EANS-Adhoc: Palfinger AG / Results Q1

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3-month report

11.05.2010

11.05.2010

In the first quarter 2010 PALFINGER emerges from crisis stronger than
before

• Revenue still below first quarter 2009 but on the increase in all
areas • EBIT and consolidated net result for the period back in the
positive • Continuation of growth strategy planned - both organic and
inorganic

million EUR | Q1 2010 | % | Q1 2009 | Q1 2008
Revenue | 129.4 | (7.8 %) | 140.4 | 208.9
EBITDA | 8.3 | 310.6 % | 2.0 | 34.3
EBIT | 3.4 | - | (3.3) | 29.5
EBIT margin | 2.7 % | - | (2.4 %) | 14.1 %

Bergheim, Salzburg, 11 May 2010

The PALFINGER Group took advantage of the recovery of the economy in
the first quarter 2010: In comparison with the falling sales figures
recorded in 2009, the Company experienced a trend reversal. As
compared to the fourth quarter 2009, the weakest in 2009, revenues
went up by approximately 10 percent - still clearly below the
comparative figure recorded in the first quarter 2009. The measures
that were implemented in 2009 in order to cut costs and make the
value-creation process more flexible continue to be significantly
reflected in earnings, which are clearly now back in the positive.

At EUR 129.4 million, revenue is 7.8 percent lower than in the first
quarter 2009, when revenue was EUR 140.4 million. In the first three
months of 2010, EBIT came to EUR 3.4 million as compared to EUR - 3.3
million in the first quarter 2009. On this basis PALFINGER´s
consolidated net result turned positive again, amounting to EUR 0.8
million in the first quarter 2010.

In the first quarter 2010 cash flows from operating activities more
than doubled as compared to the previous year (EUR 4.3 million) and
amounted to EUR 9.3 million.

A comparison with the previous quarter, the fourth quarter 2009,
shows for the first time since 2008 a plus in revenue of 10.2
percent. In the fourth quarter 2009, EBIT amounted to EUR 1.0
million. The increase of more than 200 percent recorded in the first
quarter 2010 is primarily due to rising revenues.

PALFINGER is not yet in a position to make reliable forecasts for the
entire 2010 financial year as markets are expected to be increasingly
volatile. However, management expects revenues to pick up slightly in
almost all sectors. On this basis an organic growth of Group revenue
in the amount of 10 to 15 percent is assumed.

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

Konzernsprecher

Tel.: +43 662 46 84-2260

h.roither@palfinger.com

Branche: Machine Manufacturing
ISIN: AT0000758305
WKN: 919964
Index: ATX Prime, Prime Market
Börsen: Wien / official market