PALFINGER news

PALFINGER AG: First Sustainable Financing of EUR 170 million

07.04.2022

PALFINGER AG secures financing with sustainability KPIs

  • Sustainable financing of EUR 170 million underlines focus on sustainability
  • Term of up to six years with highly attractive conditions
  • CO 2 emissions and accident rate as sustainability KPIs

PALFINGER AG took out its first sustainable financing in March 2022 to secure a volume of EUR 170 million. The conditions are highly attractive with a term of up to six years with an amortizing structure. The financing is also subject to two sustainability KPIs: production-related CO2 emissions and accident rate. The achievement of sustainability KPIs is audited annually, with a margin step-up/down if the target values are reached or are not achieved. Erste Group and Raiffeisen Bank International (RBI) acted as sustainability coordinators.

Sustainability has been the focus of PALFINGER AG for years. Last year, PALFINGER AG initiated its corporate strategy 2030, in which the topic of sustainability plays an important role regarding the company's further growth. A Sustainability Council ensures the implementation of PALFINGER’s ESG (Environmental, Social, and Governance) strategy and the transformation within the company.


ABOUT PALFINGER AG

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 12,000 employees, 34 locations 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 digitization along the entire production and value chain. 

PALFINGER AG has been listed on the Vienna stock exchange since 1999, and in 2021 achieved record revenue of EUR 1.84 billion. In 2022, PALFINGER celebrates its 90th anniversary under the tagline “Celebrating the future since 1932”.  

 

For further information please contact:

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

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