11.05.2005 – 08:03

Palfinger AG

euro adhoc: Palfinger AG
Quarterly or Semiannual Financial Statements
Record revenue and earnings in the 1st quarter of 2005

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

11.05.2005

Bergheim/Salzburg

PALFINGER AG posts record revenue and earnings in the 1st quarter of
2005
Revenue increase of 40.9 percent - earnings increase of 183.9 percent

In the first quarter of 2005, Palfinger posted record revenue and
earnings, marking the best quarter in the corporate history of the
Palfinger Group. This outstanding development was the result of
favorable market conditions and the Global Palfinger Structure as
well as structural improvement projects with long-term effects at
Palfinger. Area Europe and the Cranes product group, which is marked
by a tendency towards higher performance groups and high-grade
fittings, contributed most of the growth.

In the first quarter revenue increased by 40.9 percent from EUR 86.4m
to EUR 121.7m. Compared to the same period of the year before, profit
from operations (EBIT) almost tripled and stood at EUR 17.2m after
EUR 6.1m. EBIT has thus already reached the level of the first half
of 2004. The EBIT margin doubled to 14.1 percent, compared to 7.0
percent recorded in the first quarter of 2004.

Profit before tax increased to EUR 17.1m from EUR 5.5m in the
previous-year period, and consolidated net profit reached the record
level of EUR 12.9m after EUR 3.5m in the same period in 2004.

The gearing ratio reached a new record low of 16.5 percent, the
equity ratio at 49.3 percent remains at a high level.

Based on the outstanding results of the first quarter and high order
backlog, Management anticipates further increases in revenue and
earnings in the second quarter. From today’s point of view,
Management expects double-digit growth rates in revenue and earnings
for the 2005 financial year depending on the development of the
materials sector, capacity expansions, and potential development of
hydraulic systems.

end of announcement                    euro adhoc 11.05.2005 07:27:40 

Further inquiry note:

Hannes Roither, PALFINGER AG
Company Spokesman
Phone: +43 662 46 84-2260
mailto:h.roither@palfinger.com
www.palfinger.com

Branche: Transport
ISIN: AT0000758305
WKN: 758305
Index: ATX Prime
Börsen: Wiener Börse AG / official dealing