EANS-Adhoc: Palfinger AG / PALFINGER achieved new record levels of revenue and earnings due to strong demand from Europe

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Financial Figures/Balance Sheet/3-month report
27.04.2016

- Revenue grew by 9.1 per cent to EUR 318.8 million - EBIT showed
extraordinarily strong increase of 28.6 per cent to EUR 30.2
million - Consolidated net result rose by 29.0 per cent to EUR 18.6
million - Outlook still marked by growth

_____________________________________________________________________
_________ |______________|___Q1 2014*____|___Q1
2015*____|______+/-______|___Q1 2016_____| |Revenue |
264.0| 292.3| +9.1%| 318.8|

|(EUR million)_|_______________|_______________|_______________|_______________|
|EBIT | 20.3| 23.5| +28.6%| 30.2|
|(EUR million)_|_______________|_______________|_______________|_______________|
|EBIT margin | 7.7| 8.0| -| 9.5|
|in %__________|_______________|_______________|_______________|_______________|
|Consolidated | 11.9| 14.4| +29.0%| 18.6|
|net result for| | | | |
|the period | | | | |

|(EUR million)_|_______________|_______________|_______________|_____
__________| |Human | 7,220| 8,675|
+3.0%| 8,939| |resources**___|_______________|______________
_|_______________|_______________|

* Figures were adjusted with retrospective effect. ** Consolidated
group companies excluding equity shareholdings as well as
excluding temporary workers.

Salzburg/Wien, 27 April 2016

Performance of the PALFINGER Group

In the first quarter of 2016, the performance of the PALFINGER Group
was marked by revenue growth and an extraordinarily strong increase
in earnings. Revenue rose by 9.1 per cent to EUR 318.8 million (Q1
2015: EUR 292.3 million), setting a new record for a first-quarter
result. EBIT showed an extraordinarily strong increase of 28.6 per
cent from EUR 23.5 million to EUR 30.2 million, which is a new record
as well. This, in turn, generated a marked increase in the EBIT
margin, which came to 9.5 per cent, as compared to 8.0 per cent in
the first quarter of the previous year. The consolidated net result
for the first quarter of 2016 was EUR 18.6 million, 29.0 per cent
higher than the previous year's figure. Earnings per share came to
EUR 0.50, as compared to EUR 0.39 in the previous year.

Outlook

The present level of incoming orders gives reason to expect further
positive developments in the second quarter of 2016. In Europe,
visibility is still low but has stabilized in recent months. However,
estimating the further development of the market regions outside
Europe has become somewhat more difficult.

The management continues to expect a growth in revenue of approx. 10
per cent for 2016. PALFINGER still sees the potential to increase the
annual revenue generated by the Group, including the joint venture
companies in China and Russia, to approx. EUR 1.8 billion by 2017 and
intends to reach this goal through acquisitions and by completing its
product portfolio in the market regions outside Europe.

Further inquiry note:
Hannes Roither, PALFINGER AG
Company Spokesperson
Tel.: +43 662 2281-81100
mailto: h.roither@palfinger.com
www.palfinger.ag

end of announcement euro adhoc
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issuer: Palfinger AG
Lamprechtshausener Bundesstraße 8
A-5020 Salzburg
phone: 0662/2281-81101
FAX: 0662/2281-81070
mail: ir@palfinger.com
WWW: www.palfinger.ag
sector: Machine Manufacturing
ISIN: AT0000758305
indexes: Prime Market
stockmarkets: official market: Wien
language: English