Ad-hoc | 30 March 2001 08:05
Ad hoc-Service: PALFINGER AG
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PALFINGER
AD HOC-INFORMATION
Third record year in succession for Palfinger
Salzburg based global market leader aiming for growth and e-
logistics
. Profits growth outpaced turnover again
. Crane and hook loader sales up
. Palfinger USA and new hydraulic tailgate range to bring
growth this year
. Reduced costs despite high capacity utilization
. Capital expenditure doubled
. Dividend increased by 75 percent
Bergheim/Salzburg, 30 March 2001
IAS (EUR million) 2000 % change 1999
Revenue 315.0 +29.5 243.2
EBIT 44.7 +65.8 27.0
Profit before tax 41.9 +74.5 24.0
Consolidated net 27.9 +66.3 16.8
profit for the year
EPS in EUR 3.32 +59.1 2.09
Dividend per share 1.00 +75.4 0.57
in EUR
Financial 2000 was the best year in the history of the
Palfinger Group, and marked the third year in succession of
record results, after 1998 and 1999. Volume, revenue and
profits were well above the previous year’s high levels,
setting new standards for performance. All the company’s
operating divisions contributed to earnings. In line with
Palfinger’s watchword of “controlled growth: profits before
revenue”, EBIT was up by 65.8 percent and earnings per share
by 59.1 percent, on revenue growth of 29.5 percent. Subject to
approval by the Annual General Meeting, shareholders will be
paid a dividend of EUR 1.00 per share for the 2000 financial
year – an increase of 75.4 percent.
Strong showing by Palfinger stock
Palfinger was the second-best performer on the Vienna market
in 2000, gaining about 75 percent. In the course of the year
OTC trading of Palfinger stock commenced on the Frankfurt,
Berlin, Düsseldorf and Stuttgart exchanges. As both a growth
and value stock, Palfinger is listed in the Vienna Dynamic
Index (ViDX), and is one of its high flyers.
Outlook
Management anticipates further growth this year – but at a
slower pace than in 2000, owing to the gloomier economic
outlook. Palfinger is standing by its targets of increases in
the EBIT margin and earnings per share.
Contact: Hannes Roither, Palfinger AG
Head of Public & Investor Relations
Tel: +43 (0)662 4684 2260 or +43 (0)664 2069247
h.roither@palfinger.com
www.palfinger.com
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