Key Developments: Palfinger AG (PALF.VI)

PALF.VI on Vienna Stock Exchange

29 May 2015
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Latest Key Developments (Source: Significant Developments)

Palfinger AG gives FY 2015 revenue outlook in line with analysts' estimates; proposes FY 2014 dividend
Friday, 6 Feb 2015 04:00am EST 

Palfinger AG:Proposed dividend of 0.34 euros per share for FY 2014 (previous year: 0.41 euros per share).Expects another boost in revenue in FY 2015.FY 2014 revenue of 1,063.4 million euros.FY 2015 revenue estimate 1,094 million euros - Thomson Reuters I/B/E/S.  Full Article

Palfinger AG comments on FY 2014 outlook
Friday, 7 Nov 2014 01:40am EST 

Palfinger AG:Expects substantial increase in revenue in current FY 2014, in which case revenue would exceed 1 billion euro threshold.Says FY EBIT is expected to fall short of figure achieved in 2013.FY 2014 revenue estimate 1,024 million euros - Thomson Reuters I/B/E/S.  Full Article

Palfinger AG issues promissory notes in amount of 105 million euros
Sunday, 26 Oct 2014 08:00pm EDT 

Palfinger AG:Says issues promissory notes in amount of 105 million euros.Says volume of 105 million euros.Says maturity of five, seven or ten years.  Full Article

Kamaz OAO and Palfinger AG agree on two joint ventures in Russia
Monday, 18 Aug 2014 08:00pm EDT 

Kamaz OAO:Says that PALFINGER AG and Kamaz have agreed to establish two joint venture companies in Russia.The PALFINGER Group will hold 49 per cent and the KAMAZ Group 51 per cent in the joint venture focusing on mounting, which will specialize in truck bodies.The joint venture company will equip trucks with loading and handling systems.In addition to the existing dealer network of KAMAZ, the establishment of a separate network of dealers and service centres is planned.The company will have its registered office in Naberezhnye Chelny in Tatarstan, not far from the headquarters of the KAMAZ Group.The objective is to deliver more than 3,000 truck bodies per year by 2019.PALFINGER’s stake in the cylinder production joint venture will be 51 per cent.PALFINGER will acquire this interest in the existing cylinder production of KAMAZ in Neftekamsk in the Bashkortostan region and will invest in modernization of the plants.A targeted 80,000 cylinders for cranes, trucks and building machinery are to be built there by the year 2019.Subject to the necessary approvals, the closing of both transactions and hence the foundation of the new joint venture companies is planned for the end of Nov.  Full Article

Palfinger AG comments on FY 2014 revenue outlook
Thursday, 7 Aug 2014 01:40am EDT 

Palfinger AG:Expects double-digit increase in revenue in FY 2014.FY 2014 revenue of 1.088 billion euros Thomson Reuters I/B/E/S.FY 2013 revenue 980.67 million euros.  Full Article

Palfinger AG confirms its FY 2014 guidance in line with analysts estimates and issues FY 2017 revenues guidance
Wednesday, 7 May 2014 01:10am EDT 

Palfinger AG:Expects that in the 2014 financial year, revenue will exceed the one-billion euro threshold confirming its previous guidance, FY 2014 revenue of 1.094 billion euros Thomson Reuters I/B/E/S.Still sees the potential to double consolidated annual revenue to approximately 1.8 billion euros by 2017, FY 2017 revenue of 1.323 billion euros Thomson Reuters I/B/E/S.  Full Article

Palfinger AG proposes dividend for FY 2013 and issues revenues guidance for FY 2014 in line with analysts' estimates
Monday, 17 Feb 2014 04:10am EST 

Palfinger AG:Proposes a dividend of 0.41 euro per share to be distributed for 2013.Expects a double-digit increase in revenue for FY 2014, this would mean revenue beyond the 1-billion-euro threshold, FY 2014 revenues 1.088 billion euros - Thomson Reuters I/B/E/S.  Full Article

Palfinger AG appoints new Chairman
Monday, 9 Dec 2013 06:11am EST 

Palfinger AG:Says that Alexander Doujak, Chairman of the Supervisory Board, announced his resignation as Chairman and member of the Board.Says that Hubert Palfinger, until now Deputy Chairman of the Supervisory Board, was elected as the new Chairman.  Full Article

Palfinger AG And Sany Heavy Industries Co Ltd Announces Further Expansion Of Their Strategic Partnership
Monday, 30 Sep 2013 02:05am EDT 

Palfinger AG announced that an agreement in principle has been reached governing the further expansion of the strategic partnership of Palfinger AG and the Chinese SANY Group. This partnership, which was formed in 2012 and has already been implemented via two joint ventures, is now to be expanded by way of acquiring a 10 per cent economic interest in each other's companies. Half of the stake in PALFINGER AG to be acquired by SANY Heavy Industries (i.e. 1,863,258 shares) is to take the form of new shares issued to SANY from the authorized capital of PALFINGER AG; the other half of the stake is to be effected through the acquisition of existing shares from the Palfinger family. The price payable by SANY will be EUR 29.00 per share. As a result of the Palfinger family's willingness to support SANY's participation by selling a portion of their existing stock ownership, the expansion of outstanding shares of PALFINGER AG will be limited to the 5 per cent of newly issued shares. In return, PALFINGER AG will acquire a 10 per cent interest in SANY's lifting business. SANY Lifting is the unit within the SANY Group that specializes in mobile, tower and crawler cranes and is of a comparable size to PALFINGER AG. The interlinking of the two groups will presumably also be reflected in the supervisory boards of both organizations.  Full Article

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