[ad_1]
Listed crane manufacturer in Salzburg Palfinger also operates a large factory in Lengau in the Braunau district. Orders in core European markets such as Germany, France and Scandinavia have fallen sharply. In the first half of 2024, sales fell 3.3% from the first half of the previous year to 1.175 billion euros, but comprehensive profits were 68.3 million euros, up 7.9%. Due to the weak order situation in Europe, production capacity is being reduced.
Operating result (EBIT) remained stable in the first half of the year at EUR 112.2 million (+0.8%). Ebitda (operating earnings before interest, taxes, depreciation and amortization) also remained stable at EUR 156.4 million (-0.9%).
North American growth market
Good demand reported for service cranes and truck-mounted forklifts in North America Palfinger on Friday. Continued good economic and infrastructure investment will ensure a positive market environment and profitability will improve significantly. India, which is seen as a future market, also saw good growth, the report said. However, in China, there is still no sign of recovery.
Southern European countries such as Spain, Portugal, Italy and Greece continue to see positive growth, thanks to strong tourism and infrastructure projects. Palfinger The AG began preparing early for a longer period of greater instability.” Palfinger– CEO Andreas Klauser according to the announcement. “The product portfolio and global positioning play an important role, which proves to be a key resilience factor in the first half of 2024. The market for aerial work platforms as well as offshore and marine cranes is stable.”
Full-year sales are expected to be slightly lower than in 2023 (sales: €2,446 million). The EBIT forecast is 20% below the record year of 2023 (EBIT: €210.2 million). Palfinger Its goal is to achieve sales of 3 billion euros and an EBIT margin of 10% by 2027.
[ad_2]
Source link
