Palfinger AG
VSE:PAL
Palfinger AG
Palfinger AG engages in the manufacture of hydraulic lifting systems in the line of commercial vehicles and in the maritime field. The company is headquartered in Bergheim, Salzburg and currently employs 11,733 full-time employees. Its core product is the truck-mounted knuckle boom crane, which is available in approximately 150 models. The Company’s product portfolio includes telescopic cranes, timber and recycling cranes, container handling systems, transportable forklifts, tail lifts, high-tech railway applications and access platforms, as well as related services. The firm comprises approximately 50 companies, such as Herkules Harding Holding AS, and operates approximately 30 manufacturing and assembly sites, and operates a global sales and service network with approximately 5000 outlets as well as more than 200 independent importers in more than 130 countries on all continents.
Palfinger AG engages in the manufacture of hydraulic lifting systems in the line of commercial vehicles and in the maritime field. The company is headquartered in Bergheim, Salzburg and currently employs 11,733 full-time employees. Its core product is the truck-mounted knuckle boom crane, which is available in approximately 150 models. The Company’s product portfolio includes telescopic cranes, timber and recycling cranes, container handling systems, transportable forklifts, tail lifts, high-tech railway applications and access platforms, as well as related services. The firm comprises approximately 50 companies, such as Herkules Harding Holding AS, and operates approximately 30 manufacturing and assembly sites, and operates a global sales and service network with approximately 5000 outlets as well as more than 200 independent importers in more than 130 countries on all continents.
Q1 Decline: PALFINGER saw a decline in revenue and EBIT in Q1, but both came in slightly better than expected, with revenue down 4.5% and EBIT down 26.7%.
Order Intake: High order intake continued from Q4, especially in EMEA, providing a solid foundation for the rest of 2025.
Positive Outlook: Management expects a rebound in revenue and EBIT from Q2 onwards and targets 2025 to be the company's second-best year ever.
Regional Dynamics: EMEA is driving growth due to construction and infrastructure, while US growth is limited by tariff uncertainty. North America’s share is expected to rise long-term.
Service Expansion: Service business share has increased, and PALFINGER aims to double service revenue in coming years.
Net Debt Down: Net financial debt decreased substantially, and free cash flow was positive at EUR 20.7 million in Q1.
Guidance: Management targets revenue and EBIT growth for full-year 2025, with significant increases expected in the second half.
