We are well under way!
2016 is the sixth record year in a row: Revenue rose by 10.3 per cent to more than EUR 1.3 billion, and EBITDAn (EBITDA normalized by restructuring costs), an indicator of operating profitability, showed an extraordinarily high increase in relation to revenue: 11.7 per cent. And EBIT reached a historic record level, even after restructuring costs.
All of this shows that PALFINGER is well under way, as this growth and higher earnings were achieved in almost all the markets.
In the traditional business with land-based lifting equipment such as truck mounted loader cranes, hooklifts, timber and recycling cranes, and railway systems, to name just a few, gains were recorded in Europe, North America and CIS as well as the Asia and Pacific region. The cooperation with SANY is going very well. South America, where the market shrank by 40 per cent, was the only region where PALFINGER recorded a moderate revenue loss, but even so, still managed to gain market shares. Thanks to the acquisition of Harding, the marine business doubled its revenue and PALFINGER MARINE became the global market leader in maritime lifesaving equipment.
Outlook
PALFINGER is committed to continuing its growth. In the course of the Group’s further internationalization, the product portfolio will be completed in all market regions
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. Additional acquisitions, especially in the marine business, cannot be ruled out. In the future, our focus will be on the opportunities and possibilities that the digitalization of all areas of the business sector will bring – for our customers, our partners in the value creation chain, and our Group. With our global market access, our regional production and our local service presence, we are in an excellent position to develop innovations which strengthen or even bolster our competitive position.
For 2017 we expect a further increase in revenue, as incoming orders are satisfactory at present, and we are fully committed to raising profitability even more.
The Integrated Annual Report is available at www.palfinger.ag.
