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Palfinger Holding AG

euro adhoc: quarterly or semiannual financial statement
PALFINGER - an unbroken history of success

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
3-month report
08.05.2007
PALFINGER - an unbroken history of success with further growth
in results in the first quarter of 2007
o Continuing strong demand pushed up revenues by 15.9 percent  o EBIT
increased by 37.2 percent, corresponding to an EBIT margin of 14.8   
percent  o Measures aimed at raising capacity and enhancing material 
supply underway
|in EUR m               |Q1 2007  |%       |Q1 2006 |Q1 2005  |
|                       |         |        |        |         |
|Revenue                |162.4    |+ 15.9% |140.1   |121.7    |
|EBITDA                 | 27.2    |+ 31.5% | 20.7   | 19.7    |
|EBIT                   | 24.0    |+ 37.2% | 17.5   | 17.1    |
|EBIT margin            | 14.8%   |-       | 12.5%  | 14.1%   |
|Net profit for the     | 19.6    |+ 56.6% | 12.5   |12.8     |
|period                 |         |        |        |         |
Bergheim, Salzburg, 8 May 2007
In the first quarter 2007, PALFINGER  achieved  record  revenues  and  earnings.
Revenues increased by 15.9 percent to EUR 162.4 million,  and  -  compared  with
the same quarter of the previous year - EBIT rose by 37.2  percent  to  EUR 24.0
million. The EBIT margin reached 14.8  percent,  up  from  12.5 percent  in  the
first quarter of the previous year; proportionately, the growth in order  volume
was very significant.
The prime contributors to this increase in revenues and  earnings  continued  to
be the cranes business in Europe  and  the  high  capacity  utilisation  in  all
production areas. Still, the situation in the materials and  components  segment
remained tight. Furthermore,  PALFINGER  was  faced  with  another  increase  in
material prices. Thus, in line with this  increase  in  material  prices,  sales
prices were raised at the beginning of the year,  but  due  to  the  high  order
volume the price increase is expected to have a delayed effect on  the  results.
Capacities have been and will continue to be expanded, with the focus  remaining
on the ongoing commitment to improving effectiveness, efficiency, and quality.
The operating cash flow amounted to EUR 7.9 million in the period under  review,
up from EUR 6.2 million in the  same  period  of  the  previous  year.  The  low
gearing ratio of 7.4 percent and the equity ratio of  54.4  percent  -  together
with the cash flow - constitute a sufficient  foundation  for  our  strategy  to
finance further growth from our own resources.
On the basis of the excellent results of the first quarter as well as
the positive development in terms of new orders, management expects 
record revenues and earnings in the 2007 financial year.
The  successful  implementation  of  the  capacity-raising  measures 
initiated together with a stable materials supply, as well as  the  
successful  turnaround in HYDRAULIC SYSTEMS set the framework for the
2007 financial year. +++
About PALFINGER AG For many years PALFINGER has been one of the 
world's leading manufacturers of hydraulic lifting, loading, and 
handling systems. As a multinational group headquartered in Salzburg,
the company's 3,500 staff generated total sales of EUR 585.2m in 
2006. The Group has production and assembly facilities in Europe, in 
North and South America as well as in Asia. The pillars of corporate 
strategy comprise innovation, and the further internationalisation 
and diversification of products and services. PALFINGER is regarded 
not only as the market leader, but also the technology leader, in the
global market for hydraulic knuckle-boom cranes. PALFINGER is always 
in proximity to its customers due to its over 1,600 sales and service
centres located in over 125 countries across five continents.
Both text and pictures are available for download in the press corner
of our website at www.palfinger.com. An extensive database of press 
documents and pictures can also be found at the PALFINGER EXTRANET. 
Please register for this free service at 
http://extranet.palfinger.com
end of announcement                               euro adhoc 08.05.2007 07:26:49

Further inquiry note:

Hannes Roither, PALFINGER AG
Head of Public Relations & Investor Relations
Tel.: +43 662 46 84-2260
mailto:h.roither@palfinger.com
www.palfinger.com

Branche: Machine Manufacturing
ISIN: AT0000758305
WKN: 919964
Index: ATX Prime
Börsen: Wiener Börse AG / official dealing

Original-Content von: Palfinger Holding AG, übermittelt durch news aktuell

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