ots Ad hoc-Service: PALFINGER AG <AT0000758305> Palfinger AG announces projected results for 2000 at international investors' conference
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Palfinger AG announces projected results for 2000 at international investors' conference
* Third record year in succession - outstanding earnings growth again * Revenue up by 28 percent, EBIT by 67 percent * Continued growth expected for 2001
The management of Palfinger announced projected results for the financial year 2000 at the investors' conference organized by CA-IB in Kitzbühel.
In 2000 the Palfinger Group sold 17,097 cranes and systems - a year-on-year increase of 25 percent (1999: 13,626 cranes and systems). Revenue rose by 28 percent to EUR 313 mn. Strong demand for truck cranes and hook loaders was a major factor in this growth. Projected earnings before interest and tax (EBIT) for 2000 were up by some 67 percent to EUR 45 mn, from EUR 27 mn in the previous year. The management expects further growth of volume, revenue and earnings in 2001.
The results are projected, based on provisional financial statements prepared in accordance with IAS. The final results will be announced on 30 March 2001.
2000e 2000e 1999 +/
ATS million EUR million EUR million
Sales (systems) 17,097 17,097 13,626 +25%
Revenue 4,305 313 243 +28%
EBITDA 755 55 24 +112%
EBIT 620 45 27 +67%Contact:
Hannes Roither, Palfinger AG
Head of Public & Investor Relations
Tel: +43 (0)662 4684 2260
h.roither@palfinger.com
www.palfinger.com
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