10.08.2006 – 08:26

Palfinger AG

euro adhoc: Palfinger AG
quarterly or semiannual financial statement / PALFINGER AG achieves record results again

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

10.08.2006

PALFINGER achieves record results again

•       Revenue increased by 13.8%
•       EBIT of EUR 39.0m
•       Cranes business remains driving force

In EURm   1 HY 2006   1 HY 2005   1 HY 2004
Revenue     289,004     253,853     190,604
EBITDA       45,777      42,517      22,858
EBIT         39,015      37,233      17,168

Bergheim/Salzburg, 10 August 2006

In the first half of 2006, PALFINGER increased revenue to EUR 289.0m,
a 13.8% increase compared to the previous-year period. Compared to
previous year, EBIT rose from EUR 37.2m to EUR 39.0m, equivalent to
an EBIT margin of 13.5 percent.

Ratcliff Palfinger Ltd. acquired in 2005 contributed EUR 13.1m to the
total revenue increase of EUR 35.2m. Compared to previous year,
consolidated net profit for the period increased by 3.4% to EUR
28.5m; equivalent to earnings per share of EUR 3.23. The high equity
ratio of 54.3% underlines PALFINGER’s financial strength and provides
a solid foundation for further growth.

In Europe, positive economic development in industries relevant for
PALFINGER contributed to the company’s good performance. Revenue rose
by 14.4% to EUR 255.3m. As a result of increased sales volumes,
market penetration in Mexico, and the strong Brazilian Real, revenue
in North and South America increased by 9.6% to EUR 33.7m.

The CRANES segment is marked by high capacity utilization;
bottlenecks in materials supply impeded even better results. Revenue
in the Hydraulic Systems and Services segment was increased by 21.6%
to EUR 86.9m. EBIT declined from EUR -2.2m in the previous-year
period to EUR -3.0m.

PALFINGER has set a solid foundation for the second half of 2006 and
another record year. The focus in the months ahead is on activities
to improve availability of materials, to increase capacity
utilization, and to realize existing potentials to improve the
performance of Hydraulic Systems.

end of announcement                               euro adhoc 10.08.2006 07:31:41

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