EANS-Adhoc: PALFINGER capitalised on upward trend in the first three quarters 2010

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9-month report

11.11.2010

- Revenue grew by 19.9 percent to EUR 464.9 million - Market recovery
and savings measures allowed for above-average increase in
earnings - Revenue growth of more than 20 percent expected for the
entire year 2010

|million EUR |Q1-Q3 2010 | % |Q1-Q3 2009 |Q1-Q3 2008 |
|Revenue | 464.9 | + 19.9% | 387.9 | 607.2 |
|EBITDA | 39.0 |+ 283.3% | 10.2 | 90.3 |
|EBIT | 22.4 | - | (6.1) | 74.7 |
|EBIT margin | 4.8% | - | (1.6%) | 12.3% |

The PALFINGER Group recorded a highly satisfying business
performance in the first nine months of 2010.

The recovery of the markets was reflected in steady organic growth
and results that were clearly positive. Moreover, the Group´s entry
into the North American market of access platforms through the
acquisition of a majority stake in ETI in March 2010 as well as
the integration of the marine customer segment through the
acquisition of a majority stake in NDM in July brought about a
favourable inorganic growth of revenue and earnings. The measures
that were implemented in 2009 in order to cut costs and make the
value-creation process even more flexible as well as the focus
placed on increasing earnings in North and in particular in
South America were additional factors contributing to the
increase in margins. The positive trend of previous quarters was thus
continued even though revenue recorded in the third quarter 2010 fell
short of the second- quarter level due to the three-week company
holiday during the summer months, when earnings are traditionally
low.

At EUR 464.9 million, revenue in the first three quarters 2010 was
19.9 percent higher than in the same period of 2009, when revenue
was EUR 387.9 million. In the period under review EBIT came to EUR
22.4 million and, after EUR - 6.1 million in the same period of
2009, showed a significantly larger increase relative to
revenues.

The business performance over the first three quarters 2010
reflects the expected decline as a result of the company holiday in
the summer. Revenue (Q1: EUR 129.4 million; Q2: EUR 168.0 million;
Q3: EUR 167.5 million) in the third quarter 2010 still exceeded
the level recorded in the same period of 2009 by 41.1 percent.
EBIT has turned sustainably positive again (Q1: EUR 3.4 million;
Q2: EUR 10.1 million; Q3: EUR 8.8 million).

In the first nine months of 2010 cash flows from operating
activities came to EUR 32.9 million, thus almost attaining the
previous year´s level of EUR 33.6 million while, on the basis of
the acquisitions made, cash flows from investing activities
increased to EUR - 30.8 million. Free cash flow amounted to EUR 6.8
million, underlining PALFINGER´s equity financing capability.

In early November 2010 PALFINGER reached an agreement with
its former competitor Ross & Bonnyman Limited in Great Britain
regarding the takeover of its service business for commercial tail
lifts.

Hence, the satisfactory business performance was continued in the
third quarter 2010, even though revenue and earnings remained below
the previous quarter´s levels due to the company holiday. A
continuation of the underlying slight upward trend is expected
for the fourth quarter. For the entire 2010 financial year
management therefore reckons with a plus in organic and inorganic
growth of more than 20 percent, assuming that the very strong
increase in earnings will continue and that total earnings will be
clearly positive.

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