21st Austria weekly - Palfinger (26/07/2024)

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)

Christian Drastil: Wiener Börse Plausch

Song #57: Hear this! (A Duet with Podcast Guest Danja Bauer)

Bildnachweis

1. Palfinger, Eröffnung der neuen Nordamerika-Zentrale in Schaumburg, Illinois. Credit: Palfinger , (© Aussender)   >> Öffnen auf photaq.com

Aktien auf dem Radar:CA Immo, Immofinanz, Wienerberger, Strabag, Polytec Group, UBM, EVN, Wiener Privatbank, Palfinger, VIG, Mayr-Melnhof, Semperit, Telekom Austria, RBI, ams-Osram, AT&S, Marinomed Biotech, Wolford, Addiko Bank, Oberbank AG Stamm, Zumtobel, Agrana, Amag, Erste Group, Flughafen Wien, Kapsch TrafficCom, Österreichische Post, S Immo, Uniqa, Warimpex, Sartorius.

Random Partner

---

Verbund
Verbund ist Österreichs führendes Stromunternehmen und einer der größten Stromerzeuger aus Wasserkraft in Europa. Mit Tochterunternehmen und Partnern ist Verbund von der Stromerzeugung über den Transport bis zum internationalen Handel und Vertrieb aktiv. Seit 1988 ist Verbund an der Börse.

>> Besuchen Sie 68 weitere Partner auf boerse-social.com/partner