EANS-Adhoc: PALFINGER again achieved record revenue and earnings in 2016

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Annual Reports/annual report
07.02.2017

- Revenue grew by 10.3 per cent to EUR 1,357.0 million - EBITDAn
increased by 11.7 per cent to EUR 172.5 million and EBITn by 9.1
per cent to EUR 123.7 million - EBIT at record level of EUR 106.0
million despite restructuring - Establishment of marine business as
second mainstay after the acquisition of Harding - Dividend stable
at EUR 0.57 per share - High level of incoming orders in the fourth
quarter of 2016 and in early 2017

_____________________________________________________________________________
|_____________________________________|______2014|______2015|______2016|_____%|
|Revenue (EUR million)________________|___1,063.4|___1,229.9|___1,357.0|_10.3%|
|EBITDAn* (EUR million)_______________|_____104.6|_____154.4|_____172.5|_11.7%|
|EBITDAn margin* in %_________________|______9.8%|_____12.6%|_____12.7%|_____-|
|EBITn* (EUR million)_________________|______66.1|_____113.4|_____123.7|__9.1%|
|EBITn margin* in %___________________|______6.2%|______9.2%|______9.1%|_____-|
|EBIT_________________________________|______66.1|_____104.4|_____106.0|__1.6%|
|Consolidated net result (EUR million)|______38.2|______64.4|______61.2|_-5.0%|
|Dividend_____________________________|______0.34|______0.57|____0.57**|_____-|
|Human resources***___________________|_8,225****|_8,978****|_____9,580|__6.7%|

* Figures for 2015 and 2016 were normalized (n) by restructuring costs.
** Proposal to the Annual General Meeting.
*** On an annual average / Consolidated Group companies excluding
equity shareholdings, as well as excluding temporary workers.
**** Changes occurred due to internal control loops for the purpose of
improving data quality.

Bergheim, 7 February 2017

Performance of the PALFINGER Group
The PALFINGER Group continued to post further growth in 2016. In the LAND
segment, which includes all traditional land-based product areas, growth was
recorded in Europe, North America and CIS as well as in the Asia and Pacific
region. Following the acquisition of Harding - the largest in the history of
PALFINGER - the marine business was bundled in the separate SEA segment. The
consolidated revenue recorded by the PALFINGER Group increased by 10.3 per cent
to the new record level of EUR 1,357.0 million, as compared to EUR 1,229.9
million in 2015. Despite comprehensive restructuring measures and integration
costs in North America and in the marine business, EBIT reached the new record
figure of EUR 106.0 million. The management's focus was on operating
profitability normalized by restructuring costs. EBITDAn rose to EUR 172.5
million, corresponding to an extraordinarily high increase of 11.7 per cent, and
the EBITDAn margin, at 12.7 per cent, was slightly above the previous year's
level.

Earnings and dividend
The significant improvement in earnings reported by the LAND segment also

facilitated an extraordinarily strong increase at Group level:
Normalized EBITDA (EBITDAn) went up by 11.7 per cent, from EUR 154.4
million in the previous year to EUR 172.5 million, resulting in an
EBITDAn margin of 12.7 per cent after 12.6 per cent in the same
period of 2015. EBIT increased by 1.6 per cent, from EUR 104.4
million to EUR 106.0 million, which marks a new record figure. The
consolidated net result for the 2016 financial year was EUR 61.2
million, 5.0 per cent lower than the previous year's figure of EUR
64.4 million. Earnings per share came to EUR 1.63, as compared to EUR
1.73 in 2015. In line with PALFINGER's dividend policy, the
Management Board is going to propose to the Annual General Meeting
that a dividend of EUR 0.57 be distributed for the 2016 financial
year.

Outlook The conditions predicted for 2017 harbour a great deal of
political and economic uncertainty. Nevertheless, the management
considers further revenue growth to be realistic in light of the
satisfactory level of incoming orders in the fourth quarter of 2016
and in early 2017.

The full Integrated Annual Report for 2016 is available for download
at www.palfinger.ag/en/newsroom/annual-reports.

Both text and pictures are available in the newsroom of our website
at www.palfinger.ag.

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

Text und entsprechendes Bildmaterial stehen auch im Newsroom unserer
Internetseite www.palfinger.ag zur Verfügung.

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