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 12,700 employees (without contract workers), 30 manufacturing sites 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 digitalization along the entire production and value chain.
PALFINGER AG has been listed on the Vienna stock exchange since 1999, and in 2023 achieved record revenue of EUR 2.45 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.
