EQS-News: PALFINGER AG: 2024 second-best financial year in the company’s history

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: 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.