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
PALFINGER (CEO Andreas Klauser) is a leading international manufacturer of innovative lifting solutions for use on commercial vehicles, ships and stationary equipment. Based in Bergheim, Austria, the PALFINGER Group develops and produces leading solutions for its customers and partners all over the world. With more than 11,000 employees and over 5,000 sales and service centers, PALFINGER is close to the market and to its customers.
As a technology leader, the company also drives digitalization, electrification and autonomous systems as central components for future solutions and products in order to secure a long term partnership and success with its customers.
Convinced that sustainable thinking and acting significantly contributes to economic success, PALFINGER takes social, ecological and economic responsibility along the entire value chain.
With this vision and conviction to offer the most efficient and innovative solutions for its customers and partners, PALFINGER generated total sales of EUR 1.75 billion in 2019.
For further information please contact:
Hannes Roither | Company Spokesperson | PALFINGER AG
T +43 662 2281-81100 | firstname.lastname@example.org