We are on course! Our business results for the first half of 2019 already prove that the path we embarked on in 2018 was the right one. And our figures are not the only impressive result. The realignment of processes and structures, which was implemented in the new GLOBAL PALFINGER ORGANIZATION (GPO) at the beginning of 2019, is marked by success, too.
BUSINESS IS STILL STRONG ….
Full order books and full capacity utilization at our plants: this pretty much sums up the performance of our LAND segments in the first half year of 2019. In the marine business, the long-awaited market recovery was perceivable in recent months. We received satisfactory orders, which, however, will not be reflected in the figures before 2020.
… AND STRUCTURES ARE SOLID
Literally “just in time” we also managed to largely complete the restructuring of the entire marine business. We are now ready for new opportunities
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Our new organizational structure, GLOBAL PALFINGER ORGANIZATION, has been in force since the beginning of 2019. It makes us faster and more efficient, and it enhances our customer focus. This is strengthening our service and our understanding of our customers’ needs.
AGAIN, DOUBLE-DIGIT INCREASES IN THE FIRST HALF OF 2019
Revenue generated by the global PALFINGER Group continued to increase in the first half of 2019: A jump of 11.4 per cent gave us another record half-year revenue: EUR 893.4 million. The increase in earnings was equally impressive: EBITDA rose 17.0 per cent, EBIT climbed 17.2 per cent.
WHERE ARE WE HEADING?
PALFINGER’s future is to a great extent also being shaped at our innovation hub PALFINGER 21st, where interesting new and promising approaches are being developed on a regular basis. The STRUCINSPECT joint venture is already highly active in the market. In April, the first PALFINGER 21st Innovation Think Tank was held. It focused on innovation topics, trends and market developments that promise huge potential for PALFINGER’s future beyond its successful core business.
Our near future: From today’s point of view, the 2019 fiscal year will be another record year for PALFINGER.
Click here for the report on the first half of 2019.