Wacker Neuson SE / Miscellaneous 21.12.2009 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- (Munich, December 21, 2009) Wacker Neuson SE is currently evaluating its balance sheet structure as a result of current market conditions and assessing the goodwill attributed to the former subgroup Neuson Kramer. The impairment test is expected to result in a one-off write-down on intangible assets, primarily goodwill, in the amount of EUR 100 to 115 million to be posted in the annual financial statements for 2009. This impairment does not impact on liquidity and is based on the 2007 merger of the former Wacker Construction Equipment AG and the former Neuson Kramer Baumaschinen AG. The goodwill impairment results from the downturn in business compared with the previous year prompted by the economic crisis and its particularly strong impact on the compact equipment segment. This, in turn, has led to a fall in income posted by the former Neuson Kramer subgroup. During the course of the impairment test performed in the fourth quarter of 2009 and based on forecast figures, the net book value of the Neuson Kramer subgroup was compared with its current fair value. The results here revealed the need for impairment. The one-off, unscheduled consolidated impairment is estimated at around EUR 100 to 115 million (IFRS 3). The company's operating activities, liquidity level and credit situation are not affected by the goodwill impairment. The high equity ratio of about 80 percent remains largely unaffected by the write-down. The former Wacker Construction Equipment AG and the former Neuson Kramer Baumaschinen AG merged in October 2007. Initial consolidation took place on October 1, 2007. The company reported this increased risk of goodwill impairment in its nine-month report published on November 11, 2009. Wacker Neuson SE has seen its operational business stabilize in recent months and expects business to pick up during the coming fiscal year. Additional information on Wacker Neuson SE shares: ISIN: DE000WACK012 WKN: WACK01 Admission: Regulated market / Prime Standard; Frankfurt Stock Exchange Company headquarters: Germany Your contact partner: Wacker Neuson SE Imre Szerdahelyi Head of Corporate Communication PreuÃenstr. 41 80809 Munich, Germany Tel. + 49 - (0)89 - 354 02 - 251 E-Mail: ir@wackerneuson.com Internet: www.wackerneuson.com 21.12.2009 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|] --------------------------------------------------------------------------- Language: English Company: Wacker Neuson SE PreuÃenstr. 41 80809 München Deutschland Phone: +49 - (0)89 - 354 02 - 0 Fax: +49 - (0)89 - 354 02 - 390 E-mail: info@wackerneuson.com Internet: www.wackerneuson.com ISIN: DE000WACK012 WKN: WACK01 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hannover, München, Hamburg, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: Wacker Neuson SE: Goodwill impairment
| Source: EQS Group AG