PUBLICATION OF
RESULTS
Q1-Q3/2023
Bergheim, October 30, 2023
PALFINGER at a glance
NUMBER 1 IN THE WORLD
1 | Global market leader for cranes and |
lifting solutions with a revenue of |
EUR 2.23 billion in 2022
Present in all regions with 30 production sites and around 5,000 service centers
Around 12,700 employees (not including contract
workers) at the end of Q3/2023
Revenue distribution by region Q1-Q3/2023:
60% EMEA
25% NAM
5% LATAM
5% CIS*
5% APAC
* The value of all assets in Russia amounts to approx. EUR 130 million
The right solution for every challenge
RESILIENCE THROUGH INDUSTRY DIVERSITY
> 40% Construction | ~ 15% Forestry & Agriculture | > 10% Waste Mgmt & Recycling | > 5% Transport & Logistics |
~ 5% Public Sector | ~ 5% Rental | ~ 5% Offshore | Oil and Gas | < 5% Railway |
< 5% Offshore Wind | < 5% Aquaculture & Fishing | < 5% Passengers | Cruise |
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Sustainability
SUSTAINABILITY AS A KEY DRIVER OF STRATEGIC AND OPERATIONAL ACTION
FOR THE LIVING PLANET WE
ALL DEPEND ON
Fewer emissions
Positive impact on
the value chain
Greenhouse gas | Power from renewable | |
emissions as CO2 | ||
equivalents | energy sources | |
(Scope 1 and Scope 2) | ||
31,685 t in CO2 | 61 percent* | |
equivalents* | ||
FOR ALL THE PEOPLE | FOR THE FUTURE-FORWARD |
WE TOUCH | WAY OF DOING BUSINESS |
Safe & healthy | Committed to |
on all levels | our values |
Focus on | |||||
Qualified & diverse workforce | Governance & Transparency | ||||
Accident rate | International employees at | Number of proven cases of | |||
headquarters | corruption | ||||
TRIR 11.6 | 25 percent | 0 cases |
*) As at end of September 2023. Not all data is available at the time of reporting. | |
The figures presented therefore contain estimated values (~ 8% of total energy consumption are estimated). | 4 |
2021 at a Glance
Q1-Q3/2023 at a glance
Q1-Q3/2023 EXCEPTIONAL PERFORMANCE IN A DIFFICULT ENVIRONMENT
REVENUE, EBIT AND CONSOLIDATED NET RESULT AT RECORD LEVELS.
INFLATION AND HIGH INTEREST | HIGH INVENTORY LEVELS DUE |
RATES IMPACT ORDER | TO POOR TRUCK DELIVERY |
INTAKE IN EMEA. | RELIABILITY IN EMEA AND NAM. |
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SEGMENT
SALES & SERVICE
Vision and Strategy 2030
Segment Sales & Service
HIGH PROFITABILITY IN EMEA AND NAM
NAM: Revenue growth above 30 % and continued positive development in
LATAM: Solid performance despite difficult market environment.
APAC: High order intake for loader cranes, particularly in the
future market of India. Revenue and profitability significantly above the previous year's level. No improvement in China.
MARINE: Good order intake in the Marine Handling Solutions and Boats & Davits
sectors. Increase in revenue and profitability.
EMEA: Order intake at low level due to macroeconomic developments. Significant increase in revenues across all product lines and improved profitability due to the fully effective price increases compared to the previous
Inventory levels: Poor delivery reliability for trucks leads to bottlenecks in the
installation network and as a result to high stocks of finished goods.
Segment Sales & Service
SIGNIFICANT GROWTH IN REVENUE AND EBIT DUE TO FULL EFFECTIVENESS OF THE IMPLEMENTED PRICE INCREASES
in EUR million | Q1-Q3/2021 | Q1-Q3/20221) |
External revenue | 1,241.5 | 1,379.9 |
EBITDA | 151.2 | 122.2 |
EBIT | 124.8 | 105.2 |
EBIT margin | 10.1 % | 7.4 % |
Q1-Q3/2023
1,629.5
165.8
148.3
9.1 %
Δ%
+18.1 %
+35.7 %
+41.0 %
-
1) Previous year figures for Q1-Q3/2022 were retroactively adjusted to the new segmentation structure.
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SEGMENT
OPERATIONS
Vision and Strategy 2030
Segment Operations
SUPPLY CHAIN IMPROVEMENT AND START OF DECLINE IN MATERIAL PRICES
Significantly improved delivery reliability for purchased components due to the macroeconomic environment.
Stable production output in EMEA. Production in NAM region slowed down due to chassis availability.
Decrease in freight costs and falling material costs start to have an impact in Q3.
Groundbreaking ceremony in Niš in September for new production plant - attractive wage cost levels and very good employee availability.
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Disclaimer
Palfinger AG published this content on 27 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 October 2023 07:48:42 UTC.