euro adhoc: Palfinger AG / quarterly or semiannual financial statement / PALFINGER extends structures for further growth (E)

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08.11.2007

PALFINGER extends structures for further growth

o In the third quarter 2007 PALFLINGER once again reports record results
o Demand for all PALFINGER systems remains strong
o Investments in the increase of capacities and efficiency are continued
o Continued growth expected for 2008

|EUR ´000 |Q1-Q3 2007 |% |Q1-Q3 2006 |Q1-Q3 2005 |
| | | | | |
|Revenue |504.6 |+ 15.4% |437.2 |386.0 |
|EBITDA | 84.0 |+ 21.5% | 69.1 | 60.8 |
|EBIT | 73.3 |+ 23.8% | 59.3 | 52.6 |
|EBIT margin | 14.5% |- | 13.6% | 13.6% |
|Consolidated net profit| 53.1 |+ 27.0% | 41.8 | 37.6 |
|for the period | | | | |

The PALFINGER Group continued to pursue its growth strategy during the first
three quarters 2007. The uninterrupted strong demand for all systems, which
resulted in a high order intake, supported PALFINGER in expanding its position
in the market for loading, lifting, and handling solutions and in reporting
record results once again.
Revenue rose to EUR 504.6 million, which is 15.4 percent above the figure of
EUR 437.2 million for the same period of the previous year. EBIT rose by
23.8 percent to EUR 73.3 million, up from EUR 59.3 million in the same period
of 2006. The EBIT margin amounted to 14.5 percent as compared to 13.6 percent
in the previous year.
The operating cash flow increased from EUR 38.2 million in the same period of
the previous year to EUR 49.0 million in the period under review. The high
investment volume in 2007 resulted in a reduction of free cash flow from
EUR 26.9 million in the first three quarters 2006 to EUR 3.7 million in the
period under review. The equity ratio remained almost unchanged at a high level
of 57.8 percent. The gearing ratio rose from 6.8 percent to 14.2 percent due to
the comprehensive investment programme.
As the results for the fourth quarter 2007 will also show a clear improvement
as compared to the same period in 2006, management again expects record
revenues and earnings for the entire financial year 2007. PALFINGER assumes
that the market environment will remain strong during 2008, which will be
reflected in an increasing order intake and in a repeated growth in revenues
and earnings.

Further inquiry note:
Hannes Roither, PALFINGER AG
Company Spokesperson
Phone +43 662 46 84-2260
[email protected]

Anton Graf, PALFINGER AG
Investor Relations
Tel. +43 662 46 84-2275
[email protected]
www.palfinger.com

end of announcement euro adhoc 08.11.2007 07:25:12
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emitter: Palfinger AG
F.W.Schererstraße 24
A-5101 Bergheim
phone: 0662/4684 2275
FAX: 0662/4684 109
mail: [email protected]
WWW: www.palfinger.com
sector: Machine Manufacturing
ISIN: AT0000758305
indexes: ATX Prime
stockmarkets: official market: Wiener Börse AG
language: English

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