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ots Ad hoc-Service: PALFINGER AG <AT0000758305> Record-breaking year for Palfinger AG Preliminary results for 1999 again show earnings growing faster than revenue

Salzburg/Frankfurt am Main (ots Ad hoc-Service) -

The sender is solely responsible for the contents of this
announcement.
. Revenue up 24.4 percent 
   . EBIT up 26.7 percent 
   . Profit before tax up 32.5 percent
1999 was another record year for Vienna listed, Salzburg based
Palfinger AG. In the past financial year the global market leader in
truck-mounted knuckle boom cranes, and hydraulic lifting and handling
systems sold a worldwide total of 13,626 cranes and systems compared
with 10,392 in 1998. Revenue climbed by 24.4 percent to EUR 242.2
million (1998: EUR 194.6 mn). Earnings before interest and tax (EBIT)
increased by 26.7 percent to EUR 25.6 mn despite exceptionals in the
shape of the cost of the initial public offering and the acquisiton
of Guima. This corresponds to an EBIT margin of 10.6 percent. Pretax
earnings outpaced revenue growth still more markedly, rising by 32.5
percent to EUR 21.6 mn in 1999 (1998: EUR 16.3 mn). Preliminary IAS
consolidated retained profit for the year is EUR 13.8 mn, or EUR 1.60
per share.
Preliminary Results 1999:
   According to IAS    1999 in    1999 in    1998 in    +/- in
                       Mio ATS   Mio Euro    Mio Euro  Prozent
   Revenue               3.333     242,2      194,6    +24,2
   EBIT                  352,3      25,6       20,2    +26,7
   Profit before         297,2      21,6       16,3    +32,5
   tax
Retained profit       189.9      13,8       10,6    +30,2
The Annual Report will be presented on March 28th in Vienna, AGM
will be held in Salzburg on April 14th.
For further information please contact Palfinger AG, Klaus
Reisinger, Spokesman, +43-664-455 18 56, or Annelie Dubinin,
+43-662-46 84-2274,  a.dubinin@palfinger.com www.palfinger.com
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