Palfinger: Rise in Sales and Profits Expected

Industrials › Industrial Goods ♦ Published: February 2, 2012; 18:33 ♦ (Vindobona)

Tomorrow, the Austrian crane manufacturer Palfinger presents figures for the financial year 2011. Sales are estimated to grow by 30%, net results should reach € 40m.

Palfinger: Rise in Sales and Profits Expected / Picture: © Palfinger

According to analysts, Palfinger will exceed its results of 2010. Sales are expected to increase by 30% on average. Profits are forecasted to go up from € 24m to € 40m (+68%). RCB, Erste Group and Berenberg Bank predict sales to grow by 27% to € 830m. EBIT is seen to go up by 80% and reach € 67m. Operating results should total € 37.1m.

As a result, Palfinger may reach…

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