EQS-Adhoc: PALFINGER AG: Outstanding 1st quarter 2024 / Earnings forecast for 2024 as a whole significantly lower than record year 2023

EQS-Ad-hoc: Palfinger AG / Key word(s): Forecast
PALFINGER AG: Outstanding 1st quarter 2024 / Earnings forecast for 2024 as
a whole significantly lower than record year 2023

29-March-2024 / 14:14 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS
Group AG.
The issuer is solely responsible for the content of this announcement.

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Bergheim, Austria, March 29, 2024

At today’s adjustment meeting of global production capacities and
procurement volumes, PALFINGER’s management decided to reduce production
levels due to continuing low order intake in the core region EMEA.  As a
result of this decision, a slight drop in revenue is expected for 2024 as
a whole compared to 2023, as is EBIT 20 percent below that of record year
2023 (EBIT 210.2 million).

Due to the high volume of billing in the last days of March 2024,
PALFINGER’s management expects earnings for Q1/2024 significantly higher
than the same period of the previous year (EBIT Q1/2023: EUR 48.9
million).

End of Inside Information

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29-March-2024 CET/CEST News transmitted 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: 1870717

 
End of Announcement EQS News Service

1870717  29-March-2024 CET/CEST