EANS-Adhoc: Palfinger AG / Forecast for Q1 and full year 2021 after the cyber attack EAE

Tuesday, 02. February 2021 19:23
  Disclosed inside information pursuant to article 17 Market Abuse Regulation
  (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
  The issuer is responsible for the content of this announcement.

Earnings Forecast

Bergheim - Following last week's cyber attack, PALFINGER AG has largely regained
control of its IT systems and is currently working at full speed to restore its
full operational capability. Following interruptions to operations, a gradual
ramp-up of production and assembly plants is planned for the end of this week in
order to achieve normalization of the production process.

Based on this development and the current forecast, the Executive Board of
PALFINGER AG expects revenue in Q1 2021 above the level of Q1 2020 (EUR 393.2
million), while following the one-off effects of the cyber attack, the EBIT
margin is expected to be below the level of Q1 2020 (8 percent). The target for
the full fiscal year 2021 is revenue in excess of EUR 1.7 billion and an EBIT
margin of 8 percent.

Further inquiry note:
Hannes Roither | Company Spokesperson | PALFINGER AG
T +43 662 2281-81100 | h.roither@palfinger.com

end of announcement                         euro adhoc

issuer:       Palfinger AG
              Lamprechtshausener Bundesstraße 8
              A-5020 Salzburg
phone:        0662/2281-81101
FAX:          0662/2281-81070
mail:         ir@palfinger.com
WWW:          www.palfinger.ag
ISIN:         AT0000758305
stockmarkets: Wien
language:     English

EAX0007    2021-02-02/19:23

Related Links: PALFINGER AG
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