EANS-Adhoc: PALFINGER expected to be confronted with a decline in consolidated net result

Disclosed inside information pursuant to article 17 Market Abuse Regulation (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.

Earnings Forecast
14.12.2017

Bergheim -

  • Record in revenue, EBIT and EBIT before restructuring costs expected
  • Record in order book and record in order intake
  • Profitability affected by one-time effects and delays in deliveries

PALFINGER is expecting record revenue for the full year 2017. However, the financial indicators for November and the first monthly estimations for December show a decline in consolidated net result and low growth rates in EBIT and EBIT before restructuring costs for the full year 2017. Despite record order book and an excellent order intake, suppliers as well as capacity constraints at the company's own production plants led to this development; profitability will also be impacted by one-time effects. Restructuring measures in North America and in the SEA segment will have a negative impact on results in 2017 and are expected to continue in 2018. The financial result is additionally affected by a further one-time effect.

For this reason, the Executive Board of PALFINGER AG considers it necessary to indicate that the consolidated net result for the full year 2017 is expected to be clearly below the previous year's level.

From today's perspective, strong market demand coupled with an excellent order book should lead to a strong first quarter in 2018.

The financial report 2017 will be published on 8th February 2018.

end of announcement euro adhoc

issuer: Palfinger AG
Lamprechtshausener Bundesstraße 8
A-5020 Salzburg
phone: 0662/2281-81101
FAX: 0662/2281-81070
mail: ir@palfinger.com
WWW: www.palfinger.ag
ISIN: AT0000758305
indexes:
stockmarkets: Wien
language: English

Digital press kit: http://www.ots.at/pressemappe/1659/aom

Rückfragen & Kontakt:

Hannes Roither, PALFINGER AG
Company Spokesperson
Phone: +43 662 2281-81100
mailto: h.roither@palfinger.com
www.palfinger.ag

ORIGINAL APA-OTS TEXT - THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS SUBJECT TO THE EXCLUSIVE RESPONSIBILITY OF THE ISSUER | EAE0002