PALFINGER growth initiatives pay off

News Story
- 8 Aug 2019 ( #935 ) - Bergheim, Austria
2 min read
Andreas Klauser
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.
Jungheinrich records ‘resilient’ results
Jungheinrich records ‘resilient’ results 16 Aug 2024 - Hamburg, Germany - 1 min read
KION narrows revenue forecast
KION narrows revenue forecast 8 Aug 2024 - Frankfurt, Germany - 1 min read
Kalmar makes stock market debut
Kalmar makes stock market debut 4 Jul 2024 - Helsinki, Finland, Finland - 1 min read
Previously about:
New product launches at Bauma News Story - 24 Apr 2025 - Munich, Germany - 2 min read
Palfinger to showcase prototype News Story - 3 Apr 2025 - Bergheim, Austria - <1 min read
Briefs News Story - 30 Jan 2025 - 2 min read
Do you have materials handling news? Submit your news here

Find the right machine for your business with F. Uchiyama, exporter and wholesaler of used forklifts and construction machinery. With 100 years of experience in the trade, you can leave the export procedures to us!
FOR SALE:
2016 TCM FD115-3 rough terrain forklift 
1999 Hitachi HX99B telescopic boom 
2017 Unicarriers counterbalanced forklift 

Find more machines here | Contact us with enquiries 

Words of support …

I know I can count on them. They give valuable suggestions on the campaign planning, and to publish content is as easy as abc, as they take care of the material layout and check links. This is a great support.

Annalisa Castellini, Marketing Manager - Bolzoni S.p.A.

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

We’re excited to launch a major upgrade to the Forkliftaction forums, packed with new features and improvements. Here’s what’s new:

  • You can now add up to two photos to your posts
  • New search & navigation - find what you need easier
  • Smart brand/model tagging across all forums
  • Top contributors recognised for their efforts!

 Head over to the forums to check it out!

PREMIUM business

Shenzhen Wellwit Robotics Co., Ltd
The Largest AMR/AGV ODM/OEM Manufacturer in China.

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

PREMIUM business

Cascade Corporation (World HQ)
Leading manufacturers of attachments, forks and related technologies for forklifts and AGVs.

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

Find the right machine for your business with F. Uchiyama, exporter and wholesaler of used forklifts and construction machinery. With 100 years of experience in the trade, you can leave the export procedures to us!
FOR SALE:
2016 TCM FD115-3 rough terrain forklift 
1999 Hitachi HX99B telescopic boom 
2017 Unicarriers counterbalanced forklift 

Find more machines here | Contact us with enquiries