euro adhoc: quarterly or semiannual financial statement / PALFINGER again achieved record results

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3-month report

06.05.2008

PALFINGER again achieved record results in the first quarter 2008

|in million EUR |Q1 2008 |% |Q1 2007 |Q1 2006 |
|Revenue |208.9 |+ 28.7% |162.4 |140.1 |
|EBITDA |34.3 |+ 26.2% |27.2 |20.7 |
|EBIT |29.6 |+ 23.7% |24.0 |17.5 |
|EBIT margin |14.2% |- |14.8% |12.5% |

The PALFINGER Group continued to pursue its growth strategy in
the first quarter 2008 and once again reported a record quarter both
in terms of revenues and earnings. Sales revenue rose by 28.7
percent, from EUR 162.4 million in the first quarter 2007 to EUR
208.9 million. EBIT rose to EUR 29.6 million and exceeded the
previous year's figure by 23.7 percent. The EBIT margin amounted
to 14.2 percent as compared to 14.8 percent in the first
quarter of the previous year. Around EUR 16 million of the
increase were generated by the acquisition of MBB, which took
place at the end of 2007.

In the period under review the operating cash flow increased
to EUR 10.9 million from EUR 7.9 million in the same period of
the previous year. The gearing ratio went up due to the
investment programme, but at 28.7 percent (31 December 2007: 26.7
percent) it is still at a very low level.

In the first quarter 2008 PALFINGER formed a new segment called
VENTURES, which comprises all strategic initiatives of the Group -
both regional and product- oriented - from their development phase
up to operational maturity. The aim of separating this area from
the operating business is to guarantee a targeted focus on
building up new fields of business and continuing market development.

The Annual General Meeting held on 26 March 2008 resolved to cancel
1,405,000 shares owned by the Company in order to adjust the
Company's capital structure. The cancellation of the shares is
scheduled for the end of May 2008.

From today's point of view, the trend of the market is positive in
spite of weaknesses in individual markets even though no overheating
as in the previous year is recognisable. The macro-economic
development in 2008 will remain a substantial factor.

At present management expects an increase in revenues of around 15
percent for the total year 2008. Approximately half of this
growth is to be generated organically and the other half as a
result of the acquisition of the MBB Group.

end of announcement euro adhoc
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ots Originaltext: Palfinger Holding AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Hannes Roither, PALFINGER AG

Company Spokesperson

Phone +43 662 46 84-2260

h.roither@palfinger.com

Anton Graf, PALFINGER AG

Investor Relations

Tel. +43 662 46 84-2275

a.graf@palfinger.com

www.palfinger.com

Branche: Machine Manufacturing
ISIN: AT0000758305
WKN: 919964
Index: ATX Prime, ATX
Börsen: Wiener Börse AG / official market


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