07.02.2017,
4750 Zeichen
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 solely responsible for the content of this announcement.
Annual Reports/annual report
07.02.2017
- Revenue grew by 10.3 per cent to EUR 1,357.0 million
- EBITDAn increased by 11.7 per cent to EUR 172.5 million and EBITn by 9.1 per
cent to EUR 123.7 million
- EBIT at record level of EUR 106.0 million despite restructuring
- Establishment of marine business as second mainstay after the acquisition of
Harding
- Dividend stable at EUR 0.57 per share
- High level of incoming orders in the fourth quarter of 2016 and in early 2017
_____________________________________________________________________________
|_____________________________________|______2014|______2015|______2016|_____%|
|Revenue (EUR million)________________|___1,063.4|___1,229.9|___1,357.0|_10.3%|
|EBITDAn* (EUR million)_______________|_____104.6|_____154.4|_____172.5|_11.7%|
|EBITDAn margin* in %_________________|______9.8%|_____12.6%|_____12.7%|_____-|
|EBITn* (EUR million)_________________|______66.1|_____113.4|_____123.7|__9.1%|
|EBITn margin* in %___________________|______6.2%|______9.2%|______9.1%|_____-|
|EBIT_________________________________|______66.1|_____104.4|_____106.0|__1.6%|
|Consolidated net result (EUR million)|______38.2|______64.4|______61.2|_-5.0%|
|Dividend_____________________________|______0.34|______0.57|____0.57**|_____-|
|Human resources***___________________|_8,225****|_8,978****|_____9,580|__6.7%|
* Figures for 2015 and 2016 were normalized (n) by restructuring costs. **
Proposal to the Annual General Meeting. *** On an annual average /
Consolidated Group companies excluding equity shareholdings, as well as
excluding temporary workers. **** Changes occurred due to internal control
loops for the purpose of improving data quality.
Bergheim, 7 February 2017
Performance of the PALFINGER Group The PALFINGER Group continued to post
further growth in 2016. In the LAND segment, which includes all traditional
land-based product areas, growth was recorded in Europe, North America and CIS
as well as in the Asia and Pacific region. Following the acquisition of Harding
- the largest in the history of PALFINGER - the marine business was bundled in
the separate SEA segment. The consolidated revenue recorded by the PALFINGER
Group increased by 10.3 per cent to the new record level of EUR 1,357.0
million, as compared to EUR 1,229.9 million in 2015. Despite comprehensive
restructuring measures and integration costs in North America and in the marine
business, EBIT reached the new record figure of EUR 106.0 million. The
management's focus was on operating profitability normalized by restructuring
costs. EBITDAn rose to EUR 172.5 million, corresponding to an extraordinarily
high increase of 11.7 per cent, and the EBITDAn margin, at 12.7 per cent, was
slightly above the previous year's level.
Earnings and dividend The significant improvement in earnings reported by the
LAND segment also facilitated an extraordinarily strong increase at Group
level: Normalized EBITDA (EBITDAn) went up by 11.7 per cent, from EUR 154.4
million in the previous year to EUR 172.5 million, resulting in an EBITDAn
margin of 12.7 per cent after 12.6 per cent in the same period of 2015. EBIT
increased by 1.6 per cent, from EUR 104.4 million to EUR 106.0 million, which
marks a new record figure. The consolidated net result for the 2016 financial
year was EUR 61.2 million, 5.0 per cent lower than the previous year's figure
of EUR 64.4 million. Earnings per share came to EUR 1.63, as compared to EUR
1.73 in 2015. In line with PALFINGER's dividend policy, the Management Board is
going to propose to the Annual General Meeting that a dividend of EUR 0.57 be
distributed for the 2016 financial year.
Outlook The conditions predicted for 2017 harbour a great deal of political and
economic uncertainty. Nevertheless, the management considers further revenue
growth to be realistic in light of the satisfactory level of incoming orders in
the fourth quarter of 2016 and in early 2017.
The full Integrated Annual Report for 2016 is available for download at
www.palfinger.ag/en/newsroom/annual-reports.
Both text and pictures are available in the newsroom of our website at
www.palfinger.ag.
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
sector: Machine Manufacturing
ISIN: AT0000758305
indexes: Prime Market
stockmarkets: official market: Wien
language: English
Digital press kit:
http://www.ots.at/pressemappe/1659/aom
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Bildnachweis
1.
Hannes Roiter (Palfinger)
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