Stock

PALFINGER AG’s shares 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. PALFINGER shares are included in the ATX Prime and ATX Global Players indices as well as in the Austrian sustainability index VÖNIX. PALFINGER AG shares have been included in the MSCI Global Small Cap Index since 2018.

Based on the price of EUR 34.40 at the end of 2021, PALFINGER shares had a weak start to the stock market year at the beginning of January 2022. This was caused by the ad hoc profit warning for the first quarter and the first half of 2022, issued on January 20 2022. This was triggered by significant cost increases which, due to the record order backlog, could not be passed on to the market immediately. Then, on February 24, Russia invaded Ukraine and stock prices around the world came under pressure. The war in Ukraine also aggravated the availability problems for trucks and chips, which is why PALFINGER had to publish another profit warning for the whole of 2022 on March 21.

From August 2022, the central banks continuously increased their key interest rates and fears of rising inflation and recession grew. This led to further uncertainty on the capital markets. In addition, supply chain problems and cost increases, which were also priced into the stock markets, continued to be the focus in the summer of 2022. At the beginning of September 2022, the potential energy crisis unsettled the capital markets, which again put pressure on prices. In October 2022, there was speculation about the further development of the construction industry and In the middle of the month, the PALFINGER share briefly fell below EUR 19.00. From the end of October, the mood on the stock exchanges was more positive again. PALFINGER shares also went up.

On December 31, 2022, the closing price was EUR 23.65. This corresponds to a drop in price of EUR 31.25 percent in 2022. In comparison, the ATX was down by 19.03 percent. The average daily trading volume of PALFINGER shares fell by 11.77 percent in 2022 compared to the previous year.

The Palfinger family, which either directly or indirectly owns approx. 56.4 per cent of the shares in PALFINGER AG, is PALFINGER’s stable core shareholder with seats on the Supervisory Board.PALFINGER AG itself holds 7.5 percent of its own shares. The remaining shares (approx. 36.1 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.

PALFINGER AG pursues a continuous dividend policy. Under this policy, approximately one-third of annual profit is to be distributed to shareholders. In 2022, the consolidated net profit of PALFINGER AG amounted to EUR 71.4 million. Based on this, the PALFINGER Executive Board and Supervisory Board will propose a dividend of EUR 0.77 (2021: 0.77 EUR) per share at the Annual General Meeting on March 30, 2023.

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