Palfinger AG — Earnings Release 2000

Mar 30, 2001

News Details

Ad-hoc | 30 March 2001 08:05

Ad hoc-Service: PALFINGER AG

Ad-hoc Mitteilung übermittelt durch die DGAP. Für den Inhalt der Mitteilung ist allein der Emittent verantwortlich. —————————————————————————— PALFINGER AD HOC-INFORMATION Third record year in succession for Palfinger Salzburg based global market leader aiming for growth and e- logistics . Profits growth outpaced turnover again . Crane and hook loader sales up . Palfinger USA and new hydraulic tailgate range to bring growth this year . Reduced costs despite high capacity utilization . Capital expenditure doubled . Dividend increased by 75 percent Bergheim/Salzburg, 30 March 2001 IAS (EUR million) 2000 % change 1999 Revenue 315.0 +29.5 243.2 EBIT 44.7 +65.8 27.0 Profit before tax 41.9 +74.5 24.0 Consolidated net 27.9 +66.3 16.8 profit for the year EPS in EUR 3.32 +59.1 2.09 Dividend per share 1.00 +75.4 0.57 in EUR Financial 2000 was the best year in the history of the Palfinger Group, and marked the third year in succession of record results, after 1998 and 1999. Volume, revenue and profits were well above the previous year’s high levels, setting new standards for performance. All the company’s operating divisions contributed to earnings. In line with Palfinger’s watchword of “controlled growth: profits before revenue”, EBIT was up by 65.8 percent and earnings per share by 59.1 percent, on revenue growth of 29.5 percent. Subject to approval by the Annual General Meeting, shareholders will be paid a dividend of EUR 1.00 per share for the 2000 financial year – an increase of 75.4 percent. Strong showing by Palfinger stock Palfinger was the second-best performer on the Vienna market in 2000, gaining about 75 percent. In the course of the year OTC trading of Palfinger stock commenced on the Frankfurt, Berlin, Düsseldorf and Stuttgart exchanges. As both a growth and value stock, Palfinger is listed in the Vienna Dynamic Index (ViDX), and is one of its high flyers. Outlook Management anticipates further growth this year – but at a slower pace than in 2000, owing to the gloomier economic outlook. Palfinger is standing by its targets of increases in the EBIT margin and earnings per share. Contact: Hannes Roither, Palfinger AG Head of Public & Investor Relations Tel: +43 (0)662 4684 2260 or +43 (0)664 2069247 h.roither@palfinger.com www.palfinger.com Ende der Mitteilung