News service and business centre for materials handlingHOME

PALFINGER growth initiatives pay off

Wednesday, 7 Aug 2019 ( #935 ) - Bergheim, Austria
News Story
Andreas Klauser
The PALFINGER Group continued its growth in the first half of 2019, achieving double-digit increases in revenue and earnings.

"To put it in a nutshell, our report on the first half of 2019 is highly positive," says Andreas Klauser, CEO of PALFINGER AG.

"In the Land units, incoming orders were at a good level and our production facilities worked at full capacity utilisation. Our new (Global Palfinger Organization) structure is becoming well established. It helps us to act quickly and efficiently. This is already noticeable in our results. In the (Sea segment), we were able to largely complete the restructuring process. At the same time, the market started to recover and we have been generating more and more orders. We will intensify the integration of this segment into the GPO structure."
The PALFINGER Group’s revenue rose by 11.4% to EUR893.4 million (USD1 billion) in the reporting period, reaching yet another record level for a first-half reporting period.
EBITDA grew at the excellent rate of 17%, reflecting both positive business performance and a change in lease accounting requirements (IFRS 16 Leases).

Other significant developments detailed in the quarterly report include the implementation of a new business model through the foundation of the joint venture Palfinger Structural Inspection GmbH, referred to as STRUCINSPECT. This company revolutionises the inspection of structures through the use of new technologies, data and artificial intelligence. First reference projects have already been launched.
In June, PALFINGER and the Chinese lifeboat manufacturer Neptune agreed on a joint venture. This cooperation in sales and service of rescue equipment will open up new opportunities for PALFINGER, primarily in Asia and in China’s dynamic cruise ship market.
The outlook for 2019 as a whole remains positive, according to Klauser. On the basis of current market trends, PALFINGER expects another record year. Further ahead, PALFINGER sees continued growth potential in new products and new business models.
Discuss News stories in the Discussion Forums!
Forkliftaction Media Pty Ltd
PO Box 1439
Milton QLD 4064
About Forkliftaction
The Forkliftaction Team
Privacy Policy
Site Map
Business Directory
Discussion Forums
Industry News
Events Calendar
Jobs & Resumes
Photo Galleries
Blog articles
Our Bloggers

Industry Brands
Company Index
Regions & Countries

Advertise on Forkliftaction
Editorial Features / Calendar
Featured Businesses
Past News Editions
Industry Associations
Storing your login information automatically.

When you select the 'Remember me' option, your login information will be stored on your computer in the form of a cookie. When you visit again, the stored login information will be retrieved automatically and you will not have to submit your login parameters (email address and password) each time you want to visit our members-only pages.

A cookie is a small piece of data that is sent to your browser from a web server and stored on your computer's hard drive. A cookie can't read data off your hard disk or read cookie files created by other sites. Cookies do not damage your system.