EANS-Adhoc: PALFINGER AG / Forecast Update Revenue and Earnings for Q1 and Full Year 2021 EAE

Monday, 12. April 2021 18:41
  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 - Based on the current forecast, the Executive Board of PALFINGER AG
expects revenue for Q1 of 2021 to exceed revenue of the same period in 2020 (EUR
393.2 million), as already announced at the beginning of February. Thanks to a
strong product mix as well as lower structural costs, the EBIT margin during the
first three months of 2021 will be significantly higher than the previous year
at around 10 percent (Q1 2020: 8.0 percent).

For the full year 2021, management aims to exceed the results obtained in 2019
(revenue EUR 1.75 billion, EBIT EUR 149 million), which was a record year.

As planned, the final figures for Q1 2021 will be published on April 30, 2021.

Further inquiry note:
Hannes Roither | Group spokesman | 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

EAX0001    2021-04-12/18:41

Related Links: PALFINGER AG
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