euro adhoc: Palfinger AG / Annual Reports / PALFINGER showed its strengths in the first three quarters 2008

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9-month report

06.11.2008

• Revenue increased by 20.3 percent, in particular through
acquisitions • 2.3-percent growth in EBIT reflects current
developments • Double-digit revenue growth and margin above 10
percent expected for the 2008 financial year, but lower EBIT as
compared to the previous year

in million EUR Q1-Q3 2008 % Q1-Q3 2007 Q1-Q3 2006
Revenue 607.2 + 20.3% 504.6 437.2
EBITDA 90.3 + 7.5% 84.0 69.1
EBIT 75.1 + 2.3% 73.3 59.3
EBIT margin 12.4% - 14.5% 13.6%

Bergheim, Salzburg, 6 November 2008

In the increasingly depressed economic climate the PALFINGER Group
continued to record double-digit growth in revenue in the first three
quarters 2008. However, growth rates no longer matched those achieved
in previous periods. Revenue for the first three quarters 2008 came
to EUR 607.2 million, corresponding to an increase of 20.3 percent as
compared to the previous year´s figure of EUR 504.6 million. EBIT for
the past nine months amounted to EUR 75.1 million, which is only 2.3
percent above the comparative value of EUR 73.3 million.

The growth in revenues reflected the strong crane business in the
first half 2008, which was to a large part also due to the backlog of
orders from the previous year and the inorganic growth achieved
through acquisitions in the course of 2008.

At 12.4 percent the EBIT margin is still at a pleasingly high level
but clearly below the 14.5-percent figure of the reporting period
2007. This decline was caused both by acquisitions - due to
accounting rules for initial consolidations and the shift in volumes
towards hydraulic systems, which generate lower margins - and changes
in the markets in view of the expected recession.

Outlook Management still expects double-digit revenue growth
throughout 2008 thanks primarily to acquisitions. In the crane
business it is expected that the results will fall short of the ones
for 2007. The development of the HYDRAULIC SYSTEMS & SERVICES segment
should lead to positive earnings.

Expectations still are for the consolidated EBIT margin to remain in
the double-digit range. However, Management assumes that the results
of the PALFINGER Group for 2008 will fall below those of the previous
year. The assessment of market scenarios that will be encountered is
going to be of vital importance as regards the upcoming impairment
tests which may also have an impact on earnings.

Despite the marked slowdown of the business environment PALFINGER has
still identified numerous opportunities for the next months and the
year 2009. Its sound capital basis has established PALFINGER as a
successful business partner in the long term and provides for an
active participation in the consolidation process. Therefore the
PALFINGER Group should be able to strengthen or expand its leading
market position.

end of announcement euro adhoc
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ots Originaltext: Palfinger Holding AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Hannes Roither, PALFINGER AG

Companyspokesperson

Tel.: +43 662 46 84-2260

mailto: h.roither@palfinger.com

www.palfinger.com

Branche: Machine Manufacturing
ISIN: AT0000758305
WKN: 919964
Index: ATX Prime, ATX
Börsen: Wiener Börse AG / official market