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Palfinger Holding AG

ots Ad hoc-Service: PALFINGER AG <AT0000758305>

Salzburg - Vienna (ots Ad hoc-Service) -

Für den Inhalt ist allein der Emittent verantwortlich
Palfinger doubles earnings per share in the first six months
Steady growth in sales of cranes and hook-loaders - Integration of
Guima Group attributes significant improvement in sales, purchase and
production.
in EUR mn according to IAS HY1 2000  +/- in %  HY1 1999
Revenue                     156,8      39,3     112,5
   EBIT                         23,0      83,9      12,5
   Profit before tax            20,8      97,1      10,5
   Consolidated net profit      13,5      93,8       6,9
   Earnings per share           1,62     102,5       0,8
In the first six months of this year, the Palfinger Group has
succeeded in remaining on track with its "controlled growth" policy.
As a result of the continuing strong demand for cranes and hook
loaders (container handling systems), sales climbed by 39.3 percent
to EUR 156.8 million (mn). Worldwide, the Group sold 9,129 cranes and
systems. The Guima Group, acquired last year, contributed EUR 16.8 mn
or 10.7 percentage points to this growth. Earnings before interest
and tax (EBIT) grew by 83.9 percent to EUR 23.0 mn, rising faster
than revenue. This significant improvement is attributable not only
to the Company's success in the marketplace, but also to better
management of costs, the successful integration of the Guima Group
resulting in lower purchasing prices, and the satisfactory
performance of the Group's centralized after-sales service operation.
Net of Guima Group earnings, EBIT growth is 65.1 percent.
Earnings per share more than doubled from the like period of 1999.
For the half-year ended 30 June 2000 earnings per share were EUR 1.62
compared with EUR 0.80 for the six months ended 30 June 1999.
The strength of the earnings position is reflected in the increase
in net cash from operating activities, which was up from EUR 10.5 mn
in the first half of 1999 to EUR 23.4 mn as of 30 June 2000. The
year-on-year increase for the first half was 122.9 percent.
Management expects Group performance to continue along the same
lines in the second half.

Contact:

Hannes Roither, Palfinger AG, Public Affairs & Investor Relations

+43-662-46 84 DW 2260 oder +43-664-206 92 47
h.roither@palfinger.com

www.palfinger.com

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