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21st Austria weekly - Palfinger, Polytec (26/04/2024)

28.04.2024

Palfinger: In the first quarter of 2024, lifting solutions provider Palfinger recorded revenues of EUR 578.5 million, an operating result (EBIT) of EUR 54.7 million and consolidated net result of EUR 32.5 million. The company thus achieved its strongest EBIT and consolidated net result in a first quarter. This despite a very challenging economic environment, geopolitical uncertainties and the resulting weakening of core markets in Europe. Due to the continued low level of orders in the EMEA region, production was reduced. For the full year a slight decline in revenue compared to 2023 (revenue of EUR 2,446 million) and an EBIT of around 20 percent below that of the record year 2023 (EBIT of EUR 210.2 million) are expected.
Palfinger: weekly performance: 0.93%

Polytec: Consolidated sales revenues of the Polytec Group, developer and manu­facturer of high-quality plastic components, amounted to EUR 636.0 million in the 2023 financial year, up 5.8% on the previous year (EUR 601.4 million). Polytec in the 2023 financial year amounted to EUR 26.6 million (previous year: EUR 33.2 million). The successful order acquisitions of previous years led to an aggregation of new ramp-ups in the course of the 2023 financial year, especially at two plants. These, together with the delays in the delivery of urgently needed new production facilities, weighed on operational efficiency. From today's perspective, the management expects planned consolidated sales revenues in the range of EUR 660 million to EUR 710 million for the 2024 financial year and is targeting an EBIT margin of around 2% to 3%. The rising sales trend will be strengthened by the ramp-up of new projects, which are a consequence of the high order intakes of previous years.
Polytec Group: weekly performance: -0.61%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (26/04/2024)


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21st Austria weekly - Palfinger, Polytec (26/04/2024)


28.04.2024, 1875 Zeichen



Palfinger: In the first quarter of 2024, lifting solutions provider Palfinger recorded revenues of EUR 578.5 million, an operating result (EBIT) of EUR 54.7 million and consolidated net result of EUR 32.5 million. The company thus achieved its strongest EBIT and consolidated net result in a first quarter. This despite a very challenging economic environment, geopolitical uncertainties and the resulting weakening of core markets in Europe. Due to the continued low level of orders in the EMEA region, production was reduced. For the full year a slight decline in revenue compared to 2023 (revenue of EUR 2,446 million) and an EBIT of around 20 percent below that of the record year 2023 (EBIT of EUR 210.2 million) are expected.
Palfinger: weekly performance: 0.93%

Polytec: Consolidated sales revenues of the Polytec Group, developer and manu­facturer of high-quality plastic components, amounted to EUR 636.0 million in the 2023 financial year, up 5.8% on the previous year (EUR 601.4 million). Polytec in the 2023 financial year amounted to EUR 26.6 million (previous year: EUR 33.2 million). The successful order acquisitions of previous years led to an aggregation of new ramp-ups in the course of the 2023 financial year, especially at two plants. These, together with the delays in the delivery of urgently needed new production facilities, weighed on operational efficiency. From today's perspective, the management expects planned consolidated sales revenues in the range of EUR 660 million to EUR 710 million for the 2024 financial year and is targeting an EBIT margin of around 2% to 3%. The rising sales trend will be strengthened by the ramp-up of new projects, which are a consequence of the high order intakes of previous years.
Polytec Group: weekly performance: -0.61%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (26/04/2024)



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