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

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.