10.03.2006 – 08:10

Palfinger AG

euro adhoc: Palfinger AG
Financial Figures/Balance Sheet
Record results 2005

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.

10.03.2006

2005 another year of record results for PALFINGER

•       Revenue increased by 28.8 %
•       EBIT increase of 56.2%
•       Consolidated net profit for the year increased by 75.8%

EURm               2005   2004   2003
Revenue            520,0  403,7  334,1
EBITDA              77,5   53,9   37,5
EBIT                65,1   41,7   25,6
Consolidated net
profit for the year 48,1   27,4   15,2

Bergheim / Salzburg, 10 March 2006

In the 2005 financial year, PALFINGER was able to increase revenue by
EUR 116.3m or 28.8 % to EUR 520.0m. EBIT climbed by 56.2 % to EUR
65.1m.

Consolidated net profit of the year was also marked by a
disproportionate increase of 75.8 % to EUR 48.1m. Correspondingly,
earnings per share increased to EUR 5.48 (2004: EUR 3.11).

The equity ratio rose to 56.8 %, strengthening PALFINGER’s capital
base for further growth. Because of the successful 2005 financial
year, a dividend increase from EUR 1.1 to EUR 1.8 will be
recommended.

The Cranes segment remains the driving force of the company and was
marked by excellent development in 2005. The concluded relocation
process of cylinder production to Bulgaria and measures implemented
to increase efficiency in the value chain greatly contributed to the
optimization of cost structure. With the successful integration of
Ratcliff Palfinger Ltd., PALFINGER AG was able to position itself as
market leader in tail lifts in Great Britain and to expand the
product range with innovative products. The decision to develop the
Area Asia & Pacific marked an important step in the Asian market.

For 2006, PALFINGER AG anticipates continued positive development in
all areas. Besides securing the outstanding earnings situation in the
Cranes segment, focus is going to be on the sustainable development
of profitability in the Hydraulic Systems segment. The international
strategy entails development of the Area Asia & Pacific and
intensification of further market expansion in North and South
America.

end of announcement                               euro adhoc 10.03.2006 07:30:05

Further inquiry note:

Hannes Roither, PALFINGER AG
Company spokesman
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