Palfinger reports record half year

Austria-based loader crane manufacturer Palfinger reported record revenue for the first half of 2006. Revenue was 13% higher at €289 million (US$371 million) from the €253 ($327 million) in the first half of 2005.

Wolfgang Anzengruber, Palfinger CEO, said, “Despite bottlenecks in materials supply we have managed to achieve the most successful interim result in the corporate history of Palfinger. We have further improved process effICiency and effectiveness to handle increasing demand in Europe and in North and South America.”

In Europe, positive economic development contributed to the company's performance. Revenue was 14.4% higher at €255.3 million ($327 million).