Wacker Neuson SE ETR:WAC has been upgraded to a strong buy with a 2012 price target of 18 Euro issued today by Shayne Heffernan.

Wacker Neuson SE announced that it has confirmed its raised forecast for the entire fiscal year 2011.

The Company still expects revenue to increase between EUR 880 million and EUR 920 million and the EBITDA margin to settle between 12 % and 13%.

Previously, the Company had projected that revenue would rise at least 15% to EUR 870 million relative to 2010’s figure (fiscal year 2010: EUR 757.9 million) and that the EBITDA margin would be at least 12% (fiscal year 2010: 10.3%) for fiscal year 2011.

Furthermore the Company expects to exceed pre-crisis revenue levels (the merged Wacker Neuson Group reported pro-forma revenue of around EUR 1 billion in 2007) one year earlier than anticipated in fiscal year 2012.

The Company also expects to achieve an EBITDA margin of 15% when it reaches the EUR 1 billion mark

Wacker Neuson SE is a Germany-based manufacturer of light construction equipment and compact construction machines.

The entire product portfolio comprises over 300 product groups. The Company is structured into three segments: Light Equipment, Compact Equipment and Services.

The Light Equipment segment is engaged in concrete technology, soil and asphalt compaction, demolition as well as demolition.

The Compact Equipment segment offers track and mobile excavators, wheel loaders, telehandlers, skid-steer loaders as well as dumpers, and covers the manufacture and sale of compact machinery under the Wacker Neuson, Kramer Allrad as well as Weidemann brands.

The segment Services encompasses repair and maintenance as well as rental business fields, each covering both light and compact equipment. Its activities are divided into three geographical markets: Europe, Americas and Asia.

Shayne Heffernan oversees the management of funds for institutions and high net worth individuals.

Shayne Heffernan holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.