VIENNA Aug 9 Austrian cranemaker Palfinger AG
kept its outlook for revenue growth in 2012 as brisk
business in the Americas and CIS countries offsets weakness in
It is also set to get a boost as two joint ventures in China
with Sany Heavy Industry are expected to start
operations before the end of the third quarter, it added.
"Despite the uncertain development of the economy and of
demand, particularly in Europe, the management expects a
moderate increase in revenue, coming from the areas outside
Europe, for the 2012 financial year," it said on Thursday.
"In addition, it is estimated that the areas outside Europe
will make even more substantial contributions to earnings."
It generated second-quarter earnings before interest and tax
of 19.5 million euros ($24.1 million), in line with market
estimates, on sales of 241 million.
First-half sales rose 12.3 percent to 465.1 million.
($1 = 0.8093 euros)
(Reporting by Michael Shields; Editing by Mark Potter)