PALFINGER AG / Profit Warning
21.03.2022
The Ukraine crisis impacts PALFINGER AG due to its volume of business in Russia. The crisis also further intensifies the availability problems of trucks and components. PALFINGER will therefore decrease its production volume in the coming weeks, with a corresponding negative impact on revenue and profitability.
From today's perspective, the EBIT in 2022 will, as a result, be significantly below the EBIT achieved in record year 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.