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Palfinger AG — Earnings Release 2001
Oct 29, 2001
753_rns_2001-10-29_59ab4fc2-2ac3-4722-940a-707596178c39.html
Earnings Release
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Ad-hoc | 29 October 2001 08:28
Palfinger AG english
www.palfinger.com Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Palfinger AG unveils indicated quarterly results at Extraordinary General Meeting * Revenue up by 8.4 percent, EBIT down by 0.9 percent * Expansion strategy remains in place Salzburg, 29 October 2001 At the Extraordinary General Meeting the Management Board of Vienna listed Palfinger AG announced indicated results for the third quarter of 2001. Despite the severe deterioration in the business climate Palfinger recorded further year-on-year revenue growth, by 8.4 percent to EUR 253 million (m). EBIT and pretax profits declined slightly, by 0.9 percent to EUR 33m and by 1.4 percent to EUR 29.3m, respectively. While they mark an end to recent improvements in earnings, the figures underline the company’s ability to weather periods of crisis. The Management Board expects the net profit for financial 2001 as a whole to be marginally down on the previous year, representing the second-best result in the company’s history following a particularly strong performance in 2000. Despite the uncertain economic outlook Palfinger’s successful expansion strategy remains in place. Future acquisitions will further cushion the company against the impact of downturns in individual industries or markets. The figures are based on indicated IAS accounts. The final results will be announced on 19 November 2001. EUR m Q1-3 2001e Change Q1-3 2000 Q1-3 1999 Revenue 252.5 + 8.4% 233.0 167.7 EBIT 32.7 – 0.9% 33.0 17.6 Profit before tax 29.3 – 1.4% 29.7 14.7 Contact: Hannes Roither, Palfinger AG Public & Investor Relations Tel: +43 (0)662 4684 2260 [email protected] http://www.palfinger.com end of ad-hoc-announcement (c)DGAP 29.10.2001 ——————————————————————————– WKN: 075830; Index: Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin, Düsseldof Frankfurt und Stuttgart 290828 Okt 01