EANS-Adhoc: Palfinger AG PALFINGER achieved new record levels of revenue and
earnings due to strong demand from Europe
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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
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Financial Figures/Balance Sheet/3-month report
27.04.2016
- Revenue grew by 9.1 per cent to EUR 318.8 million
- EBIT showed extraordinarily strong increase of 28.6 per cent to EUR 30.2
million
- Consolidated net result rose by 29.0 per cent to EUR 18.6 million
- Outlook still marked by growth
______________________________________________________________________________
|______________|___Q1 2014*____|___Q1 2015*____|______+/-______|___Q1 2016_____|
|Revenue | 264.0| 292.3| +9.1%| 318.8|
|(EUR million)_|_______________|_______________|_______________|_______________|
|EBIT | 20.3| 23.5| +28.6%| 30.2|
|(EUR million)_|_______________|_______________|_______________|_______________|
|EBIT margin | 7.7| 8.0| -| 9.5|
|in %__________|_______________|_______________|_______________|_______________|
|Consolidated | 11.9| 14.4| +29.0%| 18.6|
|net result for| | | | |
|the period | | | | |
|(EUR million)_|_______________|_______________|_______________|_______________|
|Human | 7,220| 8,675| +3.0%| 8,939|
|resources**___|_______________|_______________|_______________|_______________|
* Figures were adjusted with retrospective effect.
** Consolidated group companies excluding equity shareholdings as well as
excluding temporary workers.
Salzburg/Wien, 27 April 2016
Performance of the PALFINGER Group
In the first quarter of 2016, the performance of the PALFINGER Group was marked
by revenue growth and an extraordinarily strong increase in earnings. Revenue
rose by 9.1 per cent to EUR 318.8 million (Q1 2015: EUR 292.3 million), setting
a new record for a first-quarter result. EBIT showed an extraordinarily strong
increase of 28.6 per cent from EUR 23.5 million to EUR 30.2 million, which is a
new record as well. This, in turn, generated a marked increase in the EBIT
margin, which came to 9.5 per cent, as compared to 8.0 per cent in the first
quarter of the previous year. The consolidated net result for the first quarter
of 2016 was EUR 18.6 million, 29.0 per cent higher than the previous year's
figure. Earnings per share came to EUR 0.50, as compared to EUR 0.39 in the
previous year.
Outlook
The present level of incoming orders gives reason to expect further positive
developments in the second quarter of 2016. In Europe, visibility is still low
but has stabilized in recent months. However, estimating the further development
of the market regions outside Europe has become somewhat more difficult.
The management continues to expect a growth in revenue of approx. 10 per cent
for 2016. PALFINGER still sees the potential to increase the annual revenue
generated by the Group, including the joint venture companies in China and
Russia, to approx. EUR 1.8 billion by 2017 and intends to reach this goal
through acquisitions and by completing its product portfolio in the market
regions outside Europe.
Further inquiry note:
Hannes Roither, PALFINGER AG
Company Spokesperson
Tel.: +43 662 2281-81100
mailto:h.roither@palfinger.com
www.palfinger.ag
end of announcement euro adhoc
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issuer: Palfinger AG
Lamprechtshausener Bundesstraße 8
A-5020 Salzburg
phone: 0662/2281-81101
FAX: 0662/2281-81070
mail: ir@palfinger.com
WWW: www.palfinger.ag
sector: Machine Manufacturing
ISIN: AT0000758305
indexes: Prime Market
stockmarkets: official market: Wien
language: English
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