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Palfinger AG (PALF.VI)

PALF.VI on Vienna Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Palfinger appoints Felix Strohbichler as new CFO
Monday, 21 Aug 2017 08:01am EDT 

Aug 21 (Reuters) - PALFINGER AG :FELIX STROHBICHLER APPOINTED NEW CFO AS OF OCT 1.STROHBICHLER TO REPLACE DEPARTING CFO CHRISTOPH KAML.  Full Article

Palfinger H1 EBIT at 66.8 million euros, up 2.9 pct‍​
Thursday, 27 Jul 2017 02:17am EDT 

July 27 (Reuters) - PALFINGER AG :‍H1 REVENUE ROSE BY 13.2 PER CENT FROM EUR 665.6 MILLION IN FIRST HALF OF 2016 TO EUR 753.8 MILLION​.FULL ORDER BOOKS AND THE COMPLETION OF RESTRUCTURING GIVE REASON TO EXPECT AN INCREASE IN REVENUE AND EARNINGS FOR 2017‍​.CONSOLIDATED NET RESULT IN H1 2017 WAS EUR 38.6 MILLION, 2.8 PER CENT LOWER THAN PREVIOUS YEAR'S FIGURE OF EUR 39.7 MILLION.H1 EBIT 66.8 MILLION EUROS, UP 2.9 PCT‍​.  Full Article

Palfinger: CFO Christoph Kaml retires from office at his own request​
Monday, 12 Jun 2017 09:24am EDT 

June 12 (Reuters) - PALFINGER AG ::‍CHIEF FINANCIAL OFFICER CHRISTOPH KAML RETIRES FROM OFFICE AT HIS OWN REQUEST​.  Full Article

Palfinger Q1 sales up 13.5 percent at 361.9 mln euros
Friday, 28 Apr 2017 01:48am EDT 

April 28 (Reuters) - Palfinger AG ::Q1 sales increased by 13.5 percent to 361.9 million euros ($393.10 million).Q1 consolidated net income rose by 4.1 percent to 19.4 million euros and earnings per share reached 0.52 euros.Q1 adjusted EBITDA up 18.7 percent to 50.9 million euros.Q1 adjusted EBIT increased from 32.0 million euros to 36.6 million euros.Restructuring costs amounted to 5.0 million euros in the first quarter of 2017.Continues to expect sales growth in the full year 2017 and is aiming for a double-digit adjusted EBIT margin.  Full Article

Palfinger divests service body business in North America
Friday, 10 Feb 2017 10:50am EST 

Palfinger Ag : Divests service body business in North America . Signing of purchase agreement between market leader reading truck group and palfleet truck equipment . Transaction is expected to be closed in March 2017 .Transaction with reading truck group will support restructuring process.  Full Article

Palfinger FY revenue up 10.3 pct to 1.36 billion euros
Tuesday, 7 Feb 2017 04:01am EST 

Palfinger AG : Again achieved record revenue and earnings in 2016 . Dividend stable at 0.57 euro per share . FY revenue grew by 10.3 percent to 1,357.0 million euros ($1.45 billion) . FY EBIT at record level of 106.0 million euros despite restructuring . FY EBITDAn increased by 11.7 percent to 172.5 million euros and EBITn by 9.1 percent to 123.7 million euros . High level of incoming orders in Q4 of 2016 and in early 2017 . FY consolidated net result for 2016 financial year was 61.2 million euros, 5.0 percent lower than previous year's figure of 64.4 million euros .For 2017 management considers further revenue growth to be realistic in light of satisfactory level of incoming orders in Q4 of 2016 and in early 2017.  Full Article

Palfinger closes acquisition of 20% stake in Sky Steel Systems LLC
Wednesday, 4 Jan 2017 09:45am EST 

Palfinger AG : Says closed yesterday acquisition of a 20% stake in Sky Steel Systems LLC, Dubai .Also secured an option to purchase an additional 29% shareholding in the company.  Full Article

Palfinger 9-mth revenue up 10.9 pct to EUR 996.6 mln
Thursday, 27 Oct 2016 01:00am EDT 

Palfinger AG : 9-month revenue rose by 10.9 percent to 996.6 million euros ($1.09 billion), as compared to 898.9 million euros in first three quarters of 2015 . 9-month EBITDA normalized by restructuring costs (EBITDAN) went up by 14.7 percent to 131.1 million euros, resulting in a margin of 13.2 percent . Net result for first three quarters of 2016 was 49.7 million euros, 3.4 percent higher than previous year's figure of 48.1 million euros . Level of incoming orders gives reason to expect that in Q4 of 2016 Palfinger Group will continue to record generally positive, albeit divergent, business development at regional level . For 2016 financial year, management still expects revenue growth of approx. 10 percent, and an increase in earnings when normalized by integration and reorganization expenses . Still sees potential to increase annual revenue generated by group, including joint venture companies in China and Russia, by 2017 Further company coverage: [PALF.VI] ($1 = 0.9175 euros) (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

Palfinger Marine decides not to complete acquisition of TTS Group
Monday, 15 Aug 2016 02:24am EDT 

TTS Group ASA : Palfinger Marine Gmbh has decided not to complete the acquisition of TTS Group ASA . Says will now fully concentrate energy on execute executing stand-alone strategy .Short term focus will be on operational efficiency, says Toril Eidesvik, CEO.  Full Article

Palfinger Marine will not complete voluntary offer for shares in TTS Group
Monday, 15 Aug 2016 01:38am EDT 

TTS Group ASA : Said on Sunday, Palfinger Marine GmbH had not received acceptances for more than 90 percent of shares in TTS on a fully diluted basis .As a result, Palfinger will not complete voluntary offer for outstanding shares in TTS Group.  Full Article