PALFINGER news

Earnings Forecast / Half-Year Forecast of PALFINGER AG

16.06.2020

On the basis of the current forecast for the entire year 2020, the Management Board of PALFINGER AG expects a slightly positive EBIT in the second quarter of 2020 with a significant decline in revenue in comparison to the same period of the previous year. A positive operating result is also expected for the second half of 2020 despite the significant revenue decline due to the COVID 19 crisis. Revenue for the entire year 2020 is expected to exceed EUR 1.4 billion.

The figures for the first half of 2020 are going to be published as planned on 30 July 2020.


ABOUT PALFINGER AG

PALFINGER is an international technology and mechanical engineering company and the world's leading provider of innovative crane and lifting solutions. With about 11,000 employees, 34 locations and a worldwide sales and service network of around 5,000 service points, PALFINGER guarantees customers immediate and optimal proximity.

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 allow 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 interest of sustainability plays a vital role in successful business operations. That 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 achieved a revenue of EUR 1.53 billion in 2020.

For further information please contact:

Hannes Roither | Company Spokesperson | PALFINGER AG
T +43 662 2281-81100 | h.roither@palfinger.com

This text and the corresponding images are available under “News” at PALFINGER’s website www.palfinger.ag, www.palfinger.com.