EANS-Adhoc: PALFINGER records significant revenue growth and exceptionally high increase in earnings
-------------------------------------------------------------------------------- ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Mid Year Results/6-month report 30.07.2015 * Market success in Europe, North America, CIS and China boosted the Group's revenue by 14.1 per cent to EUR 606.2 million * Good capacity utilization and flexibility raised EBIT by 29.6 per cent to EUR 53,7 million * Consolidated net result rose by 40.6 per cent to EUR 24.6 million * Continuation of growth expected for the second half of 2015 ______________________________________________________________________________ |EUR million|________HY 2015|_______________%|_________HY 2014|_________HY 2013| |Revenue____|__________606.2|___________+14.1|___________531.2|___________475.1| |EBITDA_____|___________73.5|___________+25.6|____________58.5|____________54.0| |EBIT_______|___________53.7|___________+29.6|____________41.4|____________39.1| |EBIT margin|___________8.9%|_______________-|____________7.8%|____________8.2%| Salzburg, 30 July 2015 In the first six months of 2015, the PALFINGER Group recorded steep growth. Revenue rose by 14.1 per cent to EUR 606.2 million, which is a new half-year record. Earnings grew more strongly than revenue: EBIT increased by 29.6 per cent to EUR 53.7 million. The consolidated net result for the first half of 2015 was EUR 34.6 million, 40.6 per cent higher than the previous year's level. Performance by segment In the first half of 2015, the EUROPEAN UNITS segment reported a year-on-year increase in revenue of 9.7 per cent, from EUR 377.6 million to EUR 414.3 million. Approximately 20 per cent of this growth was attributable to the revenue generated by Norwegian Deck Machinery AS, which had been acquired in January. The segment saw an increase in EBIT of 13.5 per cent to EUR 53.1 million as compared to EUR 46.8 million for the first half of 2014. In the first half of 2015, the revenue of the AREA UNITS segment increased by 24.9 per cent, from EUR 153.6 million to EUR 191.9 million. Organic growth accounted for slightly more than half of this increase, while the rest was attributable primarily to the companies acquired in Russia. The segment's EBIT surged by 146.4 per cent to EUR 7.9 million. Outlook Despite the fact that the global economy is still heterogeneous and volatile in numerous regions of the world, which in recent months have been more strongly subject to political tensions than a few years ago, PALFINGER's management expects revenue growth of approx. 10 per cent and satisfactory earnings. PALFINGER continues to pursue the target of increasing its annual revenue, including the not fully-consolidated joint venture companies in China and Russia, to approx. EUR 1.8 billion by 2017. The Interim Report for the First Half of 2015 is available for download at www.palfinger.ag/en/newsroom/financial-reports. Further inquiry note: Hannes Roither, PALFINGER AG Konzernsprecher Tel. +43 662 46 84-82260 h.roither@palfinger.com Text und entsprechendes Bildmaterial stehen auch im Newsroom unserer Internetseite www.palfinger.ag zur Verfügung. end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: Palfinger AG F.-W.-Schererstraße 24 A-5020 Salzburg phone: 0662/4684 82260 FAX: 0662/4684 82280 mail: ir@palfinger.com WWW: www.palfinger.ag sector: Machine Manufacturing ISIN: AT0000758305 indexes: Prime Market stockmarkets: official market: Wien language: English
Original content of: Palfinger Holding AG, transmitted by news aktuell