Forecast Update Revenue and Earnings for Q1 and Full Year 2021
12.04.2021
Based on the current forecast, the Executive Board of PALFINGER AG expects revenue for Q1 of 2021 to exceed revenue of the same period in 2020 (EUR 393.2 million), as already announced at the beginning of February. Thanks to a strong product mix as well as lower structural costs, the EBIT margin during the first three months of 2021 will be significantly higher than the previous year at around 10 percent (Q1 2020: 8.0 percent).
For the full year 2021, management aims to exceed the results obtained in 2019 (revenue EUR 1.75 billion, EBIT EUR 149 million), which was a record year.
As planned, the final figures for Q1 2021 will be published on April 30, 2021.
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 12,350 employees (not including contract workers), 30 manufacturing sites and a worldwide, comprehensive sales and service network, PALFINGER meets the challenges of its customers and creates added value. PALFINGER consistently continues on its path as a provider of innovative, smart complete solutions that deliver increased efficiency and better usability, 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 2024 achieved revenue of EUR 2.36 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.