EQS-News: PALFINGER AG: Record Year in the Company’s 90-Year History

EQS-News: Palfinger AG / Key word(s): Annual Results
PALFINGER AG: Record Year in the Company’s 90-Year History

24.02.2022 / 07:00
The issuer is solely responsible for the content of this announcement.

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Record Year in the Company’s 90-Year History

– All-time high in revenue, EBIT, consolidated net result and dividend

– Growth in all regions

– EUR 2.0 billion in revenues targeted for 2022

in EUR million 2019 2020 2021 %
Revenue 1,753.8 1,533.9 1,841.5 20.1 %
EBITDA 223.6 188.7 243.7 29.1 %
EBITDA margin in % 12.8% 12.3% 13.2% –
EBIT 149.0 100.3 155.0 54.5 %
EBIT margin in % 8.5% 6.5% 8.4% –
Consolidated net result 80.0 49.8 86.6 73.9 %
Employees^1) 11,126 10,824 11,733 –
Dividends 0.35 0.45 0.77^2)  

1) Reporting date figures of consolidated Group companies without equity
investments and without contract workers.
2) Proposal to the Annual General Meeting.

Bergheim, February 24, 2022

For the company’s 90th anniversary, PALFINGER AG looks back on an
outstanding fiscal year 2021. Thanks to strong demand worldwide, the
Bergheim/Austria-based group has raised the bar in terms of order intake
and order book and achieved a record revenue of EUR 1.84 billion and a
record consolidated result of EUR 86.6 million.
With net investments of around EUR 122 million, PALFINGER drives the
expansion of forward-looking infrastructure and creates the capacity for
further growth.

Strong in Construction, Timber and Recycling
Despite the pandemic flaring up again, the global economy continued to
recover in 2021.
Almost all regions and product lines recorded new order intake records.
The strong demand was mainly due to the positive development of the
construction, forestry and recycling industries. Long-term infrastructure
packages and increasing investments in housing projects are driving the
positive trend in the construction industry.

Recognize the Opportunities, Capitalize the Advantages
„This result shows how quickly PALFINGER reacts to a volatile and
challenging environment with the GLOBAL PALFINGER ORGANIZATION (GPO) and
uses it to its advantage,“ emphasizes PALFINGER CEO Andreas Klauser. The
greatest challenges in 2021 included the extreme cost increases for raw
materials, transport and personnel. Despite limited material availability,
PALFINGER was able to maintain its delivery reliability at a relatively
high level.

Celebrating the Future Since 1932 – New Strategy 2030
PALFINGER started out as a small workshop in Austria 90 years ago and
since then has grown and grown. Today, PALFINGER is a global company that
sets standards in the industry worldwide. With the Strategy & Vision 2030,
PALFINGER reacts not only to the megatrends (digitization, sustainability
and social change), but the company also creates the conditions for
supporting customers and partners even more holistically and efficiently
in the future with its strategic pillars „Go for Solutions“ and „Go
Digital.“ PALFINGER is therefore consistently following its course as a
provider of highly innovative, smart solutions with increased efficiency,
enhanced safety and improved operability, complementing them with digital
systems and new business models that create more value for customers and
users.

Focus on Sustainability
To drive forward the topic of sustainability even better, a separate
Sustainability Council was implemented in 2021. It consists of central
management functions and has the responsibility of considering
environmental, social and governance issues in addition to economic
aspects in all business processes. Together, these form PALFINGER’s three
strategic pillars of sustainability.

Outlook: EUR 2.0 Billion Revenue Target for 2022
PALFINGER is aiming for revenues of EUR 2.0 billion for the 2022 fiscal
year.
The asynchrony between cost increases – especially for raw materials,
transport and personnel – and price increases significantly reduces
profitability in the first half of 2022. PALFINGER expects more positive
effects from price increases in the second half of 2022 as compensation
for the EBIT decline in the first half of 2022.
In the mid-term, the Group has set itself the goal of achieving revenues
of EUR 2.3 billion from organic growth, ROCE of 12 percent and an EBIT
margin of 10 percent by 2024. The EUR 3.0 billion revenue mark is to be
reached in 2030.

The online version of the PALFINGER AG annual report for 2021 is available
here:
[1]https://www.palfinger.ag/en/investors/publications/finance-publications

The accompanying magazine of the PALFINGER AG annual report for 2021 is
available here:
[2]https://www.palfinger.ag/en/investors/publications/finance-publications

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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 11,700 employees, 34 locations and a
worldwide sales and service network of around 5,000 service points,
PALFINGER creates added value from the challenges of its customers.
PALFINGER is consistently continuing on its course as a provider of
innovative, complete solutions that deliver increased efficiency and
better operability, while leveraging the potential of digitization along
the entire production and value chain.

PALFINGER AG has been listed on the Vienna stock exchange since 1999, and
in 2021 achieved record revenue of
EUR 1.84 billion. In 2022, PALFINGER celebrates its 90th anniversary under
the tagline „Celebrating the future since 1932“.

For further information please contact:
Hannes Roither | Company Spokesperson | PALFINGER AG
T +43 662 2281-81100 | [3]h.roither@palfinger.com

Texts and accompanying images are available in the „News“ section of
[4]www.palfinger.ag, [5]www.palfinger.com.

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24.02.2022 This Corporate News was distributed by EQS Group AG.
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: 1285077

 
End of News EQS News Service

1285077  24.02.2022 

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