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The shares of PALFINGER AG are listed in 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 Level 1 listing in New York. PALFINGER stock is included in the ATX Prime index and ATX Global Players index as well as the Austrian VÖNIX sustainability index. At the end of November 2018, the shares of PALFINGER AG were included in the MSCI Global Small Cap Index for the first time. In 2018, a pronounced decrease was recorded in the price of PALFINGER shares, particularly in the second half of the year; the average trading volume hardly changed in comparison with the previous year, however. Starting from EUR 34.05 at the end of 2017, the share price reached a low of EUR 21.10 in December. At year end (28 December 2018), the shares closed at EUR 22.20, 34.8 per cent below the previous year’s level.

„
The share has more than quintupled since the IPO in 1999!
„
CFO
Felix Strohbichler

5 reasons for an invest

Bull and bear

  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

Ownership structure

The Palfinger family, which either directly or indirectly owns approx. 58 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. 34.5 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, which provides that approximately one third of the annual profit is to be distributed to shareholders. The net profit of PALFINGER AG for 2018 amounted to EUR 324.0 million: at the Annual General Meeting, the Executive Board and the Supervisory Board will propose that a dividend of EUR 0.51 (previous year: EUR 0.47) per share be distributed.

 

EUR 2016 2017 2018
Low 22.71 29.30 21.10
High 28.99 42.00 37.70
Average Price 26.17 36.85 31.30
Price at year end 28.60 34.05 22.20
Earnings per share1) 1.63 (0,30)2) 1.54
Operating cash flow per share1) 2.93 2.54 3.36
Dividend per share 0.57 0.47 0.513)
Dividend yield in relation to the average share price 2.2% 1.3% 1.6%
Market capitalization as at year end (EUR million) 1,075.17 1,280.05 834.57


 

1) Calculated using the weighted average number of shares outstanding.
2) Figure was adjusted with retrospective effect (see the explanations on adjustments with retrospective effect on page 144).
3) Proposal to the Annual General Meeting.

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