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euro adhoc: Palfinger AG
quarterly or semiannual financial statement / PALFINGER AG - record performance 3rd Quarter 2005

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
15.11.2005
Another PALFINGER record performance
•       Turnover was increased by 31.7%, EBIT by 79.4%
•       Crane segment as main driver
PALFINGER, the worldwide leader of knuckle-boom cranes, could
continue its successful performance of the first half-year also in
the third quarter. The all-time high of the second quarter could even
be outperformed in the third quarter slightly. Besides the core
business crane in Europe the high capacity-utilization in all
production areas and the successful establishment of cylinder
production in Tenevo / Bulgaria are mainly responsible for the strong
growth.
PALFINGER raised its turnover compared to last year by 93.0m EUR or
31.7% to 386.0m EUR. Due to the above-average EBIT increase by 79.4%
to 52.9m EUR the EBIT margin could be boosted to 13.7% in the first
three quarters.
Consolidated earnings were doubled to 37.9m EUR, which corresponds to
an earnings per share of 4.30 EUR.
As a result of the turnover increase by 32% and the first-time
consolidation of the British acquisition RATCLIFF PALFINGER at the
beginning of  August, which contributes 4.8m EUR to the turnover, the
balance sheet total went up. At the same time, however, equity ratio
was raised to 51.4%.
In the product segment the profitable crane business in Europe is
characterized by a shift in demand towards high-performance cranes
and high-grade fittings and is additionally boosted by market growth
in North America and further market penetration of PALFINGER cranes
in South America. EPSILON was able to continue its growth
effectively. The segment services could not only raise its turnover,
but also achieve a positive operational result.
In 2005 the definitive start for Asia as a strategic area was
realized. As Singapore was nominated headquarter for Asia,
organizational and functional structures were further pushed.
For the whole year, as already announced, we expect a new record in
turnover and EBIT again. Besides the implementation of PALFINGER’s
strategy on innovation, internationalization, and diversification
PALFINGER will focus on hedging and optimizing the excellent profit
situation of the crane segment and on the necessary and sustainable
profit increase in the weaker product range in the segment hydraulic
systems.
end of announcement                               euro adhoc 15.11.2005 07:29:47

Further inquiry note:

Hannes Roither, PALFINGER AG
Company spokesperson
Tel. +43 662 46 84-2260
h.roither@palfinger.com
www.palfinger.com

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

Original content of: Palfinger Holding AG, transmitted by news aktuell

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