Palfinger AG

euro adhoc: Palfinger AG
quarterly or semiannual financial statement / PALFINGER revs up performance again

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PALFINGER revs up performance again in the first quarter

o Revenue increased by 15.1% o EBIT of EUR 17.5m o Cranes business key driver of revenue and earnings

EURm            Q1 2006    Q1 2005    Q1 2004
Revenue         140.1         121.7        86.4
EBITDA            20.7         19.7          8.9
EBIT                17.5         17.1          6.1

Bergheim/Salzburg, 10 May 2006

At PALFINGER, revenue rose by 15.1% to EUR 140.1m in the first quarter  compared to the previous-year period, and EBIT increased  to EUR  17.5m  (Q1  2005:  EUR 17.1m), equivalent to an EBIT margin of 12.5%.

Consolidated net profit for the  period  of  EUR  12.5m  (Q1  2005: EUR  12.8m) resulted in earnings per share of EUR 1.42. Based on the successful  performance of the first quarter, the equity ratio at balance sheet date rose to 50.6%.

Business in Europe remains the driving force behind the positive performance  of PALFINGER. Development was also significant in the markets of  North  and  South America, where revenue increased by 17.4% to EUR 14.6m. Sales successes  in  the cranes segment in North America and  the  appreciation  of  the  Brazilian  Real resulted in positive EBIT of EUR 0.2m.

In the product groups, the profitable development of cranes business in  Europe is marked by a shift in demand to  higher  performance classes  and  high-grade fittings of knuckle boom cranes. The Hydraulic  Systems  and  Services  segment increased revenue by 23.6% to EUR 43.2m, and earnings  rose  to  EUR  -0.9m  (Q1 2005: EUR -2.4m).

Continued growth is expected for the 2006 financial year.  Focus  of activities is  on  implementing  planned  capacity  expansions, increasing  potentials  to enhance further the  performance  of  the Hydraulic  Systems  segment,  and  on further increasing efficiency on a group level.

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ots Originaltext: Palfinger AG
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Further inquiry note:
Hannes Roither, PALFINGER AG
Company spokesperson
Tel.: +43 662 46 84-2260

Branche: Transport
ISIN:      AT0000758305
WKN:        919964
Index:    ATX Prime
Börsen:  Wiener Börse AG / official dealing

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