3rd Quarter/Annual Earnings Forecast 2020
14.09.2020
Despite the significant drop in sales due to the COVID-19 crisis and on the basis of current business development and forecasting for the entire year of 2020, the Management Board of PALFINGER AG is expecting an EBIT margin of approximately 6 percent with sales of over 1.5 bn EURO.
3rd quarter 2020 sales is expected to be just slightly under 2019’s 3rd quarter sales however, the EBIT margin lies significantly below that of 2019.
The figures for the first three quarters of 2020 are going to be published as planned on October 30th, 2020.
PALFINGER is an international technology and mechanical engineering company and the world’s leading producer and provider of innovative crane and lifting solutions. With around 12,350 employees (not including contract workers), 30 manufacturing sites and a worldwide, comprehensive sales and service network, PALFINGER meets the challenges of its customers and creates added value. PALFINGER consistently continues on its path as a provider of innovative, smart complete solutions that deliver increased efficiency and better usability, while leveraging the potential of digitalization along the entire production and value chain.
PALFINGER AG has been listed on the Vienna stock exchange since 1999, and in 2024 achieved revenue of EUR 2.36 billion.
For further information please contact:
Hannes Roither | Group Spokesperson | PALFINGER AG
T +43 662 2281-81100 | h.roither@palfinger.com
Texts and accompanying images are available in the “News” section of www.palfinger.ag, www.palfinger.com.