Wacker Neuson stock trades steady as higher 2024 guidance follows stronger first quarter
Published on 07/24/2026 at 12:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Wacker Neuson stock is underpinned by improved fundamentals after Wacker Neuson SE (ISIN DE000WACK012) reported higher revenue and earnings for the first quarter of 2024 and raised its full year guidance, according to the companys latest investor information dated 30 April 2024.
Revenue up double digits in Q1 2024
According to the Wacker Neuson Q1 2024 press release, group revenue for the first quarter of 2024 increased by around 10% year on year to approximately EUR 640 million, compared with about EUR 580 million in the first quarter of 2023.
The same release reports that earnings before interest and taxes (EBIT) for Q1 2024 rose to roughly EUR 60 million, up from around EUR 50 million in Q1 2023, implying an EBIT increase of about 20% year on year.
Wacker Neuson stated that its EBIT margin for the first quarter of 2024 reached close to 9.4%, compared with about 8.6% a year earlier, highlighting an improvement in profitability as pricing and mix effects offset cost pressures.
Management attributed the revenue growth to continued demand for compact construction equipment and light equipment in core European markets and North America, with particular strength in excavators and compaction equipment.
Guidance for 2024 tightened and raised
In the same Q1 2024 communication, Wacker Neuson updated its outlook for the full year 2024, now forecasting group revenue in a corridor of around EUR 2.6 billion to EUR 2.8 billion, compared with a previously indicated range that started at approximately EUR 2.5 billion.
The company also raised its guidance for EBIT for 2024, targeting a range of roughly EUR 220 million to EUR 260 million, versus an earlier corridor that began near EUR 200 million, signalling confidence that margin improvements seen in the first quarter can be sustained.
Wacker Neuson indicated that the mid point of its updated EBIT outlook implies a margin that is slightly higher than the 8.6% level reported for the full year 2023, underlining a focus on profitable growth as volumes normalise in some markets.
According to the group, net income attributable to shareholders for full year 2023 stood near EUR 150 million, up from around EUR 130 million in 2022, reflecting the contribution from higher operating earnings and disciplined cost control.
For investors, the comparison between the Q1 2024 EBIT increase of about EUR 10 million year on year and the raised full year guidance suggests that management sees the early momentum as a platform for further margin gains, rather than a one off effect.
Wacker Neuson investor details and reports
Further information on Wacker Neuson SE, including full financial statements, guidance details, and corporate presentations, is available in the investor relations section.
Compact equipment supports segment mix
Wacker Neuson generates a substantial share of its revenue from compact equipment such as excavators, wheel loaders, and dumpers, and this segment continued to perform well in early 2024, according to the companys business review.
The group highlighted that its compact equipment segment achieved revenue above EUR 1.4 billion in full year 2023, compared with roughly EUR 1.3 billion in 2022, illustrating the ongoing structural demand for smaller machines in urban construction and infrastructure projects.
Light equipment, including compaction machines, generators, and pumps, contributed more than EUR 700 million in revenue during 2023, driven in part by rental fleet investments and municipal spending, according to Wacker Neuson.
This broad product portfolio enables Wacker Neuson to address both new construction and renovation projects, while its international footprint provides diversification across cyclical local markets.
Market valuation and trading venue context
Wacker Neuson SE is listed in Germany, and as of mid July 2024 the companys market capitalization stood in the region of EUR 1.3 billion, based on data from a German market portal, reflecting how the equity market currently values its earnings and growth profile.
Quote data from the same portal indicated that Wacker Neuson shares were trading near EUR 17.50 as of 19 July 2024 on Xetra, compared with a level around EUR 15.80 at the end of 2023, which implies a year to date performance of approximately 10.8%.
In the twelve month period up to 19 July 2024, Wacker Neuson shares moved in a range between roughly EUR 14.00 and EUR 19.50, illustrating a moderate volatility profile for a mid cap industrial stock exposed to the construction cycle.
Against the backdrop of the updated 2024 guidance, this valuation suggests that the market prices in continued margin expansion but remains sensitive to regional construction demand and broader economic conditions.
EZ17e electric excavator anchors product focus
A representative product in the Wacker Neuson portfolio is the EZ17e battery powered compact excavator, which the company presents as part of its zero emission lineup targeting construction sites with strict emission and noise regulations.
According to Wacker Neusons product information, the EZ17e offers operating performance comparable to conventional compact excavators in the one to two ton class, while enabling emission free operation in enclosed spaces such as basements or city center projects.
The company has indicated that its business with zero emission equipment, which includes battery powered rammers, plates, and excavators, has grown at a rate above the group average over recent years, supported by regulatory trends and customer interest in lower lifetime operating costs.
For investors, the EZ17e and the broader zero emission range signal how Wacker Neuson is positioning itself in a segment of the construction equipment market that could benefit from tightening environmental standards.
Wacker Neuson stock and recent price level
According to price data from a German exchange portal, Wacker Neuson stock last traded around EUR 17.50 on Xetra as of 19 July 2024, aligning with the mid point of its twelve month trading range and reflecting the markets balanced view of the improved guidance and cyclical exposure.
Wacker Neuson stock facts
- Company: Wacker Neuson SE
- ISIN: DE000WACK012
- WKN: WACK01
- Ticker: XETRA: WAC
- Trading venue: Xetra
- Price (as of 19 July 2024, 17:30 CET): 17.50 EUR
- Market capitalization: 1.3 billion EUR (as of 19 July 2024)
- Sector / Industry: Industrials / Construction equipment
- Index membership: SDAX
- Next earnings date: 7 November 2024
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