Palfinger forecast in 2020

By Alex Dahm24 June 2020

Austria-based loader crane, aerial work platform and materials handling equipment Palfinger expects to still post a postive figure for earnings before interest and taxes.

Palfinger PK 10002-SH High Performance

Palfinger PK 10002-SH High Performance

“The management board of Palfinger AG expects a slightly positive EBIT in the second quarter of 2020 with a significant decline in revenue in comparison to the same period of the previous year. A positive operating result is also expected for the second half of 2020 despite the significant revenue decline due to the Covid-19 crisis. Revenue for the entire year 2020 is expected to exceed €1.4 billion.”

The company said the figures for the first half of 2020 would be published, as planned, on 30 July 2020.

 

Latest News
Husqvarna invests €1m in Anglo-German tech firm
Swedish manufacturer takes equity stake in the software company which maximises augmented reality technology to boost efficiency 
Skanska raises the climate bar
Swedish construction giant now targeting 70% carbon emissions reduction by 2030
Verton tech to be distributed in India and the GCC
Dal-Lago, part of DLC Consulting, will distribute Verton’s lifting and orientation technology