All regions with declining revenues: Revenue in the Europe region (EMEA) fell by 9.8 percent and amounted to EUR 835.2 million (H1/2024: EUR 925.6 million). Revenue in Germany, France, and the United Kingdom decreased year-over-year. A few markets in Southern, Northern and Eastern Europe showed positive development, which, however, was insufficient to compensate for the adverse trend. Revenue in the Americas region decreased by 13.1 percent to EUR 217.8 million (H1/2024: EUR 250.6 million). In the Americas region, demand in the first half of 2025 in comparison to the Europe region was characterized by more cautious ordering behavior due to continued macroeconomic and geopolitical uncertainty. In the Asia-Pacific region, revenue in the first half of 2025 declined as well, by 23.4 percent to EUR 21.9 million (H1/2024: EUR 28.6 million). The development in the Asia-Pacific region in the first half of 2025 was comparable to the rest of the world. The region was predominantly shaped by a decline in demand in Australia.
• EBIT margin in Q2/2025 up quarter-over-quarter, but down year-over-year: The EBIT margin in Q2/2025 improved by 5.1 percentage points compared with the prior quarter and amounted to 7.6 percent (Q1/2025: 2.5 percent). However, it was 0.1 percentage points down year-over-year (Q2/2024: 7.7 percent). Looking at the first half of 2025, the EBIT margin amounting to 5.2 percent decreased by 1.8 percentage points year-over-year (H1/2024: 7.0 percent). Key driver behind the EBIT margin decrease compared with the prior year was the decreased Group revenue, which led to a lower gross profit. Reductions in fixed costs in SG&A were insufficient to compensate for this effect.
• Net working capital decreased further: The net working capital of the Wacker Neuson Group decreased by 2.5 percent as of June 30, 2025 and amounted to EUR 691.4 million (December 31, 2024: EUR 709.3 million). This decline was primarily attributable to increased trade payables since the beginning of the year. The net working capital ratio as of June 30, 2025, on the basis of revenue for the last twelve months (LTM, or the last four quarters), was at 32.8 percent. The comparable figure as of June 30, 2024 was 36.3 percent. The net working capital ratio as of December 31, 2024, based on full-year 2024 revenue, was at 31.7 percent.
• Consistently positive free cash flow: After changes in net working capital and income taxes paid, cash flow from operating activities in the first half of 2025 amounted to EUR 99.5 million and therefore increased compared with the prior year (H1/2024: EUR 62.7 million). As a result, the free cash flow in the first half of 2025 amounted to EUR 67.7 million and was above the previous year (H1/2024: EUR 4.5 million). In the second quarter of 2025, the free cash flow amounted to EUR 48.3 million, also surpassing the same quarter of the previous year (Q2/2024: EUR 29.6 million). Cash and cash equivalents at June 30, 2025 amounted to EUR 24.0 million (December 31, 2024: EUR 35.3 million).

Guidance for the financial year 2025 confirmed

The Executive Board confirms the Guidance for the financial year 2025 published on March 25, 2025 and expects consolidated revenue to be between EUR 2,100 million and EUR 2,300 million, and an EBIT margin in a range between 6.5 percent and 7.5 percent. In addition, investments of approximately EUR 100 million were announced for the full year, and a net working capital ratio at year-end of approximately 30 percent.

Key figures of the Wacker Neuson Group

Earnings Call and Webcast

An earnings call and webcast for institutional investors and analysts is scheduled for August 14, 2025 at 1:00 p.m. CEST to present the H1/2025 results, followed by a Q&A session.

Registration for the event is possible after contacting ir@wackerneuson.com.

A replay will be available later on the Wacker Neuson Group website.

Contact:

Wacker Neuson SE

Peer Schlinkmann

Investor Relations

Preussenstrasse 41

80809 Munich

Tel. +49-(0)89-35402-1823

ir@wackerneuson.com

www.wackerneusongroup.com

The complete Wacker Neuson Group H1/2025 Report is available at: https://wackerneusongroup.com/en/investor-relations

For press images relating to the Wacker Neuson Group, please see: https://wackerneusongroup.com/en/group/press-and-news

About the Wacker Neuson Group:

The Wacker Neuson Group is an international network of companies, employing around 6,000 people worldwide. As a leading manufacturer of light and compact equipment, the Group offers its customers a broad portfolio of products, a wide range of services and an efficient spare parts service. Wacker Neuson Group is the partner of choice among professional users in construction, gardening, landscaping and agriculture, as well as among municipal bodies and companies in industries such as recycling and rail transport. The product brands Wacker Neuson, Kramer and Weidemann belong to the Group. Wacker Neuson SE shares are listed on the regulated Prime Standard segment of the Frankfurt Stock Exchange (ISIN: DE000WACK012, WKN: WACK01) and are member of the SDAX.