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 world’s leading producer of innovative crane and lifting solutions. With around 12,000 employees, 31 manufacturing sites and a worldwide network of dealerships and service centers at over 5,000 locations, PALFINGER takes on its customers’ challenges and creates added value. 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 digitization along the entire production and value chain.

PALFINGER AG has been listed on the Vienna stock exchange since 1999 and in 2021 achieved record revenue of EUR 1.84 billion. In 2022, PALFINGER celebrates its 90th anniversary under the tagline “Celebrating the future since 1932.”

 

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.