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Palfinger AG

EANS-Adhoc: Preliminary results 2010: Upward trend of PALFINGER emphasised by marked gains in earnings

  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.
Preliminary Results
24.01.2011
- 29-percent plus in revenue as a result of continuous recovery and 
expansion    of the market - Excellent improvement in earnings due to
measures for optimisation of cost    and organisational structure - 
Proposal to distribute a dividend of EUR 0.22 per share - Optimistic 
outlook for 2011: further growth in revenue of approximately    
20 percent
|million EUR            |2010e   |%       |2009    |2008    |
|Revenue                |650     |+ 29%   |505.4   |794.8   |
|EBITDA                 |58      |+ 254%  |16.4    |97.8    |
|EBIT                   |35      |-       |(5.0)   |69.1    |
|EBIT margin            |5%      |-       |(1.0%)  |8.7%    |
|Dividend per share(EUR |0.22*   |-       |0.00    |0.39    |
      * As proposed by the Management Board
Salzburg, 24 January 2011
Following the economic turbulences over the past few years, the PALFINGER  Group
resumed a distinct upward trend in  the  2010  financial  year.  Thanks  to  the
recovery of significant  markets  and  the  further  expansion  of  the  market,
revenue came to EUR 650 million in 2010, which is 29 percent above the  previous
year´s figure of EUR 505.4 million. The  acquisitions  carried  out  contributed
approximately 7 percent to the revenue generated. EBIT came to  EUR 35  million,
after being in negative territory by EUR - 5 million  in  2009.  The  systematic
implementation of measures aimed  at  optimising  the  cost  and  organisational
structure that had taken place in  previous  years  was  essential  in  bringing
about this exceptionally high increase in earnings. The EBIT margin amounted  to
approximately 5 percent.
Thanks to the pleasing earnings development, the Management Board is  presumably
going to propose to distribute a dividend of EUR 0.22 per share.
Outlook
It is largely owed to the flexible structures of PALFINGER that  the  Group  has
been able to turn the crisis to its advantage. Due to the fact that markets  are
expected to remain volatile, a further increase in flexibility  has  
become  one of the strategic pillars that will be reinforced in the 
future.
In the first weeks of 2011, PALFINGER saw a continued recovery  of  
the  market. From today´s point of view,  management  therefore  
reckons  with  a  20-precent increase in revenue for the 2011 
financial year. The expansion  of  the  market, in particular in the 
young areas of Russia and Asia, is to be continued and  add to 
further revenue growth.
The above-mentioned figures are indications from a projected  
calculation  based on IFRS. The final results will be published on 
23 February 2011.
end of announcement                               euro adhoc

Further inquiry note:

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

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

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