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.
With innovative lifting solutions, PALFINGER sets standards worldwide. The leading technology and engineering company turns 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 top performance throughout the entire product lifecycle.
Around 12,350 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 2.36 billion in 2024.
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.