EANS-Adhoc: PALFINGER records significant revenue growth and exceptionally high
increase in earnings
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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
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Mid Year Results/6-month report
30.07.2015
* Market success in Europe, North America, CIS and China boosted the Group's
revenue by 14.1 per cent to EUR 606.2 million
* Good capacity utilization and flexibility raised EBIT by 29.6 per cent to
EUR 53,7 million
* Consolidated net result rose by 40.6 per cent to EUR 24.6 million
* Continuation of growth expected for the second half of 2015
______________________________________________________________________________
|EUR million|________HY 2015|_______________%|_________HY 2014|_________HY 2013|
|Revenue____|__________606.2|___________+14.1|___________531.2|___________475.1|
|EBITDA_____|___________73.5|___________+25.6|____________58.5|____________54.0|
|EBIT_______|___________53.7|___________+29.6|____________41.4|____________39.1|
|EBIT margin|___________8.9%|_______________-|____________7.8%|____________8.2%|
Salzburg, 30 July 2015
In the first six months of 2015, the PALFINGER Group recorded steep growth.
Revenue rose by 14.1 per cent to EUR 606.2 million, which is a new half-year
record. Earnings grew more strongly than revenue: EBIT increased by 29.6 per
cent to EUR 53.7 million. The consolidated net result for the first half of 2015
was EUR 34.6 million, 40.6 per cent higher than the previous year's level.
Performance by segment
In the first half of 2015, the EUROPEAN UNITS segment reported a year-on-year
increase in revenue of 9.7 per cent, from EUR 377.6 million to EUR 414.3
million. Approximately 20 per cent of this growth was attributable to the
revenue generated by Norwegian Deck Machinery AS, which had been acquired in
January. The segment saw an increase in EBIT of 13.5 per cent to EUR 53.1
million as compared to EUR 46.8 million for the first half of 2014.
In the first half of 2015, the revenue of the AREA UNITS segment increased by
24.9 per cent, from EUR 153.6 million to EUR 191.9 million. Organic growth
accounted for slightly more than half of this increase, while the rest was
attributable primarily to the companies acquired in Russia. The segment's EBIT
surged by 146.4 per cent to EUR 7.9 million.
Outlook
Despite the fact that the global economy is still heterogeneous and volatile in
numerous regions of the world, which in recent months have been more strongly
subject to political tensions than a few years ago, PALFINGER's management
expects revenue growth of approx. 10 per cent and satisfactory earnings.
PALFINGER continues to pursue the target of increasing its annual revenue,
including the not fully-consolidated joint venture companies in China and
Russia, to approx. EUR 1.8 billion by 2017.
The Interim Report for the First Half of 2015 is available for download at
www.palfinger.ag/en/newsroom/financial-reports.
Further inquiry note:
Hannes Roither, PALFINGER AG
Konzernsprecher
Tel. +43 662 46 84-82260
h.roither@palfinger.com
Text und entsprechendes Bildmaterial stehen auch im Newsroom unserer
Internetseite www.palfinger.ag zur Verfügung.
end of announcement euro adhoc
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issuer: Palfinger AG
F.-W.-Schererstraße 24
A-5020 Salzburg
phone: 0662/4684 82260
FAX: 0662/4684 82280
mail: ir@palfinger.com
WWW: www.palfinger.ag
sector: Machine Manufacturing
ISIN: AT0000758305
indexes: Prime Market
stockmarkets: official market: Wien
language: English