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