Crane manufacturer Palfinger achieves record sales and profits

The group's sales in 2023 amounted to 2.45 billion euros, and consolidated profits rose by 50 percent to 107.7 million euros. The company justifies these record values, among other things, with its product mix and good use of plant capacity.

According to its own information, Salzburg-listed crane manufacturer Palfinger achieved record sales, operating results (EBIT) and consolidated profits in 2023. The operating result rose from €150.4 million in 2022 to €210.2 million. At 8.6 percent, the best EBIT margin since 2008 was recorded, the company announced Thursday evening. The group's sales in 2023 amounted to 2.45 billion euros, and consolidated profits rose by 50 percent to 107.7 million euros.

The company justified these record values ​​with its product mix, good utilization of factories, high prices and stability of the supply chain. Shareholders should also benefit from the benchmark results. With 1.05 euros per share, a dividend of more than 1 euro will be proposed to the General Assembly for the first time, the press release stated.

For the first half of 2024, the listed company expects stable sales compared to the previous year and good profitability. The financial targets until 2027 remain unchanged: in 2027, sales of €3.0 billion will be achieved with an EBIT margin of ten percent and a return on capital employed of twelve percent. (Abba)