EQS-Adhoc: PALFINGER AG: Write-down of the Russian business and preparation for deconsolidation
EQS-Ad-hoc: Palfinger AG / Key word(s): Profit Warning
PALFINGER AG: Write-down of the Russian business and preparation for
deconsolidation
30-Sep-2026 / 11:32 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by [1]EQS News – a service of
[2]EQS Group.
The issuer is solely responsible for the content of this announcement.
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Bergheim, Austria on September 30, 2026
PALFINGER AG: Write-down of the Russian business and preparation for
deconsolidation
At today’s meeting of the Supervisory Board, the Executive Board and the
Supervisory Board of PALFINGER AG resolved to specifically commence the
implementation of a legal structure to strengthen the ring-fencing of the
Russian entities — i.e. the existing organizational independence — which
will result in the Russian entities being deconsolidated.
As a result, an impairment loss concerning the assets in Russia amounting
to approximately EUR 135 million will have to be recognized in Q3 2026.
The Executive Board expects an EBIT of around EUR 120 million for the
reporting period Q1–Q3 2026 (Q1–Q3 2025: EUR 130.7 million). Under the
applicable accounting standards, the impairment effect is not recognized
in EBIT but is reported separately as result from discontinued operations.
Consequently, the write-down will reduce net income.
As a result of the deconsolidation, net income is expected to be further
significantly impacted in the coming quarters in connection with the
currency translation reserve. The amount of this effect depends on
currency developments and would currently be around EUR 45 million.
Further inquiries:
Hannes Roither | VP Investor Relations | PALFINGER AG
T +43 662 2281-81100 | [3]h.roither@palfinger.com
End of Inside Information
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30-Sep-2026 CET/CEST News transmitted by [4]EQS Group
View original content: [5]EQS News
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Language: English
Company: Palfinger AG
Lamprechtshausener Bundesstraße 8
5020 Salzburg
Austria
Phone: +43 (0)662/2281-81101
Fax: +43 (0)662/2281-81070
E-mail: ir@palfinger.com
Internet: www.palfinger.ag
ISIN: AT0000758305
Listed: Vienna Stock Exchange (Official Market)
LEI Code: 529900IFAV83BX8O1O91
EQS News ID: 2407820
End of Announcement EQS News Service
2407820 30-Sep-2026 CET/CEST
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References
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2. https://nwr.eqs-cockpit.com/fncls2.ssx?fn=redirect&url=f5d50dc7e8798b6eb177f7955e598e60&application_id=2407820&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
3. h.roither@palfinger.com
4. https://nwr.eqs-cockpit.com/fncls2.ssx?fn=redirect&url=f5d50dc7e8798b6eb177f7955e598e60&application_id=2407820&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
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