Palfinger AG
Palfinger AG english
www.palfinger.com
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Palfinger Group turns corner in the first quarter of this year
*Group overcomes slump of last two quarters of 2001
*Further increase in volume, revenue and earnings expected
Bergheim/Salzburg, 21 May 2002
Palfinger turned the corner in the first quarter of this year. After slumping in
the third and fourth quarter of 2001, volume, revenue and earnings rose
steadily during the January*March 2002 period – a trend that was maintained in
April.
Despite the continued negative economic environment, revenue climbed to EUR 78.5
million (m) in the first quarter of 2002, following falls in the third and
fourth quarters of 2001 (to EUR 77.0m and EUR 75.1m, respectively). However, in
comparison with the like quarter of 2001 (EUR 86.8m) this still represented a
year-on-year decline of 9.5 percent.
EBIT also improved from the previous two quarters, rebounding to EUR 7.1m in the
first quarter of 2002 from EUR 6.9m in the third quarter of 2001 and EUR 5.5m
in the fourth. Nevertheless, EBIT was EUR 4.7m or 40.1% down on the outstanding
first quarter posted in 2001 (EUR 11.8m).
The picture was similar with consolidated net profit for the period which
retreated to EUR 4.0m from EUR 7.0m in the first quarter of 2001, but was 31.6
percent higher than the EUR 3.0m registered in the fourth quarter.
Management is basing its plans on the assumption that there will no major
improvement in the business climate in the medium term, and the watchword for
this year is therefore “consolidation at a high level”.
Contact:
Hannes Roither
PALFINGER AG, Public & Investor Relations
phone +43 (0)662 4684 2260
h.roither@palfinger.com
http://www.palfinger.com
end of ad-hoc-announcement (c)DGAP 21.05.2002
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WKN: 075830; ISIN: AT0000758305; Index:
Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin, Düsseldorf, Frankfurt
und Stuttgart
210855 Mai 02
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