EANS-Adhoc: Palfinger AG / HY1 2009

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quarterly report

05.08.2009

PALFINGER used the first half 2009 to further strengthen the Group

o Markets still weak in the first half 2009, but already stable o
Measures implemented at an early stage are becoming increasingly
effective o Continued market expansion in line with the Group's
long-term strategy

|in million EUR |HY1 2009 |% |HY1 2008 |HY1 2007 |
|Revenue |269.2 |(36.4%) |423.5 |340.6 |
|EBITDA |4.9 |(92.9%) |69.2 |58.0 |
|EBIT |(5.9) |- |59.3 |53.1 |
|EBIT margin |(2.2%) |- |14.0% |15.0% |

Bergheim, Salzburg, 5 August 2009

The performance of the PALFINGER Group during the first half
2009 clearly reflected the weak economy, especially in Europe,
even though order intake stabilised on this low level in recent
months. Order intake in the US and Asia is even slightly on the
rise again.

Compared to the record results achieved in the first half 2008 the
Group posted a massive decline in revenues and earnings in the first
half 2009. At EUR 269.2 million, revenue was 36.4 percent lower
than the previous year's figure of EUR 423.5 million. Despite
this slump in revenue a positive EBITDA of EUR 4.9 million
(Jan-June 2008: EUR 69.2 million) was achieved thanks to
PALFINGER's early cost-savings policies. However, at EUR - 5.9
million EBIT for the first half 2009 was negative.

The first half 2009 was characterised by the implementation of
additional measures to reduce costs and by process optimisation
projects. Utilisation of the production capacities was supported by
means of targeted insourcing and manufacturing for third parties.
Other priority issues included the reduction of the capital
employed and financing structure management.

The performance during the first two quarters 2009 clearly shows
that the measures taken have been effective, which has been
increasingly reflected in the results. While revenue in the second
quarter 2009 amounted to EUR 128.8 million, which is EUR 11.6
million lower than the previous quarter's figure (Q1: EUR 140.4
million), EBITDA went up to EUR 2.9 million (Q1: EUR
2.0 million). EBIT in the second quarter 2009 was at EUR - 2.7
million (Q1: EUR - 3.2 million).

The North American area has recently been strengthened
considerably by acquiring Automated Waste Equipment, Inc., a
leading US producer of container handling systems. With Palfinger
Cranes India Pvt. Ltd., a company for the Indian area, the
Group took another consistent step in further pursuing its
strategic focus on the Asian market.

Management still sees various scenarios for the Group's future
development in 2009. From today's point of view, in spite of
declines in revenue of up to 40 percent, a clearly positive EBITDA
is expected for the entire year 2009. While performance is going to
be slow in the third quarter 2009 due to the small volume of
orders on hand and the low level of output in connection with
the upcoming company holidays, PALFINGER is cautiously optimistic
for the fourth quarter.

The PALFINGER Group started off into this difficult year 2009 from
a strong market position. Moreover, PALFINGER has been taking
advantage of the crisis not only to seize market opportunities as
they open up but also to implement structural improvements, the
results of which will become increasingly visible over the course
of this year. For all of these reasons, the Group's earnings will
benefit over-proportionally from any economic recovery.

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

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