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Palfinger AG (PALF.VI)

PALF.VI on Vienna Stock Exchange

35.28EUR
24 Mar 2017
Change (% chg)

€0.78 (+2.26%)
Prev Close
€34.50
Open
€34.65
Day's High
€35.28
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€34.49
Volume
41,778
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18,937
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€35.28
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Latest Key Developments (Source: Significant Developments)

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

Palfinger AG says minimum acceptance level for TTS takeover not reached
Friday, 12 Aug 2016 01:35pm EDT 

Palfinger AG : Says minimum threshold for takeover bid norwegian TTS group Asa not reached . Says will not take over TTS on basis of placed takeover bid from July 18th 2016 .Says did not receive required acceptances of more than 90%.  Full Article

Palfinger H1 revenue up at 665.6 mln euros
Wednesday, 27 Jul 2016 01:28am EDT 

Palfinger AG : H1 revenue grew by 9.8 per cent to 665.6 million euros ($731.83 million) . H1 EBIT of Palfinger group showed an extraordinarily strong increase of 21.4 per cent from 53.5 million euros to 64.9 million euros . Consolidated net result for first half of 2016 was 39.7 million euros, 15.2 per cent higher than previous year's figure of 34.5 million euros . Still sees potential to increase annual revenue generated by group, including joint venture companies in China and russia, to approx. 1.8 billion euros by 2017 .For 2016 management expects organic revenue growth, and an increase in earnings when adjusted for integration and reorganization expenses.  Full Article

Palfinger closes acquisition of Norwegian Harding Group
Thursday, 30 Jun 2016 08:00am EDT 

Palfinger AG : Closes Norwegian Harding Group acquisition . Full consolidation into Palfinger as of 2nd quarter of 2016 .As a result of takeover, Palfinger's marine business will almost double its business volume and generate revenue of over 300 million euros ($332.79 million), which is substantially more than 20 pct of group's total revenue.  Full Article

Palfinger expands dealer network in Finland
Friday, 24 Jun 2016 02:01am EDT 

Palfinger AG :PALFINGER platforms is expanding its dealer network in Finland to include four modern, central locations.  Full Article

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