EQS-News: Correction: PALFINGER sharpens portfolio and risk profile, strengthening focus, profitability and resilience in the third quarter 2026
EQS-News: Palfinger AG / Key word(s): 9 Month figures
Correction: PALFINGER sharpens portfolio and risk profile, strengthening
focus, profitability and resilience in the third quarter 2026
28.10.2026 / 07:32 CET/CEST
The issuer is solely responsible for the content of this announcement.
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CORRECTION: ORDERS
PALFINGER secured one major order from a strategic account in North
America in October 2026. The USD 39 million order includes truck-mounted
forklifts and a service contract, with delivery scheduled over the next
twelve months.
….
PRESS RELEASE Bergheim, Austria on October 28, 2026
PALFINGER sharpens portfolio and risk profile, strengthening focus,
profitability and resilience in the third quarter 2026
• Revenue of EUR 1,616.7 million and EBIT of EUR 120.7 million in Q1-Q3
of 2026
• Efficiency program savings increased to EUR 50 million by 2028
• Legally binding pre-agreement signed for the sale of Tail & Passenger
Lift business
• 2026 revenue expected to be slightly higher and EBIT slightly lower
than in the previous year
• Long-term profitability targets for 2030 confirmed
in EUR million Q1-Q3/2025^1) Q1-Q3/2026 ∆ %
Revenue 1,533.6 1,616.7 +3.9%
EBITDA 194.0 190.4 -1.9%
EBIT (operating result) 128.2 120.7 -5.8%
EBIT margin 8.2 % 7.5% –
Consolidated net result 72.4 -61.5 -185.0%
Employees^2) 12,051 12,315
^1) Prior-year figures adjusted in accordance with IFRS 5. Values without
CIS and Tail Lifts.
^2) Reporting date figures of consolidated Group companies are indicated
without equity investments and without
contract workers.
The first three quarters of 2026 were characterized by a challenging
market environment and important strategic decisions for PALFINGER AG.
While the economic downturn in Germany, investment hesitation in the USA,
and geopolitical uncertainties impacted business development, management
responded proactively with targeted actions to increase efficiency,
competitiveness and resilience. Targeted actions include increasing the
efficiency program to EUR 50 million by 2028, consistently sharpening the
focus of the portfolio as well as implementing enhanced legal ring-fencing
of the Russian activities to reduce risks.
In the first nine months of 2026, PALFINGER achieved a revenue of EUR
1,616.7 million and an EBIT of EUR 120.7 million. Taking into account the
impairment of Russian assets and valuation effects related to the planned
sale of the Tail & Passenger Lift business, the consolidated net result
was EUR -61.5 million.
“We cannot influence geopolitical and economic conditions, but we can
certainly influence our decisions. That is why in Q3 we have adjusted our
portfolio, expanded our efficiency program, and consistently brought our
organization closer to the markets. We are strengthening the resilience of
PALFINGER as a result,” says Andreas Klauser, CEO of PALFINGER AG.
Differentiated market environment in the regions
In the first nine months of 2026, the market environment developed
differently from region to region.
Market conditions across Europe were mixed. Demand remained solid in
Northern and Southern European markets, while the market environment in
Germany – PALFINGER’s largest sales market in the EMEA region – remained
subdued. Positive effects from the German government’s infrastructure
initiative have not yet been noticeable.
In North America, the commercial vehicle market showed the first signs of
recovery. However, in the USA, the most important market in the NAM
region, demand in key product areas remained at a low level. Continued
customer caution regarding investments kept capacity utilization across
production networks low and weighed on profitability. The loader crane
business reached a record level, also benefiting from investments in data
centers.
Business in Latin America developed solidly despite weaker market
conditions across the entire region. Positive signals came from the mining
sector in particular.
The Marine business continued to develop positively. Marine and Wind
Cranes as well as the Cruise sectors continued to see good market
development. Business involving the public sector and government
authorities also developed positively.
Expanded efficiency program boosts competitiveness
PALFINGER has expanded the efficiency program announced in the first half
of the year. The focus is on simplifying structures, optimizing the
company’s global production and procurement network, increasing
productivity through automation and making more use of artificial
intelligence.
Sustainable savings of EUR 50 million are to be achieved by 2028, with EUR
25 million already taking effect from 2027. The aim is to keep the cost
base stable despite inflation and continued growth, while sustainably
increasing long-term profitability.
Regional responsibility strengthens market proximity
The adapted organizational structure introduced as part of nextGPO (Global
PALFINGER Organization) provides the organizational framework for
implementing these measures. It strengthens regional accountability for
results and enables faster decision-making closer to the markets. This
stronger regional focus is already delivering tangible results: PALFINGER
secured one major order from a strategic account in North America in
October 2026. The USD 39 million order includes truck-mounted forklifts
and a service contract, with delivery scheduled over the next twelve
months.
Consistent sharpening of portfolio and risk profile
In addition to its efficiency measures, PALFINGER is also sharpening its
portfolio and risk profile. Following the signing of a binding
pre-agreement for the potential sale of the Tail Lift & Passenger Lift
business to a strategic investor, the company is consistently focusing
capital and management resources on its core business with innovative
crane and lifting solutions. The transaction is still subject to closing
conditions and approval by the Federal Cartel Office in Germany. The
contract is currently expected to be signed by the end of 2026 or
beginning of 2027.
At the same time, PALFINGER is legally ring-fencing its Russian activities
in order to reduce risks. The resulting re-valuation results in a one-off,
non-cash impairment of around EUR 135 million. While this impacts the
consolidated net result, it has no effect on EBIT or cash flow. PALFINGER
remains the owner of the Russian business units.
Outlook
Despite the ongoing challenges in the markets, PALFINGER expects revenue
for financial year 2026 slightly above and EBIT slightly below the
previous year. Net income will be impacted by the re-valuation of CIS and
Tail Lifts. As the related write-offs regarding CIS as well as Tail &
Passenger Lift do not have any cash impact, the Executive Board will
submit a dividend proposal to the Supervisory Board.
The measures initiated will increasingly contribute to strengthening
efficiency, competitiveness and profitability in the coming years. At the
same time, the sharper portfolio focus and reduced risk exposure are
laying the foundation for a more resilient business model. Reflecting
these measures, PALFINGER is adjusting its 2030 revenue target to EUR 2.8
billion. The long-term profitability targets remain unchanged, with an
EBIT margin of 12 percent and ROCE of 15 percent.
You can find the results presentation for Q1-Q3 2026 [1]here.
↗ ABOUT PALFINGER
PALFINGER sets benchmarks with innovative crane and lifting solutions
worldwide. As a leading technology and mechanical engineering company,
PALFINGER transforms customer needs into seamlessly integrated solutions.
A broad product portfolio and regional footprint drive balanced profitable
growth. With its promise of Lifetime Excellence, PALFINGER delivers
outstanding performance throughout the entire product lifecycle.
Around 12,300 employees, 30 international manufacturing sites, and a
global distribution and service network ensure worldwide proximity to the
market.
PALFINGER AG has been listed on the Vienna stock exchange since 1999 and
achieved a revenue of EUR 2.34 billion in 2025.
For further information, please contact:
Hannes Roither | VP Investor Relations | PALFINGER AG
M +43 664 206 9247 | [2]h.roither@palfinger.com
Texts and accompanying images are available in the “News” section of
[3] www.palfinger.com.
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28.10.2026 CET/CEST This Corporate News was distributed 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: 2423406
End of News EQS News Service
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References
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2. h.roither@palfinger.com
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