Palfinger Holding AG

ots Ad hoc-Service: PALFINGER AG Palfinger AG announces projected results for 2000 at international investors' conference

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    Kitzbühel (ots Ad hoc-Service) -  

    Palfinger AG announces projected results for 2000 at international investors' conference

    *  Third record year in succession - outstanding earnings growth     again     *  Revenue up by 28 percent, EBIT by 67 percent     *  Continued growth expected for 2001

    The management of Palfinger announced projected results for the financial  year 2000 at the investors' conference organized  by CA-IB in Kitzbühel.

    In 2000 the Palfinger Group sold 17,097 cranes and systems -  a year-on-year  increase of 25 percent (1999: 13,626  cranes  and systems).  Revenue  rose by 28 percent to EUR  313  mn.  Strong demand for truck cranes and hook loaders was a major factor  in this  growth. Projected earnings before interest and tax (EBIT) for  2000 were up by some 67 percent to EUR 45 mn, from EUR  27 mn  in the previous year. The management expects further growth of volume, revenue and earnings in 2001.

    The  results  are  projected, based  on  provisional  financial statements  prepared in accordance with IAS. The final  results will be announced on 30 March 2001.

                                        2000e            2000e                1999         +/
                                 ATS million  EUR million    EUR million
    Sales (systems)        17,097          17,097            13,626        +25%
    Revenue                      4,305                313                 243        +28%
    EBITDA                          755                 55                  24      +112%
    EBIT                              620                 45                  27        +67%

Contact:            Hannes Roither, Palfinger AG
                         Head of Public & Investor Relations
                         Tel: +43 (0)662 4684 2260
                         h.roither@palfinger.com
                         www.palfinger.com

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