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10.08.2006 – 08:26

Palfinger Holding AG

euro adhoc: Palfinger AG
quarterly or semiannual financial statement / PALFINGER AG achieves record results again

--------------------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc.   The issuer is responsible for the content of this announcement. --------------------------------------------------------------------------------


PALFINGER achieves record results again

•          Revenue increased by 13.8%
•          EBIT of EUR 39.0m
•          Cranes business remains driving force

In EURm    1 HY 2006    1 HY 2005    1 HY 2004
Revenue        289,004        253,853        190,604
EBITDA          45,777         42,517         22,858
EBIT              39,015         37,233         17,168

Bergheim/Salzburg, 10 August 2006

In the first half of 2006, PALFINGER increased revenue to EUR 289.0m, a 13.8% increase compared to the previous-year period. Compared to previous year, EBIT rose from EUR 37.2m to EUR 39.0m, equivalent to an EBIT margin of 13.5 percent.

Ratcliff Palfinger Ltd. acquired in 2005 contributed EUR 13.1m to the total revenue increase of EUR 35.2m. Compared to previous year, consolidated net profit for the period increased by 3.4% to EUR 28.5m; equivalent to earnings per share of EUR 3.23. The high equity ratio of 54.3% underlines PALFINGER’s financial strength and provides a solid foundation for further growth.

In Europe, positive economic development in industries relevant for PALFINGER contributed to the company’s good performance. Revenue rose by 14.4% to EUR 255.3m. As a result of increased sales volumes, market penetration in Mexico, and the strong Brazilian Real, revenue in North and South America increased by 9.6% to EUR 33.7m.

The CRANES segment is marked by high capacity utilization; bottlenecks in materials supply impeded even better results. Revenue in the Hydraulic Systems and Services segment was increased by 21.6% to EUR 86.9m. EBIT declined from EUR -2.2m in the previous-year period to EUR -3.0m.

PALFINGER has set a solid foundation for the second half of 2006 and another record year. The focus in the months ahead is on activities to improve availability of materials, to increase capacity utilization, and to realize existing potentials to improve the performance of Hydraulic Systems.

end of announcement                                                 euro adhoc 10.08.2006 07:31:41

ots Originaltext: Palfinger Holding AG
Im Internet recherchierbar:

Further inquiry note:
Hannes Roither, PALFINGER AG
Company Spokesman
Tel.: +43 662 46 84-2260

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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