Palfinger AG 9M 2025: Key Takeaways

In this update, Felix Strohbichler, CFO of Palfinger AG, presents the financial results for the first nine months of 2025 and outlines the key strategic initiatives driving the company’s future growth under its new Reach Higher 2030 plus strategy.

Global Leader in Lifting Solutions

Palfinger AG remains a worldwide leader in innovative lifting solutions for construction, marine, logistics, and infrastructure industries. With 2024 revenue of around €2.4 billion, 12,000 employees, and 30 production sites, Palfinger is synonymous with engineering excellence, innovation, and customer reliability.

The company’s broad industrial diversity and global presence not only ensure resilience even amid macroeconomic volatility but also provide a sense of stability and security to stakeholders.

Key Financial Highlights for 9M 2025

- Revenue: €1.7 billion (-3.5% year on year)

- EBIT: €131 million (-17.6%)

- Equity: €885 million (41% equity ratio)

- Net Debt: €577 million — significantly improved

- Free Cash Flow: €54 million vs -€2 million last year

Palfinger achieved a major balance-sheet strengthening in 2025 through the sale of treasury shares for €100 million and ongoing working-capital discipline. The company remains on track to deliver more than €100 million in free cash flow for the full year 2025.

Regional Performance

- EMEA: Strong order intake continued from Q4 2024; European infrastructure spending yet to fully materialize but momentum is positive.

- North America: Tariff measures (Section 232) weighed on profitability but structural demand remains solid.

- LATAM: Record sales driven by strong growth in Brazil.

- APAC: India and Southeast Asia continued to expand.

- Marine: Sustained profitability and healthy backlog.

- Russia: Sharp economic slowdown reducing sales and earnings contribution.

Strategic Update — Reach Higher 2030 plus

In 2025, Palfinger introduced its long-term strategy Reach Higher 2030 plus, focusing on three core pillars:

Lifting Customer Value

Enhancing customer experience through digital services and data solutions.

Balanced Profitable Growth

Expanding geographically and across business segments while preserving margins.

Execution Excellence

Driving process efficiency through digitization, automation, and supply-chain optimization.

The strategy defines 18 programs to strengthen future profitability and positions the group for a new phase of scalable growth.

Five “Must-Win” Action Fields

- Customer-centric technology leadership

- Expansion of services and spare parts business

- Growth in aerial work platforms as a core pillar

- Supply-chain optimization

- Process, system and data efficiency

- Financial Targets and Outlook

Under Reach Higher 2030 plus, Palfinger aims for by 2030:

- Revenue: > €3 billion (organic)

- EBIT margin: ~ 12%

- ROCE: ~ 15%

- Free Cash Flow: > €150 million annually

Near-term (2027) targets remain unchanged: €2.7 billion revenue, 10% EBIT margin, and > €100 million free cash flow.

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Deep Dive Presentation: https://seat11a.com/investor-relations-deep-dive/

Financial Results Presentation: https://seat11a.com/investor-relations-financial-results/

ESG Presentation: https://seat11a.com/investor-relations-esg/

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