EQS-Information: PALFINGER AG: Traditionally Highest Half-12 months Gross sales Regardless of Main Challenges | new

EQS-Information: Palfinger AG / Tag(s): Half-year outcomes

PALFINGER AG: traditionally highest half-year turnover regardless of main challenges

07/29/2022 / 07:00
The issuer/writer is chargeable for the content material of the notification.

PRESS RELEASE Bergheim, Austria July 29, 2022

Traditionally highest half-year income regardless of main challenges

  • Report order guide in a unstable setting
  • The primary half of the 12 months was characterised by an unstable provide chain, excessive inventories and rising materials prices
  • Gross sales goal of two billion euros for 2022
in hundreds of thousands of euros 1st semester/2020 1st semester/2021 1st semester/2022 %
Gross sales quantity 729.8 884.1 1,039.0 +17.5%
EBITDA 84.9 133.5 119.5 -10.5%
EBITDA margin in % 11.6 15.1 11.5
EBIT 38.7 92.1 80.2 -12.9%
EBIT margin in % 5.3 10.4 7.7
Group outcome 15.1 56.1 39.2 -30.1%
Worker 1) 11,078 11,653 12.135

1) The values ​​on the cut-off date of the group’s consolidated corporations are given excluding holdings and with out non permanent staff.

Macroeconomic turmoil, strained world provide chains, rising vitality and materials prices and foreign money alternate charges are affecting key figures for the primary half. On this unstable setting, PALFINGER achieved document gross sales of 1,039.0 million euros and an working results of 80.2 million euros.

Business successes in LATAM and Marine
The conflict in Ukraine will sluggish market demand in EMEA from the second quarter. Within the NAM and particularly LATAM areas, then again, PALFINGER is having fun with continued good demand. The corporate has additionally achieved industrial successes within the maritime sector: a framework settlement was concluded with Aker BP for the upkeep and supply of remote-controlled offshore cranes.

dynamic pricing
Given the excessive order guide and the late entry into drive of its personal worth will increase, PALFINGER will change to dynamic pricing from January 2023. With the brand new listed and versatile pricing mannequin, PALFINGER can react rapidly to the rising or falling prices. On this means, we assure transparency, the rapid and direct switch of prices and, due to this fact, a stabilization of profitability, explains PALFINGER CEO Andreas Klauser innovation.

future investments
As a part of the investments to implement Technique 2030, PALFINGER is opening its world expertise middle in Köstendorf. Right here, management, regulation and drive expertise is developed centrally and uniformly for all PALFINGER options worldwide. The acquisition of the 35% minority stake within the French firm Guima Palfinger SAS and the 40% minority stake within the Portuguese firm Comercio e Aluguer de Maquinas, SA permits it to react much more rapidly and effectively to adjustments within the competitors and market within the EMEA area.

key monetary information
The consolidated turnover of PALFINGER AG amounted to 1,039.0 million euros within the first half of 2022 in comparison with 884.1 million euros in the identical interval of the earlier 12 months. This corresponds to a rise of 154.9 million euros or 17.5%, which displays the sturdy market demand for PALFINGER merchandise, but additionally the rise in promoting costs and the consequences of alternate charges.
EBITDA decreased by 10.5% to 119.5 million euros in comparison with the primary half of 2021. The working outcome (EBIT) decreased from 92.1 million euros within the first half of 2021 as a consequence of value will increase and the offsetting impact of worth will increase to €80.2 million. after 56.1 million euros as of June 30, 2021.
The dissolution of the cross-shareholding with SANY and the acquisition of minority pursuits decreased shareholders’ fairness and affected the stability sheet construction accordingly. Excessive inventories led to a powerful enhance in financing quantity, however the financing construction could be very engaging with a median rate of interest of 1.25%. Attributable to unstable provide chains, inventories elevated massively and resulted in a rise in internet monetary debt of €604.1 million in comparison with €386.1 million in the identical interval of the 12 months former.

outlook
PALFINGER’s sturdy backlog extends into the second quarter of 2023. Additional worth will increase will take impact within the second half of 2022 and element and materials value will increase have, from the present outlook, handed their peak . However, given the geopolitical state of affairs, PALFINGER expects exceptionally excessive volatility by means of the top of fiscal 2022 and past. On this troublesome setting, PALFINGER is aiming for a turnover of two billion euros in 2022.
PALFINGER stays devoted to its medium and long-term targets. In 2024, gross sales of two.3 billion euros from natural development, a ROCE of 12% and an EBIT margin of 10% should be achieved. Turnover of three.0 billion euros is predicted to fall by 2030 on the newest.
You could find the presentation for the primary half of 2022 right here: https://www.palfinger.ag/de/investoren/publikationen/displays

Right here you can find the stability sheet for the primary half of 2022:
https://www.palfinger.ag/de/investoren/publikationen/finanz-publikationen
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ABOUT PALFINGER AG
The worldwide expertise and mechanical engineering firm PALFINGER is the world’s main producer and provider of revolutionary crane and lifting options. With greater than 12,000 workers, greater than 30 manufacturing websites and a worldwide gross sales and repair community of roughly 5,000 bases, PALFINGER meets the challenges of its clients and creates added worth for them. PALFINGER continues its path as a provider of revolutionary and clever full options with elevated effectivity and higher user-friendliness, and exploits the potential of digitization all through the manufacturing and worth chain.

PALFINGER AG has been listed on the Vienna Inventory Alternate since 1999 and achieved document gross sales of 1.84 billion euros in 2021. In 2022, PALFINGER celebrates its ninetieth anniversary underneath the motto Celebrating the long run since 1932.

Be aware on the request:
Hannes Roither | Group spokesperson | PALFINGER S.A.
T +43 662 2281-81100 | h.roither@palfinger.com

The textual content and the corresponding photos can be found underneath Information on the web site www.palfinger.ag, www.palfinger.com.

07/29/2022 Publication of a Company Information/Monetary Information, transmitted by EQS Group AG. www.eqs.com

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