Palfinger AG — Earnings Release 2001

Jan 17, 2002

News Details

Ad-hoc | 17 January 2002 08:14

Palfinger AG english

www.palfinger.com Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Palfinger announces projected results for 2001 Kitzbühel, 17 January 2002 The Management Board of Vienna listed PALFINGER AG is announcing projected results for the whole of 2001 at the investment conference in Kitzbühel organised by the HVB Group. Palfinger sold 17,700 cranes and systems in 2001 – a slight increase in volume from the previous year (2000: 17,097). Revenue grew by 5.0 percent to reach EUR 330.7 million (m). Earnings before interest and tax (EBIT) are expected to decline by 14.5 percent to EUR 38.2m (2000: EUR 44.7m), largely reflecting heavy investment in new products and in property, plant and equipment, as well as a fall in capacity utilisation during the second half of the year. Management does not expect any significant improvement in the economic climate in the near term. Despite the harsh trading environment Palfinger recorded an EBIT margin of 11.6 percent in 2001. The company’s successful expansion strategy will therefore remain in place. In order to maintain its technological lead, Palfinger has taken a 25.1 percent interest in software company star/trac supply chain solutions GmbH. The line-up between Palfinger’s E-logistics profit centre and the young Munich company already has some initial successes to its name. star/trac develops the software required for monitoring and controlling logistics chains. The above indicators are provisional results taken from the projected IAS statements. The final results will be published on 25 March 2002. Contact: Hannes Roither, PALFINGER AG Head of Public & Investor Relations Tel: +43 (0)662 4684 2260 h.roither@palfinger.com http://www.palfinger.com end of ad-hoc-announcement (c)DGAP 17.01.2002 ——————————————————————————– WKN: 075830; ISIN: AT0000758305; Index: Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin, Düsseldorf, Frankfurt und Stuttgart 170814 Jän 02