EANS-Adhoc: PALFINGER continues to grow, thanks to positive development in Europe and acquisitions - Strong increase in operating profitability

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Financial Figures/Balance Sheet/9-month report
27.10.2016

- 10.9 per cent revenue growth to EUR 996.6 million - Harding
acquisition makes PALFINGER world market leader in maritime
lifesaving equipment - 14.7 per cent increase in EBITDA normalized
by restructuring costs (EBITDAn) to EUR 131.1 million - 3.4 per
cent rise in consolidated net result to EUR 49.7 million

_____________________________________________________________________
_________

| | Q1-Q3 2014*| Q1-Q3 2015*| Q1-Q3 2016| %|
|Revenue | 782.5| 898.9| 996.6| 10.9%|
|(EUR million) |_______________|_______________|_______________|_______________|
|EBITDAn** | 82.0| 114.3| 131.1| 14.7%|
|(EUR million) |_______________|_______________|_______________|_______________|
|EBITDAn | 10.5%| 12.7%| 13.2%| -|
|margin** in % |_______________|_______________|_______________|_______________|
|EBITn** | 55.7| 84.0| 96.9| 15.4%|
|(EUR million) |_______________|_______________|_______________|_______________|
|EBITn | 7.1%| 9.3%| 9.7%| -|
|margin** in % |_______________|_______________|_______________|_______________|
|EBIT | 55.7| 77.3| 86.4| 11.7%|
|(operating | | | | |
|result) |_______________|_______________|_______________|_______________|
|Consolidated | 32.2| 48.1| 49.7| 3.4%|
|net result for| | | | |
|the period | | | | |
|(EUR million) |_______________|_______________|_______________|_______________|
|Human | 7,376| 8,765| 9,144| 4.3%|
|resources*** |_______________|_______________|_______________|_______________|

* Figures were adjusted with retrospective effect (see 2015 Annual Report
pp. 146-149).
** These figures for 2015 and 2016 were normalized (n) by restructuring costs.
*** Consolidated group companies excluding equity shareholdings as well as

excluding temporary workers.

Bergheim, 27 October 2016

Performance of the PALFINGER Group

In the first three quarters of 2016, the PALFINGER Group posted
further growth in a global environment that continued to be
divergent. Revenue rose by 10.9 per cent to EUR 996.6 million, as
compared to EUR 898.9 million in the first three quarters of 2015,
thus setting a new record for a third-quarter result. In particular
the positive development in Europe in almost all the product areas,
as well as the acquisition of Harding, contributed to the expansion
of business. However, the necessary restructuring in North America
and the marine business had a negative impact on results.

Profitability still showed satisfactory development. EBITDA
normalized by restructuring costs (EBITDAn) went up by 14.7 per cent
to EUR 131.1 million, resulting in a margin of 13.2 per cent.
Restructuring costs amounted to EUR 10.6 million, as compared to EUR
6.6 million (retrospectively calculated) in the same period of the
previous year. EBIT thus increased by 11.7 per cent from EUR 77.3
million to EUR 86.4 million. The consolidated net result for the
first three quarters of 2016 was EUR 49.7 million, 3.4 per cent
higher than the previous year's figure of EUR 48.1 million. Earnings
per share came to EUR 1.33, as compared to EUR 1.29 in the previous
year.

Outlook

The level of incoming orders gives reason to expect that in the
fourth quarter of 2016 the PALFINGER Group will continue to record
generally positive, albeit divergent, business development at
regional level. Moreover, the acquisition of the Harding Group has
resulted in an enormous expansion of PALFINGER's business. However,
the necessary restructuring measures, particularly in North America
and in the marine business, will impact negatively on earnings.

For the 2016 financial year, the management still expects revenue
growth of approx. 10 per cent, and an increase in earnings when
normalized by integration and reorganization expenses. PALFINGER
still sees the potential to increase the annual revenue generated by
the Group, including the joint venture companies in China and Russia,
by 2017.

The Interim Report for the First Three Quarters of 2016 is available
for download at www.palfinger.ag/en/newsroom/financial-reports.

Text and related picture material is available for downloading from
the Press Corner on our website at www.palfinger.ag.

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

Original-Content von: Palfinger Holding AG, übermittelt durch news aktuell