Palfinger AG

euro adhoc: Palfinger AG
Annual Reports
PALFINGER AG increases revenues and earnings

@@start.t1@@--------------------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc. The issuer is responsible   for the content of this announcement. --------------------------------------------------------------------------------@@end@@

6-month report


PALFINGER even more dynamical in the first half 2007

o High order intake led to further increase in revenues and earnings o All segments recorded positive results o Record results for the entire year 2007 expected

@@start.t2@@|in EUR million                 |HY1 2007      |%          |HY1 2006        |HY1 2005      |
|                                        |                  |            |                    |                  |
|Revenue                            |340.6          |+ 17.9% |289.0            |253.9          |
|EBITDA                              |58.0            |+ 26.6% |45.8              |42.5            |
|EBIT                                 |51.0            |+ 30.7% |39.0              |37.2            |
|EBIT margin                      |15.0%          |-          |13.5%            |14.7%          |
|Consolidated net profit  |39.2            |+37.9%  |28.5              |27.5            |
|for the period                 |                  |            |                    |                  |

The first half of the 2007 financial year  at  PALFINGER  was  characterised  by continued growth and was the best half-year in the history of the  Company  both in terms of revenues and earnings. As order intake grew significantly more  than expected, PALFINGER succeeded in further expanding its market position.

Revenues increased by 17.9 percent to EUR 340.6 million compared  to  the  first half 2006. EBIT amounted to EUR 51.0 million, which is  30.7 percent  above  the figure for the same period of the previous year  and  the  EBIT  margin  reached 15.0 percent, up from 13.5 percent in the previous  year.  For  the  first  time since the restructuring of the primary and secondary segments in 2004,  positive results were achieved in all segments in the first half-year 2007.

The operating cash flow amounted  to  EUR  33.0  million  in  the  period  under review, up from EUR 33.3 million in the same period of the  previous  year.  Due to the high investment volume, the  free  cash  flow  decreased  from  EUR  28.3 million in the first half 2006 to EUR 1.5 million in the first  half  2007.  The gearing ratio increased slightly to 13.8 percent, the equity  ratio  during  the period under review amounted to 56.1 percent compared  to  54.3 percent  in  the same period of the previous year.

On the basis of the continuous positive development  in  terms  of  new  orders, management again expects record revenues and  earnings  in  the  2007  financial year although the growth rates in the next months will have a  flatter  tendency@@end@@

as compared to the already very strong second half 2006.

@@start.t3@@end of announcement                                                 euro adhoc 08.08.2007 07:26:50

ots Originaltext: Palfinger AG
Im Internet recherchierbar:

Further inquiry note:
Hannes Roither, PALFINGER AG
Head of Public Relations & Investor Relations, Business and Financial Media
Tel.: +43 662 46 84-2260

Branche: Machine Manufacturing
ISIN:      AT0000758305
WKN:        919964
Index:    ATX Prime
Börsen:  Wiener Börse AG / official market

Weitere Meldungen: Palfinger AG

Das könnte Sie auch interessieren: