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ots Ad hoc-Service: PALFINGER AG <AT0000758305> Palfinger AG announces projected results for 2000 at international investors' conference

Kitzbühel (ots Ad hoc-Service) -

Ad hoc-announcement edited and sent by DGAP. The sender is solely
responsible for the contents of this announcement.
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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