PALFINGER news

PALFINGER Earnings 2019: Records and course-setting decisions - short version

18.02.2020
  • Revenue exceeded EUR 1.75 billion
  • EBIT margin increased to 8.5 percent
  • Record 38.1 percent increase in consolidated net profit for the period
  • GPO successfully implemented – investment in future-proof structures, improved transparency and greater clout
  • Conclusion of the restructuring of the SEA segment, second half of 2019 operationally positive

Bergheim, 18 February 2020

The Supervisory Board of PALFINGER AG adopted the annual financial statements today. The press conference and presentation of the balance sheet for investors and journalists will take place tomorrow, Wednesday, February 19, 2020, at 9:30 a.m. in Vienna. Here are the key developments and results in brief:


Outstanding result

Record levels for revenue, EBIT, and consolidated net profit for the period, the operational break-even result in the second half of 2019 in the Segment SEA, the implementation of the new global organizational structure (GPO), and a series of investments in the future: Fiscal year 2019 was extremely successful for PALFINGER AG.


Development of earnings

EBITDA increased by EUR 13.7 percent from EUR 196.7million to EUR 223.6 million, while the EBITDA margin was 12.8 percent after amounting to 12.2 percent in fiscal year 2018. EBIT increased by 17.4 percent to EUR 149.0 million – the highest level in the history of PALFINGER. The EBIT margin rose from 7.9 percent in 2018 to 8.5 percent in 2019.

Consolidated net profit for the year 2019 increased by 38.1 percent to EUR 80.0 million compared with EUR 58.0 million in the previous year – also a record amount in the history of PALFINGER.


Outlook

The management remains committed to its goals for 2022: total revenues of EUR 2.0 billion as well as an average EBIT margin and average ROCE of 10 percent above and beyond the economic cycle.

You can find the online version of the 2019 Integrated Annual Report here: i-report.palfinger.ag and https://www.palfinger.ag/en/news/publications


ABOUT PALFINGER AG

PALFINGER (CEO Andreas Klauser) is a leading international manufacturer of innovative lifting solutions for use on commercial vehicles, ships and stationary equipment. Based in Bergheim, Austria, the PALFINGER Group develops and produces leading solutions for its customers and partners all over the world. With more than 11,000 employees and over 5,000 sales and service centers, PALFINGER is close to the market and to its customers.

As a technology leader, the company also drives digitalization, electrification and autonomous systems as central components for future solutions and products in order to secure a long term partnership and success with its customers.

Convinced that sustainable thinking and acting significantly contributes to economic success, PALFINGER takes social, ecological and economic responsibility along the entire value chain.

With this vision and conviction to offer the most efficient and innovative solutions for its customers and partners, PALFINGER generated total sales of EUR 1.75 billion in 2019.

 

For further information please contact:

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

This text and the corresponding images are available under “News” at PALFINGER’s website www.palfinger.ag, www.palfinger.com.