Alle Storys
Folgen
Keine Story von Palfinger AG mehr verpassen.

Palfinger AG

EANS-Adhoc: Palfinger AG
Results HY

  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.
6-month report
11.08.2010
11.08.2010
PALFINGER back to recording growth in first half 2010
* Thanks to strong second quarter revenue 10.5 percent higher than in
first half 2009 * Significant plus in earnings reflects success of 
measures taken * Further organic and inorganic growth expected
million EUR  |  HY1 2010 |       %  |  HY1 2009  |  HY1 2008
Revenue      |     297.4 |   10.5%  |     269.2  |     423.5
EBITDA       |      23.9 |       -  |       5.1  |      69.2
EBIT         |      13.5 |       -  |     (5.9)  |      59.3
EBIT margin  |      4.5% |       -  |    (2.2%)  |     14.0%
Bergheim, Salzburg, 11 August 2010
The PALFINGER Group took advantage of the slight recovery of the 
economy in the first half 2010. The positive market development was 
first reflected in an increase in order intake and, in particular in 
the second quarter, in a clear increase in revenues and earnings as 
compared to the same period of the previous year and the previous 
quarters. In comparison with the falling sales figures recorded in 
2009, the Company thus experienced a clear trend reversal. The 
measures that were implemented in 2009 in order to cut costs and make
the value-creation process even more flexible were another factor 
contributing to the increase in EBIT margin.
At EUR 297.4 million, revenue in the first half 2010 is 10.5 percent 
higher than in the first half 2009, when revenue was EUR 269.2 
million. EBIT turned clearly positive again and came to EUR 13.5 
million as compared to EUR - 5.9 million in the first half of the 
previous year. This primarily reflects the success of the cost cuts 
made while revenues were on the rise. On this basis, PALFINGER posted
a consolidated net result of EUR 7.3 million in the first half 2010.
A comparison of the second quarter with the first quarter 2010 shows 
a marked increase in revenues of 29.8 percent (Q1: EUR 129.4 million;
Q2: EUR 168.0 million). EBIT was nearly tripled (Q1: EUR 3.4 million;
Q2: EUR 10.1 million) - a pleasing development that resulted in a 
further improvement of the EBIT margin from 2.7 percent in the first 
quarter 2010 to 6.0 percent in the second quarter 2010.
In the first half 2010 cash flows from operating activities already 
came to EUR 23.4 million as compared to EUR 18.6 million reported in 
the previous year. Free cash flow amounted to EUR 4.3 million, 
underlining PALFINGER´s equity financing capability.
After order intake improved in the first months of 2010, pleasing 
increases in revenues were posted in the second quarter as expected. 
This was also due to the introduction of a new European crane 
standard. The slight upward trend underlying this development is 
expected to continue in the third quarter, even though the company 
holidays in August will be reflected in lower revenues and earnings.
PALFINGER is still not in a position to make reliable forecasts for 
the entire 2010 financial year as markets continue to be volatile. 
However, management expects revenues to pick up in many product 
sectors. On this basis an organic growth of Group revenue of around 
15 percent is assumed.
end of ad-hoc-announcement ==========================================
====================================== Both text and pictures are 
available for download in the press corner of our website at 
www.palfinger.com. An extensive database of press documents and 
pictures can also be found at the PALFINGER EXTRANET. Please register
for this free service at http://extranet.palfinger.com
end of announcement                               euro adhoc

Further inquiry note:

Hannes Roither, PALFINGER AG
Company Spokesperson
Tel.: +43 662 46 84-2260
h.roither@palfinger.com

Branche: Machine Manufacturing
ISIN: AT0000758305
WKN: 919964
Index: ATX Prime, Prime Market
Börsen: Wien / official market

Weitere Storys: Palfinger AG
Weitere Storys: Palfinger AG
  • 11.05.2010 – 08:11

    EANS-Adhoc: Palfinger AG / Results Q1

    ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. 3-month report 11.05.2010 11.05.2010 In the first quarter 2010 PALFINGER emerges from crisis stronger than before • Revenue still below first quarter 2009 but on the increase in all areas • EBIT and consolidated net result for the period back in the ...

  • 24.02.2010 – 08:00

    EANS-Adhoc: Palfinger AG / Revenues and Earnings 2009

    ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. Company Information 24.02.2010 PALFINGER successfully controlled the effects of the downturn in 2009 * Collapse in revenue of 36 percent, but decline in earnings controlled * Structural adjustments showed first effects in 2009 - fourth quarter ...

  • 25.01.2010 – 08:02

    EANS-Adhoc: Palfinger AG / Preliminary results 2009

    ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. Company Information 25.01.2010 Preliminary results 2009: PALFINGER Group back to positive results in the fourth quarter 2009, outlook for 2010 optimistic ° Continuation of adverse economic environment led to slump in revenue by 36 percent ° ...