EQS News: Palfinger AG / Key word(s): Annual results PALFINGER AG: Record year 2023 – in sales, EBIT and consolidated results March 6, 2024 / 5:19 p.m. CET/CEST The issuer/publisher is responsible for the content of the announcement. ═════════════════════════════════════════ ═════════ PALFINGER AG: Record year 2023 – in sales, EBIT and Consolidated profit • Group sales in 2023 at EUR 2.45 billion • EBIT increases by 39.8 percent to EUR 210.2 million • Consolidated profit increases from EUR 71.4 million to EUR 107.7 million • Dividend proposal of EUR 1, 05 per share The Supervisory Board of PALFINGER AG approved the 2023 annual financial statements today and, together with the Executive Board, decided to propose a dividend of EUR 1.05 per share to the Annual General Meeting on April 10, 2024. The hybrid press conference and balance sheet presentation will take place tomorrow, Thursday, March 7, 2024, at 10:00 a.m. in Vienna. The most important developments and results are briefly presented in this press release: In a year 2023 characterized by high volatility, rising interest rates and considerable inflation, PALFINGER AG recorded an absolute record year. The operating result rose significantly by 39.8 percent from EUR 150.4 million in 2022 to EUR 210.2 million, with the best EBIT margin since 2008 at 8.6 percent. The consolidated result rose significantly by 50.8 percent, from EUR 71.4 million in 2022 to EUR 107.7 million. The very good product mix, the good capacity utilization in the plants, the full effectiveness of the implemented price increases and the stabilization of the supply chain. With EUR 1.05, a dividend of over one euro is proposed to the general meeting for the first time. Outlook The economic environment in Europe is currently very challenging. The order backlog currently lasts until the end of the second quarter of 2024. For the first half of the year, PALFINGER expects stable sales compared to the previous year and good profitability. There is currently very limited visibility for an outlook for the second half of 2024. The ambitious financial targets for 2027 remain unchanged: in 2027, sales of EUR 3.0 billion are to be achieved with an EBIT margin of 10 percent and a return on capital employed of 12 percent. Here you can find the 2023 annual report of PALFINGER AG: (1) https://www.palfinger.ag/de/investoren/publikationen/finanz-publikationen
Here you can find the magazine “&beyond” that accompanies the 2023 annual report of PALFINGER AG: (2) https://www.palfinger.ag/de/investoren/publikationen/finanz-publikationen
+++ ABOUT PALFINGER AG The international technology and mechanical engineering company PALFINGER is the world’s leading producer and provider of innovative crane and lifting solutions. With around 12,700 employees (not including temporary workers), 30 production locations and a global sales and service network of around 5,000 bases, PALFINGER meets the challenges of its customers and creates added value from them. PALFINGER is consistently continuing its path as a provider of innovative, smart complete solutions with increased efficiency and better usability and exploiting the potential of digitalization along the entire production and value chain. PALFINGER AG has been listed on the Vienna Stock Exchange since 1999 and achieved record sales of EUR 2.45 billion in 2023. Inquiry note: Hannes Roither | Group spokesman | PALFINGER AG T +43 662 2281-81100 | (3)h.roither@palfinger.com Text and corresponding images are available under “News” on the website
www.palfinger.ag, www.palfinger.com available. ═════════════════════════════════════════ ═════════ ══════════════════════════════ 06.03.2024 CET/CEST Publication of a corporate news/financial message, transmitted by EQS Group AG. www.eqs.com
═════════════════════════════════════════ ═════════ ══════════════════════════════ Language: German company: Palfinger AG Lamprechtshausener Bundesstraße 8 5020 Salzburg Austria Telephone: +43 (0) 662/2281-81101 Fax: +43 (0)662/2281-81070 Email: ir@palfinger.com
Internet: www.palfinger.ag
ISIN: AT0000758305 Stock exchanges: Vienna Stock Exchange (official trading) EQS News ID: 1852789 End of message EQS News Service 1852789 03/06/2024 CET/CEST References Visible links 1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=9c171e7634a271cb6052a78eb0fa9dc8&application_id=1852789&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
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3. h.roither@palfinger.com