NEW RECORDS ACHIEVED IN FIRST QUARTER OF 2019
Hard facts first: Revenue increased again in the first quarter of 2019, rising by 11.8 per cent to EUR 440.9 million, and the increase in earnings was even more pronounced. In the past three months, PALFINGER once again broke its own records.
INCOMING ORDERS REMAIN AT CONSTANT HIGH
With orders on hand already high, incoming orders remained strong in the first quarter. So far, we have not noticed any indications of the economic downturn that was generally predicted. We even landed promising contracts in the marine business, where the situation is difficult. However, these will not be reflected in the results before 2020.
THE FUTURE HAS ALREADY BEGUN
At the international trade fair bauma, which was held at the beginning of April, we demonstrated impressively how the digital future has already been integrated into PALFINGER’s high-tech solutions. In February, we presented STRUCINSPECT, the first marketable PALFINGER 21st solution, which will revolutionize the inspection of structures.
The future is also taking shape within the PALFINGER Group. At the beginning of 2019, our vision and our strategy were given a matching structure: the new GLOBAL PALFINGER ORGANIZATION. It will make us even better and more profitable by reinforcing our strengths, which include our service and our understanding of customers’ needs.
The forecast for the 2019 financial year is positive: We expect this successful first quarter to be followed by increases in revenue and earnings for the year as a whole. Our plan is to increase revenue to approx EUR 1.7 billion and the EBIT margin to over 9 per cent.
Click here for our presentation on the results for the first quarter of 2019.