PALFINGER news

The executive and supervisory boards of PALFINGER AG propose a dividend of EUR 0.35 per share for the 2019 financial year

08.06.2020

At today's supervisory board meeting, the supervisory board of PALFINGER AG decided to propose a dividend of EUR 0.35 per share for the 2019 financial year at the 32nd annual general meeting to be held on August 5, 2020. The supervisory board thus follows the proposal of the executive board in accordance with the executive board’s decision on the same day. The total amount of the proposed profit distribution is EUR 13,157,640.30.

Since its stock exchange listing in 1999, PALFINGER AG has pursued a stable dividend policy with a payout ratio of around one third of the net profit generated. As further effects of the global corona pandemic on PALFINGER AG are currently difficult to assess, the proposed appropriation of earnings is around 50 percent lower than the dividend of EUR 0.71 per share originally proposed at the annual general meeting held in February 2020.

The annual general meeting of PALFINGER AG takes place online on August 5, 2020.


ABOUT PALFINGER AG

PALFINGER is an international technology and mechanical engineering company and the world's leading provider of innovative crane and lifting solutions. With over 11,000 employees, 35 locations and a worldwide sales and service network with over 5,000 service points, PALFINGER guarantees customers immediate and optimal proximity.

With its future-proof complete and product solutions, PALFINGER, as a technology leader puts benefits reaped by the customer at the center of its innovation efforts. Consistent digitalization and the use of the latest technologies increase: operator safety and comfort, operational capability and service life, thus ultimately contributing to the corporate success of its customers and partners.

As a global company with strong regional roots, PALFINGER knows that sustainable thinking and behavior contribute significantly to economic success. For this reason, the company assumes social, environmental and economic responsibility along the entire supply chain.

PALFINGER AG has been listed on the Vienna Stock Exchange since 1999 and generated 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.