All Stories
Follow
Subscribe to Palfinger Holding AG

Palfinger Holding AG

euro adhoc: Palfinger AG
quarterly or semiannual financial statement / PALFINGER revs up performance again

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
10.05.2006
PALFINGER revs up performance again in the first quarter
o Revenue increased by 15.1%
 o EBIT of EUR 17.5m
 o Cranes business key driver of revenue and earnings
EURm        Q1 2006   Q1 2005   Q1 2004
Revenue      140.1      121.7     86.4
EBITDA        20.7      19.7       8.9
EBIT          17.5      17.1       6.1
Bergheim/Salzburg, 10 May 2006
At PALFINGER, revenue rose by 15.1% to EUR 140.1m in the first
quarter  compared to the previous-year period, and EBIT increased  to
EUR  17.5m  (Q1  2005:  EUR 17.1m), equivalent to an EBIT margin of
12.5%.
Consolidated net profit for the  period  of  EUR  12.5m  (Q1  2005:
EUR  12.8m) resulted in earnings per share of EUR 1.42. Based on the
successful  performance of the first quarter, the equity ratio at
balance sheet date rose to 50.6%.
Business in Europe remains the driving force behind the positive
performance  of PALFINGER. Development was also significant in the
markets of  North  and  South America, where revenue increased by
17.4% to EUR 14.6m. Sales successes  in  the cranes segment in North
America and  the  appreciation  of  the  Brazilian  Real resulted in
positive EBIT of EUR 0.2m.
In the product groups, the profitable development of cranes business
in  Europe is marked by a shift in demand to  higher  performance
classes  and  high-grade fittings of knuckle boom cranes. The
Hydraulic  Systems  and  Services  segment increased revenue by 23.6%
to EUR 43.2m, and earnings  rose  to  EUR  -0.9m  (Q1 2005: EUR
-2.4m).
Continued growth is expected for the 2006 financial year.  Focus  of
activities is  on  implementing  planned  capacity  expansions,
increasing  potentials  to enhance further the  performance  of  the
Hydraulic  Systems  segment,  and  on further increasing efficiency
on a group level.
end of announcement                               euro adhoc 10.05.2006 07:29:28

Further inquiry note:

Hannes Roither, PALFINGER AG
Company spokesperson
Tel.: +43 662 46 84-2260
mailto:h.roither@palfinger.com
www.palfinger.com

Branche: Transport
ISIN: AT0000758305
WKN: 919964
Index: ATX Prime
Börsen: Wiener Börse AG / official dealing

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

More stories: Palfinger Holding AG
More stories: Palfinger Holding AG