EQS-News: Palfinger AG / Key word(s): Annual Results
PALFINGER AG: 2024 second-best financial year in the company’s history
05.03.2025 / 13:42 CET/CEST
The issuer is solely responsible for the content of this announcement.
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PRESS RELEASE Bergheim, Austria. March 5, 2025
PALFINGER AG: 2024 second-best financial year in the company’s history
• Revenue of EUR 2.36 billion
• EBIT of EUR 185.6 million and consolidated net result of EUR 100.0
million
• Proposal for second-highest dividend since the IPO in 1999: EUR 0.90 per
share
Today, the Supervisory Board of PALFINGER AG approved the 2024 annual
financial statements. Together with the Executive Board, it was decided to
propose a dividend of EUR 0.90 per share for approval at the Annual General
Meeting on April 3, 2025. The hybrid press conference and balance sheet
presentation will take place tomorrow, Thursday, March 6, 2025, at 10:30 a.m.
in Vienna.
PALFINGER AG achieved its second-best fiscal year in 2024 with revenue of EUR
2.36 billion (2023: EUR 2.45 billion), an operating result (EBIT) of EUR
185.6 million (2023: EUR 210.2 million) and consolidated net result of EUR
100.0 million (2023: EUR 107.7 million). In addition to an efficient cost
structure, the company is excellently positioned, regionally diversified, and
has a broad product portfolio.
At EUR 0.90 per share (2023: EUR 1.05), PALFINGER will propose the
second-highest dividend since the IPO in 1999 to the Annual General Meeting.
The share price on the Vienna Stock Exchange has developed very favorably
recently.
Outlook 2025
Order intake in the European core markets is already recovering, which should
also have a positive impact on earnings from the second quarter onwards. The
management anticipates that the overall economic environment will continue to
improve. The decline in earnings in the first half of 2025 is expected to be
significantly compensated in the second half of the year, resulting in a
strong year overall.
PALFINGER targets significant increase in turnover and profitability until
2027: a revenue of EUR 2.7 billion, an EBIT margin of 10 percent and a return
on capital employed of over 12 percent.
PALFINGER's growth course of the last 25 years will continue in the future.
The PALFINGER AG Annual Report 2024 can be found
here: https://www.palfinger.ag/en/investors/publications/finance-publications
The magazine “Beauty of Transformation” that accompanies PALFINGER AG’s
Annual Report 2024 can be found here: (1)https://www.palfinger.com/magazine
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ABOUT PALFINGER AG
PALFINGER is an international technology and mechanical engineering company
and the world’s leading producer and provider of innovative crane and lifting
solutions. With around 12,350 employees (not including contract workers), 30
manufacturing sites and a comprehensive global sales and service network,
PALFINGER meets the challenges of its customers and creates added value.
PALFINGER consistently continues on its path as a provider of innovative,
smart complete solutions that deliver increased efficiency and better
usability, while leveraging the potential of digitalization along the entire
production and value chain.
For further information please contact:
Hannes Roither | Group Spokesperson | PALFINGER AG
T +43 662 2281-81100 | h.roither@palfinger.com
Text and corresponding images are available in the “News” section of
www.palfinger.ag, www.palfinger.com.
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05.03.2025 CET/CEST This Corporate News was distributed by EQS Group.
www.eqs.com
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Language: English
Company: Palfinger AG
Lamprechtshausener Bundesstraße 8
5020 Salzburg
Austria
Phone: +43 (0)662/2281-81101
Fax: +43 (0)662/2281-81070
E-mail: ir@palfinger.com
Internet: www.palfinger.ag
ISIN: AT0000758305
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 2095643
End of News EQS News Service
2095643 05.03.2025 CET/CEST
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