28.07.2024, 1896 Zeichen

Palfinger:  In the first half of 2024, PALFINGER AG recorded revenue of EUR 1,175.4 million, an operating result (EBIT) of EUR 112.2 million and consolidated net income of EUR 68.3 million. PALFINGER AG thus generated a strong result despite geopolitical uncertainty and a challenging market environment in the European core markets. Positive development in most regions – EMEA still at a low level PALFINGER recorded strong demand for service cranes and truck-mounted forklifts in the North American market (NAM). The ongoing good economic situation and infrastructure investments are ensuring a positive market environment. Profitability in NAM increased significantly. Thanks to strong demand for loader cranes in the emerging Indian market, the Asia region (APAC) showed good growth from a low level, although there is still no recovery to be seen in China. In Latin America (LATAM) a positive trend can be seen, mostly driven by Brazil, its largest economy. The Marine Division recorded a significant increase in growth and profitability caused by additional service business and orders for offshore and marine cranes.   In the EMEA region, order intake remains at a low level, particularly in the core European markets of Germany, France and Scandinavia. Due to strong tourism and infrastructure projects, Southern Europe continues to show a positive trend, especially Spain, Portugal, Italy and Greece. "PALFINGER AG began preparing early for significantly more volatile conditions in the long term. The product mix and global positioning, which proved to be a key resilience factor in the first half of 2024, played an important role," stated Andreas Klauser, CEO of PALFINGER AG. "The markets for access platforms as well as offshore and marine cranes remained stable."
Palfinger: weekly performance: 3.60%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (26/07/2024)

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