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.
ABOUT PALFINGER AG
The international mechanical engineering firm of PALFINGER is the global leader for innovative crane and lifting solutions. With a workforce of over 11,600, 34 manufacturing sites and a worldwide network of dealerships and maintenance centers at over 5,000 locations, PALFINGER is always close to the customer.
As the leader in its engineering field, the company aims to ensure its partners’ business success in the long term by providing solutions and products that remain economically and ecologically viable in the future. Its broad product and model portfolio allows PALFINGER to take digitalization and the deployment of artificial intelligence to new levels.
As a global company with strong roots in its home region, PALFINGER is convinced that thinking and acting in the interests of sustainability plays a vital role in successful business operations. This is why the company assumes social, ecological and economic responsibility along the entire value chain.
PALFINGER AG has been listed on the Vienna stock exchange since 1999 and in 2020 achieved a revenue of EUR 1.53 billion.
For further information please contact:
Hannes Roither | Company Spokesperson | PALFINGER AG
T +43 662 2281-81100 | firstname.lastname@example.org