Posting record revenue and earnings once again in the first three quarters of 2017, PALFINGER has impressively proved that the growth path it embarked upon is the right one: Revenue rose by 9.7 per cent to EUR 1,093.1 million, and the increase in operating profitability was even higher: 12.6 per cent
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. EBITDAn normalized by restructuring costs came to EUR 147.6 million, corresponding to an EBITDAn margin of 13.5 per cent.
Business has been excellent, particularly in the regions EMEA, CIS and China. The restructuring in North America is almost completed; in South America, however, performance has remained at a low level. In the marine business we are seeing first signs that customers are willing to invest, although still hesitantly and cautiously.
PALFINGER has been posting record results consistently for eight years now, and there is no indication that this trend will change anytime soon. The order situation has been excellent, and the strong demand is likely to remain unbroken in the months to come.
For 2017 as a whole, PALFINGER once again expects record levels of revenue and earnings.
Interim Report Q1-Q3 2017
Read here the Interim Report Q1-Q3 2017 from PALFINGER.