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Abonner Palfinger AG

Palfinger AG

euro adhoc: quarterly or semiannual financial statement
PALFINGER again achieved record results

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
3-month report
06.05.2008
PALFINGER again achieved record results in the first quarter 2008
|in million EUR           |Q1 2008 |%       |Q1 2007 |Q1 2006 |
|Revenue                  |208.9   |+ 28.7% |162.4   |140.1   |
|EBITDA                   |34.3    |+ 26.2% |27.2    |20.7    |
|EBIT                     |29.6    |+ 23.7% |24.0    |17.5    |
|EBIT margin              |14.2%   |-       |14.8%   |12.5%   |
The PALFINGER Group continued  to  pursue  its  growth  strategy  in 
the  first quarter 2008 and once again reported a record quarter both
in terms of  revenues and earnings. Sales revenue rose by 28.7 
percent, from EUR 162.4 million in  the first quarter 2007 to EUR 
208.9 million.  EBIT  rose  to  EUR 29.6  million  and exceeded the 
previous year's figure by 23.7 percent. The  EBIT  margin  amounted 
to 14.2 percent as compared  to  14.8  percent  in  the  first  
quarter  of  the previous year. Around EUR 16 million of  the  
increase  were  generated  by  the acquisition of MBB, which took 
place at the end of 2007.
In the period under  review  the  operating  cash  flow  increased  
to  EUR 10.9 million from EUR 7.9 million in the  same  period  of  
the  previous  year.  The gearing ratio went up due to  the  
investment  programme,  but  at  28.7 percent (31 December 2007: 26.7
percent) it is still at a very low level.
In the first quarter 2008 PALFINGER formed a new segment called 
VENTURES,  which comprises all strategic initiatives of the Group - 
both  regional  and  product- oriented - from their development phase
up to operational maturity. The  aim  of separating this area from 
the operating business  is  to  guarantee  a  targeted focus on 
building up new fields of business and continuing market development.
The Annual General Meeting held on 26 March 2008 resolved  to  cancel
1,405,000 shares owned by the Company in order to adjust the 
Company's capital  structure. The cancellation of the shares is 
scheduled for the end of May 2008.
From today's point of view, the trend of the market  is  positive  in
spite  of weaknesses in individual markets even though no overheating
as in  the  previous year is recognisable. The macro-economic  
development  in  2008  will  remain  a substantial factor.
At present management expects an increase in revenues of around  15 
percent  for the total year 2008. Approximately half  of  this  
growth  is  to  be  generated organically and the other half as a 
result of the acquisition of the MBB Group.
end of announcement                               euro adhoc

Further inquiry note:

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

Anton Graf, PALFINGER AG
Investor Relations
Tel. +43 662 46 84-2275
a.graf@palfinger.com
www.palfinger.com

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

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