euro adhoc: quarterly or semiannual financial statement / PALFINGER continued growth in the first half 2008

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6-month report

06.08.2008

PALFINGER continued growth in the first half 2008

o Revenues and earnings once again reached record level o Market
development indicated slowdown in growth o Group still expects
double-digit increase in revenue throughout 2008

|in million EUR |HY1 2008 |% |HY1 2007 |HY1 2006 |
|Revenue |423.5 |+ 24.3% |340.6 |289.0 |
|EBITDA |69.2 |+ 19.4% |58.0 |45.8 |
|EBIT |59.6 |+ 16.9% |51.0 |39.0 |
|EBIT margin |14.1% |- |15.0% |13.5% |

In spite of an increasingly uncertain economic environment, the
PALFINGER Group once again reported record figures, both in terms of
revenues and earnings, in the first half 2008. Revenues increased by
24.3 percent, from EUR 340.6 million in the first half 2007 to EUR
423.5 million. EBIT rose to EUR 59.6 million, exceeding the previous
year's figure of EUR 51.0 million by 16.9 percent. The EBIT margin
amounted to 14.1 percent as compared to 15.0 percent in the first
half of the previous year.

The performance of the individual markets in which PALFINGER is
active varied greatly during the period under review. The crane
business in Europe and the good capacity utilisation in the
production areas remained the supporting pillars of the increases in
revenues and earnings. In addition, the MBB Group, which was taken
over at the end of 2007, contributed around EUR 33 million to the
growth in revenues. However, the tail lift business is characterised
by lower margins than the crane business. The costs incurred for the
relocation of all tail lift activities to the headquarters of MBB,
which took place in the first half year, were also reflected in the
results.

The macro-economic development will remain an important factor for
the further business development in the second half 2008. From
today's point of view, the future market development is regarded as
ambivalent.

On the basis of the strong first six months and the inorganic growth
achieved in 2008, management expects double-digit revenue growth
throughout 2008, even though the growth rates will fall short of
those recorded in previous periods. The uncertain market situation is
likely to result in a reflection of seasonal differences, with higher
growth figures in the first half, in decreased organic revenues in
the second half 2008.

The turnaround in HYDRAULIC SYSTEMS is also going to support the
development of results throughout 2008. At the same time, however, it
must be taken into consideration that PALFINGER has increased the
importance of tail lifts, which generate lower margins than cranes,
within the Group by acquiring MBB. In addition, the initial
consolidation of the ELEVANT unit of WUMAG GmbH will probably result
in a dilution of the EBIT margin. Against this backdrop and taking
into consideration the weaker market environment, management expects
a decline in the consolidated EBIT margin.

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

Tel.: +43 662 46 84-2260

mailto: h.roither@palfinger.com

www.palfinger.com

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