21.01.2000 – 09:19

Palfinger Holding AG

ots Ad hoc-Service: PALFINGER AG <AT0000758305> Palfinger AG gives preview of annual results at international investment conference

Kitzbühel (ots Ad hoc-Service) -

The sender is solely responsible for the contents of this
announcement.

At an international investment conference staged by CA Investment
Bank in Kitzbühel, the Palfinger management will not only discuss the
companys IAS results for the third quarter, which have already been
published, but also give indications of the coming annual results.

In 1999 Palfinger sold 13,626 cranes and systems - 31.1 percent
more than in 1998 (10,392 cranes and systems). Revenue grew by 24.5
percent to EUR 242.1 million (ATS 3,331 mn) from EUR 194.6 mn in
1998. Earnings before interest and tax (EBIT) registered a
disproportionate increase of 27.2 percent to reach EUR 25.8 mn (ATS
355 mn) compared with EUR 20.2 mn in the previous year. In the light
of the fact that order backlog is up by 54.8 percent (from EUR 37.9
mn to EUR 58.6 mn) the management is also optimistic about the
current financial year.

The above figures include five months revenue and profits from
Guima S.A., acquired in July 1999. All figures are estimates taken
from IAS based projected financial statements. The preliminary
results will be published on 23 February 2000.

1999 (ATS   1999 (EUR   1998 (EUR     % change
                        mn)        mn)         mn)

Sales (inc.              13,626       10,392       31.1
      systems)

Revenue      3,331        242.1        194.6       24.5
      EBIT           355         25.8         20.2       27.2
      Order          806         58.6         37.9       54.8
      backlog

as of 31
      Dec.

Contact:

Palfinger AG Klaus Reisinger (+43 664) 455 18 56
Franziska Dubinin (+43 664) 46 84 ext. 2274 www.palfinger.com
info@palfinger.com

End
Internet: http://www.newsaktuell.de

Original content of: Palfinger Holding AG, transmitted by news aktuell