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28.02.2007 – 08:14

Palfinger Holding AG

euro adhoc: Palfinger AG
Financial Figures/Balance Sheet
PALFINGER continues profitable growth

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
annual report
28.02.2007
PALFINGER continues profitable growth
•       Revenues up 12.5%
•       Earnings up 18.2%
in EUR m                      2006      2005      2004
Revenue                      585.2     520.0     403.7
EBITDA                        92.1      77.5      53.9
EBIT                          77.0      65.1      41.7
Consolidated net profit       56.6      48.1      27.4
Bergheim / Salzburg, 28 February 2007
PALFINGER, the world market leader in truck-mounted knuckle-boom cranes,
achieved further revenue and earnings records in the 2006 business year. "Our
growth in turnover is organically based on the strong performance of the core
business CRANE in Europe and on the favourable market conditions and the high
capacity utilisation in all product areas. Further profitable growth is
supported by our strategic focus on our three organisational pillars innovation,
internationalisation, and diversification", said DI Wolfgang Anzengruber, CEO of
PALFINGER AG, on Wednesday at the press conference on the 2006 financial
statements in Vienna.
The profitable European Cranes business was characterised in 2006 by the
continuing trend towards high-performance product classes and fittings, the
excellent market position in Western Europe, and above-average rates of growth
in Eastern Europe. The Services area achieved significant rates of year-on-year
growth in both revenues and earnings.
Revenue compared with the same period of the previous year grew by EUR 65.2m, or
12.5 percent, to EUR 585.2m. EBIT compared with the prior-year period rose EUR
11.9m, or 18.2 percent, to EUR 77.0m, equivalent to an EBIT margin of 13.2
percent.
The major driver for the company’s profitable growth in Europe is the segment
CRANE. Market growth in Skandinavia, Germany, and Eastern Europe exceeded the
company’s expectations. During the last year PALFINGER invested in capacity
expansions, rationalisation measures, and quality improvements as well as in the
build up of the Area Asia & Pacific. In 2006 the assembly of the container
handling systems in China was started. Growth in North America was strengthened
due to a closer dealer structure and an optimised sales and key account
management.
The same general macro-economic conditions that prevailed in 2006 are
anticipated to continue in 2007. In 2007, PALFINGER will focus on securing its
technological and innovative leadership on a sustainable basis and so the
continuation of the profitable growth strategy.
About PALFINGER AG PALFINGER has for many years 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 in 2006 of EUR
585.2m.
The Group has production and assembly facilities in Europe, in North
and South America as well as in Asia. The strategic 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 1,500 sales and service centres located in over 125 countries
across five continents.
Both textual and related pictorial material is 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 28.02.2007 07:31:33

Further inquiry note:

Hannes Roither, PALFINGER AG
Unternehmenssprecher
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 of: Palfinger Holding AG, transmitted by news aktuell