EANS-Adhoc: Palfinger AG / Q1_2009

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quaterly report

05.05.2009

PALFINGER senses stabilisation of weak markets

o Markedly lower revenues and negative EBIT reported in the first
quarter 2009 o Market stabilisation noticeable in some areas o
Sound basis for long-term strengthening of the PALFINGER Group is in
place

|in million EUR |Q1 2009 |% |Q1 2008 |Q1 2007 |
|Revenue |140.4 |(32.8%) |208.9 |162.4 |
|EBITDA |2.0 |(94.3%) |34.3 |27.2 |
|EBIT |(3.2) |- |29.5 |24.0 |
|EBIT margin |(2.3%) |- |14.1% |14.8% |

In consideration of the weak economic climate, the PALFINGER Group,
as expected, did not continue its growth. After five record years in
a row the Group posted a decline in revenues and earnings in the
first quarter 2009. At EUR 140.4 million, revenue reached the level
of 2006 and was 32.8 percent lower than the previous year's figure of
EUR 208.9 million. This slump in revenue has resulted in a negative
EBIT of EUR - 3.2 million after EUR 29.5 million in the first quarter
2008. Due to its early response and its cost-savings policies,
PALFINGER still managed to achieve a positive EBITDA.

The first quarter 2009 was characterised by the implementation of
additional measures to reduce costs in all corporate areas and by
process optimisation projects. Utilisation of the production
capacities was supported by means of targeted insourcing and
manufacturing for third parties.

The divergent development of the individual product areas clearly
shows that the crane business, which is primarily dependent on the
construction and truck industries, is more severely affected by the
current macroeconomic situation than the divisions of the HYDRAULIC
SYSTEMS & SERVICES segment.

Following a distinct slowdown in order intake in 2008, the
inventories of dealers were also reduced. This allows PALFINGER to
return to using the weak, but stabilising market as a means of
direct orientation.

Management takes the general uncertainty of the markets into account
by increasingly analysing various scenarios in order to be prepared
for any developments that may take place. From today's point of view,
it is not possible to provide a reliable outlook for the entire year
2009.

The PALFINGER Group's solid corporate basis and the high quality of
its products in combination with the strong service and dealer
network prove to be enormous competitive advantages, in particular in
times of uncertainty. Moreover, the strengthening of PALFINGER's
financial structure by issuing promissory note bonds will support the
Group in actively exploiting potential market opportunities.

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

Company Spokesperson

Phone +43 662 46 84-2260

h.roither@palfinger.com

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