Forecast for Q1 and full year 2021 after the cyber attack
02.02.2021
Following last week's cyber attack, PALFINGER AG has largely regained control of its IT systems and is currently working at full speed to restore its full operational capability. Following interruptions to operations, a gradual ramp-up of production and assembly plants is planned for the end of this week in order to achieve normalization of the production process.
Based on this development and the current forecast, the Executive Board of PALFINGER AG expects revenue in Q1 2021 above the level of Q1 2020 (EUR 393.2 million), while following the one-off effects of the cyber attack, the EBIT margin is expected to be below the level of Q1 2020 (8 percent). The target for the full fiscal year 2021 is revenue in excess of EUR 1.7 billion and an EBIT margin of 8 percent.
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.