PALFINGER AG / Outstanding 1st quarter 2024 / Earnings forecast for 2024 as a whole significantly lower than record year 2023
29.03.2024
At today’s adjustment meeting of global production capacities and procurement volumes, PALFINGER’s management decided to reduce production levels due to continuing low order intake in the core region EMEA. As a result of this decision, a slight drop in revenue is expected for 2024 as a whole compared to 2023, as is EBIT 20 percent below that of record year 2023 (EBIT 210.2 million).
Due to the high volume of billing in the last days of March 2024, PALFINGER’s management expects earnings for Q1/2024 significantly higher than the same period of the previous year (EBIT Q1/2023: EUR 48.9 million).
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.