27.10.2016,
5370 Zeichen
Disclosed inside information pursuant to article 17 Market Abuse Regulation
(MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution. The
issuer is solely responsible for the content of this announcement.
Financial Figures/Balance Sheet/9-month report 27.10.2016
10.9 per cent revenue growth to EUR 996.6 million\nHarding acquisition makes PALFINGER world market leader in maritime lifesaving equipment\n14.7 per cent increase in EBITDA normalized by restructuring costs (EBITDAn) to EUR 131.1 million\n3.4 per cent rise in consolidated net result to EUR 49.7 million ______________________________________________________________________________ | | Q1-Q3 2014*| Q1-Q3 2015*| Q1-Q3 2016| %| |Revenue | 782.5| 898.9| 996.6| 10.9%| |(EUR million) |_______________|_______________|_______________|_______________| |EBITDAn** | 82.0| 114.3| 131.1| 14.7%| |(EUR million) |_______________|_______________|_______________|_______________| |EBITDAn | 10.5%| 12.7%| 13.2%| -| |margin** in % |_______________|_______________|_______________|_______________| |EBITn** | 55.7| 84.0| 96.9| 15.4%| |(EUR million) |_______________|_______________|_______________|_______________| |EBITn | 7.1%| 9.3%| 9.7%| -| |margin** in % |_______________|_______________|_______________|_______________| |EBIT | 55.7| 77.3| 86.4| 11.7%| |(operating | | | | | |result) |_______________|_______________|_______________|_______________| |Consolidated | 32.2| 48.1| 49.7| 3.4%| |net result for| | | | | |the period | | | | | |(EUR million) |_______________|_______________|_______________|_______________| |Human | 7,376| 8,765| 9,144| 4.3%| |resources*** |_______________|_______________|_______________|_______________|\nFigures were adjusted with retrospective effect (see 2015 Annual Report pp. 146-149). ** These figures for 2015 and 2016 were normalized (n) by restructuring costs. *** Consolidated group companies excluding equity shareholdings as well as excluding temporary workers.\nBergheim, 27 October 2016
Performance of the PALFINGER Group
In the first three quarters of 2016, the PALFINGER Group posted further growth
in a global environment that continued to be divergent. Revenue rose by 10.9
per cent to EUR 996.6 million, as compared to EUR 898.9 million in the first
three quarters of 2015, thus setting a new record for a third-quarter result.
In particular the positive development in Europe in almost all the product
areas, as well as the acquisition of Harding, contributed to the expansion of
business. However, the necessary restructuring in North America and the marine
business had a negative impact on results.
Profitability still showed satisfactory development. EBITDA normalized by
restructuring costs (EBITDAn) went up by 14.7 per cent to EUR 131.1 million,
resulting in a margin of 13.2 per cent. Restructuring costs amounted to EUR
10.6 million, as compared to EUR 6.6 million (retrospectively calculated) in
the same period of the previous year. EBIT thus increased by 11.7 per cent from
EUR 77.3 million to EUR 86.4 million. The consolidated net result for the first
three quarters of 2016 was EUR 49.7 million, 3.4 per cent higher than the
previous year's figure of EUR 48.1 million. Earnings per share came to EUR
1.33, as compared to EUR 1.29 in the previous year.
Outlook
The level of incoming orders gives reason to expect that in the fourth quarter
of 2016 the PALFINGER Group will continue to record generally positive, albeit
divergent, business development at regional level. Moreover, the acquisition of
the Harding Group has resulted in an enormous expansion of PALFINGER's
business. However, the necessary restructuring measures, particularly in North
America and in the marine business, will impact negatively on earnings.
For the 2016 financial year, the management still expects revenue growth of
approx. 10 per cent, and an increase in earnings when normalized by integration
and reorganization expenses. PALFINGER still sees the potential to increase the
annual revenue generated by the Group, including the joint venture companies in
China and Russia, by 2017.
The Interim Report for the First Three Quarters of 2016 is available for
download at www.palfinger.ag/en/newsroom/financial-reports.
Text and related picture material is available for downloading from the Press
Corner on our website at www.palfinger.ag.
end of announcement euro adhoc
issuer: Palfinger AG
Lamprechtshausener Bundesstraße 8
A-5020 Salzburg
phone: 0662/2281-81101
FAX: 0662/2281-81070
mail: ir@palfinger.com
WWW: www.palfinger.ag
sector: Machine Manufacturing
ISIN: AT0000758305
indexes: Prime Market
stockmarkets: official market: Wien
language: English
Digital press kit:
http://www.ots.at/pressemappe/1659/aom
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