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

The international mechanical engineering firm of PALFINGER is the global leader for innovative crane and lifting solutions. With a workforce of over 11,600, 34 manufacturing sites and a worldwide network of dealerships and maintenance centers at over 5,000 locations, PALFINGER is always close to the customer.

As the leader in its engineering field, the company aims to ensure its partners’ business success in the long term by providing solutions and products that remain economically and ecologically viable in the future. Its broad product and model portfolio allows PALFINGER to take digitalization and the deployment of artificial intelligence to new levels.

As a global company with strong roots in its home region, PALFINGER is convinced that thinking and acting in the interests of sustainability plays a vital role in successful business operations. This is why the company assumes social, ecological and economic responsibility along the entire value chain.

PALFINGER AG has been listed on the Vienna stock exchange since 1999 and in 2020 achieved a revenue of EUR 1.53 billion.

 

For further information please contact:

Hannes Roither | Company 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.