EANS-Adhoc: PALFINGER AG / Profit Warning for Q1 and First Half of 2022
20.01.2022
Key word: Profit Warning
Based on a current forecast, an EBIT is emerging for the first quarter and for the first half of 2022 that is significantly below the previous year's EBIT due to massive cost increases and an unstable supply chain. The price increases that have already been communicated to the market have a heavily delayed affect due to the high order backlog and as a consequence are unable to adequately compensate for the cost increases in the first half of 2022. For the second half of 2022, PALFINGER expects further price increases to take effect and to compensate for the decline in EBIT during the first half of 2022. This should ensure that the earnings level of the successful fiscal year 2021 is reached again.
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 12,700 employees (without contract workers), 30 manufacturing sites and a worldwide sales and service network of around 5,000 service points, PALFINGER creates added value from the challenges of its customers. PALFINGER is consistently continuing on its course as a provider of innovative, complete solutions that deliver increased efficiency and better operability, 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 2023 achieved record revenue of EUR 2.45 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.
