EANS-News: PALFINGER AG Earnings 2019

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PALFINGER Earnings 2019: Records and course-setting decisions

Annual Result

Bergheim -

* Revenue exceeded EUR 1.75 billion
* EBIT margin increased to 8.5 percent
* Record 38.1 percent increase in consolidated net profit for the period
* GPO successfully implemented - investment in future-proof structures, improved
transparency and greater clout
* Conclusion of the restructuring of the SEA segment, second half of 2019
operationally positive

______________________________________________________________________________
|EUR_million_______|_______________2018|_______________2019|__________________%|
|Revenue___________|____________1,615.6|____________1,753.8|_____________+8.6_%|
|EBITDA____________|______________196.7|______________223.6|_____________+13.7%|
|EBITDA_margin_in_%|_______________12.2|_______________12.8|__________________-|
|EBIT______________|______________127.0|______________149.0|_____________+17.4%|
|EBIT_margin_in_%__|________________7.9|________________8.5|__________________-|
|Consolidated net | | | |
|profit for the | 58.0| 80.0| +38.1%|
|period____________|___________________|___________________|___________________|
|Employees1)_______|_____________10,780|_____________11,126|______________+3.2%|

1) Since 2018, reporting date figures of consolidated Group companies have been
stated excluding equity interests and excluding contract workers; prior-year
figures are averages.

The Supervisory Board of PALFINGER AG adopted the annual financial statements
today. The press conference and presentation of the balance sheet for investors
and journalists will take place tomorrow, Wednesday, February 19, 2020, at 9:30
a.m. in Vienna. Here are the key developments and results in brief:

Outstanding result
Record levels for revenue, EBIT, and consolidated net profit for the period, the
operational break-even result in the second half of 2019 in the Segment SEA, the
implementation of the new global organizational structure (GPO), and a series of
investments in the future: Fiscal year 2019 was extremely successful for
PALFINGER AG.

Development of earnings
EBITDA increased by EUR 13.7 percent from EUR 196.7million to EUR 223.6 million,
while the EBITDA margin was 12.8 percent after amounting to 12.2 percent in
fiscal year 2018. EBIT increased by 17.4 percent to EUR 149.0 million - the
highest level in the history of PALFINGER. The EBIT margin rose from 7.9 percent
in 2018 to 8.5 percent in 2019.

Consolidated net profit for the year 2019 increased by 38.1 percent to EUR 80.0
million compared with EUR 58.0 million in the previous year - also a record
amount in the history of PALFINGER.

Outlook
The management remains committed to its goals for 2022: total revenues of EUR
2.0 billion as well as an average EBIT margin and average ROCE of 10 percent
above and beyond the economic cycle.

You can find the online version of the 2019 Integrated Annual Report here:
https://i-report.palfinger.ag/2019/en/the-big-picture [https://i-
report.palfinger.ag/2019/en/the-big-picture] and https://www.palfinger.ag/en/
news/publications [https://www.palfinger.ag/en/news/publications]

+++

ABOUT PALFINGER AG
For many years PALFINGER has been one of the world's leading manufacturers of
innovative lifting solutions for use on commercial vehicles and in the maritime
field. As a multinational group based in Bergheim, Austria, the PALFINGER Group
generated total revenue of around EUR 1.75 billion in 2019 with more than 11,100
employees.
The Group has manufacturing and assembly facilities in Europe, CIS, North and
South America, as well as Asia. The pillars of its corporate strategy are
innovation, internationalization, enhanced flexibility of products, services and
processes, and PALFINGER 21st (the development of smart solutions and
innovative, data-based business models). PALFINGER is regarded not only as the
market leader but also the technology leader in the global market for hydraulic
loader cranes. With a network of more than 5,000 sales and service centers
located in over 130 countries across all continents, PALFINGER is always in
proximity to its customers.

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

This text and the corresponding images are available under ?News? at PALFINGER?s
website www.palfinger.ag, www.palfinger.com.

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
ISIN: AT0000758305
indexes:
stockmarkets: Wien
language: English

Additional content: https://www.presseportal.de/pm/9286/4523975
OTS: Palfinger Holding AG
ISIN: AT0000758305

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