EANS-Adhoc: PALFINGER steps up growth pace in 3rd quarter of 2015
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Financial Figures/Balance Sheet/9-month report
30.10.2015
* Revenue expanded by 14.9 per cent to EUR 898.9 million
* EBIT increased by 38.7 per cent to EUR 77.7 million
* Consolidated net result rose by 49.2 per cent to EUR 48.4 million
* Continuation of growth expected
______________________________________________________________________________
|EUR_million|_____Q1-Q3_2013|______Q1-Q3_2014|______Q1-Q3_2015|_______________%|
|Revenue____|__________716.1|___________782.5|___________898.9|___________+14.9|
|EBITDA_____|___________79.3|____________82.0|___________107.7|___________+31.3|
|EBIT_______|___________56.0|____________56.0|____________77.7|___________+38.7|
|EBIT_margin|___________7.8%|____________7.2%|____________8.6%|_______________-|
Salzburg, 30 October 2015
In the first three quarters of 2015, the performance of the PALFINGER Group
continued to be marked by steep growth. Revenue rose by 14.9 per cent from
EUR 782.5 million in the first nine months of 2014 to EUR 898.9 million, which
is a new record level. EBIT showed an extraordinarily strong increase of
38.7 per cent from EUR 56.0 million to EUR 77.7 million. This, in turn,
generated a marked rise in the EBIT margin, which came to 8.6 per cent, as
compared to 7.2 per cent in the first three quarters of 2014. The consolidated
net result for the first three quarters of 2015 was EUR 48.4 million, 49.2 per
cent higher than the previous year's figure of EUR 32.4 million.
The major factors accounting for this positive performance included the huge
gains achieved in the sale of loader cranes in Europe as well as the continued
progress made by PALFINGER outside Europe. In North America, strong demand
coupled with the strong US dollar facilitated a significant boost in revenue and
earnings. In Russia/CIS, the strategic investments in local value creation made
it possible for PALFINGER to continue its success in this market region. In
Asia, PALFINGER's cooperation with SANY was fruitful. In the marine business,
the low oil price dampened customers' willingness to invest; nevertheless,
PALFINGER continued its growth, achieving an increase in revenue of approx.
25 per cent. In South America, however, PALFINGER recorded further losses in
revenue as a result of the generally slack economy even though PALFINGER's share
in this market increased. The contributions to earnings made by the EUROPEAN
UNITS segment and, in particular, the AREA UNITS segment showed a significant
increase in the first three quarters of 2015.
Outlook
The present level of incoming orders gives reason to expect further growth in
the fourth quarter of 2015. In Europe, visibility is still low but has
stabilized. The investment propensity of customers in Europe is still
restrained, despite some positive trends, whereas in the USA there is greater
confidence in a revival of the economy.
Further inquiry note:
Hannes Roither, PALFINGER AG
Konzernsprecher
Tel. +43 662 2281-81100
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
Lamprechtshausener Bundesstraße 8
A-5020 Salzburg
phone: 0662/2281-81101
FAX: 0662/2281-81070
mail: ir@palfinger.com
WWW: www.palfinger.ag
sector: Machine Manufacturing
ISIN: AT0000758305
indexes: Prime Market
stockmarkets: official market: Wien
language: English