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Record turnover for Palfinger

Palfinger, the manufacturer of cranes, located in Bergheim (Salzburg), who is listed on the stock exchange, obtained its largest turnover in its history. The record turnover is the perfect present for Mr Palfinger’s 80th birthday.

The financial year 2012 turned out to be a record year for Palfinger. The turnover was 940 million Euros, which is almost eleven percent more than in 2011. The management said that this was thanks to the internationalisation of the company.

Herbert Ortner, chairperson of Palfinger plc., explained that business in Europe could be characterised by increasing insecurity and decreasing willingness to invest.

The turnover was largely due to business deals in North- and South America and in the states of the former Soviet Union. Palfinger has recently established a joint venture with the Sany-Group, which is one of the biggest Chinese companies.

Business last year especially flourished in the sector of marine cranes. Profit before tax is almost 69 million Euros. Per share Palfinger pays out a dividend of 38 cents.

The company is also expecting a slight growth of turnovers this year, again largely due to the blooming business with marine cranes outside of Europe.

Austrian Times

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