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.
PALFINGER is an international technology and mechanical engineering company and the world's leading producer and provider of innovative crane and lifting solutions. With over 12,500 employees (without contingent 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 2022 achieved record revenue of EUR 2.23 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.
