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The shares of PALFINGER AG are listed on the prime market on the Vienna Stock Exchange. In Germany, they are traded over the counter in Frankfurt, Stuttgart, Berlin, Munich, and Dusseldorf. Since March 2005, there has been an ADR 1 Level listing in New York. PALFINGER stock is included in the ATX Prime and ATX Global Players indexes as well as the Austrian VÖNIX sustainability index. PALFINGER AG stock has been included in the MSCI Global Small Cap Index since 2018.

Starting from a price of EUR 29.95 at the end of 2019, the share price rose to a high of EUR 30.50 on January 8 and 13, 2020. With imposition of the lockdown, the share price fell to a low of EUR 15.40 on March 19, mirroring the trend of other stock in Austria. The price subsequently recovered, especially after publication of the Q3 2020 results. On December 31, 2020, shares closed at EUR 25.90, 11.45 percent below the 2019 closing price. The average trading volume in 2020 fell by 26.4 percent compared to the preceding year.

FINANCIAL CALENDAR

Title City Date from Date to Country iCal
Annual General Meeting Bergheim/Salzburg 07.04.2021 07.04.2021 Austria Download
Publication 1st Quarter 2021 Bergheim/Salzburg 30.04.2021 30.04.2021 Austria Download
Publication 1st half year 2021 Bergheim/Salzburg 30.07.2021 30.07.2021 Austria Download
Publication 1st – 3rd quarter 2021 Bergheim/Salzburg 29.10.2021 29.10.2021 Austria Download
The share has more than quadrupled since the IPO in 1999!
CFO
Felix Strohbichler

5 reasons for an invest

  1. Global technology and market leader

  2. Strategic core shareholder holds approx. 58 per cent of the shares 

  3. Continuous dividend policy 

  4. Best-in-class at investors embracing sustainability 

  5. Attractive valuation

SHAREHOLDER ANALYSIS

The Palfinger family, which either directly or indirectly owns approx. 56.6 per cent of the shares in PALFINGER AG, is PALFINGER’s stable core shareholder with seats on the Supervisory Board. In addition, there is a cross shareholding between PALFINGER and the SANY Group, which holds 7.5 per cent in PALFINGER AG. The remaining shares (approx. 35.9 per cent) are in free float. According to the information available to PALFINGER AG, a significant portion of the free float is held by retail shareholders; the majority is held by institutional investors, primarily from Continental Europe.

Dividend

PALFINGER AG pursues a continuous dividend policy. Under this policy, approximately one-third of annual profit is to be distributed to shareholders. In 2020, the consolidated net profit of PALFINGER AG amounted to EUR 364.1 million. Based on this, the PALFINGER Executive Board and Supervisory Board will propose a dividend of EUR 0.45 (2019: EUR 0.35) per share at the Annual General Meeting on April 7, 2021.

 

EUR 2018 2019 2020
Low 21.10 20.85 15.40
High 37.70 30.70 30.50
Average Price 31.30 25.69 22.29
Price at year end 22.20 29.25 25.90
Earnings per share1) 1.54 2.13 1.32
Operating cash flow per share1) 3.36 4.15 5.98
Dividend per share 0.51 0.352) 0.452)
Dividend yield in relation to the average share price 1.6% 2.8% 2.0%
Market capitalization as at year end (EUR million) 834.57 1,099.60 973.67

 

1) Calculated using the weighted average number of shares outstanding.
2) Proposal to the Annual General Meeting.

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