Palfinger AG Q1 2024: Key Takeaways

Financial Results Presentation by PALFINGER AG

This financial results presentation by PALFINGER AG provides an in-depth look at the company’s impressive performance in the first quarter of 2024. CFO Felix Strohbichler presents the financial results, highlighting a record revenue of EUR 578.5 million, an EBIT of EUR 54.7 million, and a consolidated net result of EUR 32.5 million.

Resilience in Challenging Conditions

The presentation emphasizes PALFINGER’s resilience in challenging economic conditions and geopolitical uncertainties. Key growth regions include North America and Asia, particularly in the Marine Sector, with strong performance in service cranes and offshore wind farm projects. In Europe, growth has been slow due to geopolitical issues, though Spain and Portugal show positive trends.

ESG-Linked Promissory Note Loan

PALFINGER’s successful placement of an ESG-linked promissory note loan not only underscores its commitment to sustainability but also its profitability, positioning the company for future growth.

2024 Outlook

The outlook for 2024 predicts profitable growth in the NAM, APAC, and Marine sectors, despite a slight decline in revenue and EBIT compared to 2023, while maintaining long-term targets.

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

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

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