Palfinger Holding AG

ots Ad hoc-Service: PALFINGER AG Palfinger AG gives preview of annual results at international investment conference

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    Kitzbühel (ots Ad hoc-Service) -      

    At an international investment conference staged by CA Investment Bank in Kitzbühel, the Palfinger management will not only discuss the companys IAS results for the third quarter, which have already been published, but also give indications of the coming annual results.

    In 1999 Palfinger sold 13,626 cranes and systems - 31.1 percent more than in 1998 (10,392 cranes and systems). Revenue grew by 24.5 percent to EUR 242.1 million (ATS 3,331 mn) from EUR 194.6 mn in 1998. Earnings before interest and tax (EBIT) registered a disproportionate increase of 27.2 percent to reach EUR 25.8 mn (ATS 355 mn) compared with EUR 20.2 mn in the previous year. In the light of the fact that order backlog is up by 54.8 percent (from EUR 37.9 mn to EUR 58.6 mn) the management is also optimistic about the current financial year.

    The above figures include five months revenue and profits from Guima S.A., acquired in July 1999. All figures are estimates taken from IAS based projected financial statements. The preliminary results will be published on 23 February 2000.

                          1999 (ATS    1999 (EUR    1998 (EUR        % change
                                      mn)            mn)              mn)
         Sales (inc.                      13,626          10,392          31.1
         Revenue         3,331            242.1            194.6          24.5
         EBIT                 355              25.8              20.2          27.2
         Order                806              58.6              37.9          54.8
         as of 31

    Contact: Palfinger AG Klaus Reisinger (+43 664) 455 18 56 Franziska Dubinin (+43 664) 46 84 ext. 2274

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