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 sets benchmarks with innovative crane and lifting solutions worldwide. As a leading technology and mechanical engineering company, PALFINGER transforms customer needs into seamlessly integrated solutions. A broad product portfolio and regional footprint drive balanced profitable growth. With its promise of Lifetime Excellence, PALFINGER delivers outstanding performance throughout the entire product lifecycle.
Around 12,000 employees, 30 international manufacturing sites, and a global distribution and service network ensure worldwide proximity to the market.
PALFINGER AG has been listed on the Vienna stock exchange since 1999 and achieved a revenue of EUR 2.34 billion in 2025.
For further information please contact:
Hannes Roither | VP Investor Relations | PALFINGER AG
M +43 664 206 9247 |h.roither@palfinger.com
Text and corresponding image material are available under "News" on the website www.palfinger.com.