on Palfinger AG (isin : AT0000758305)
Palfinger AG Reports Strong 2024 Financial Performance and Optimistic 2025 Outlook
Palfinger AG announced its second-best financial performance in 2024, with revenue reaching EUR 2.36 billion and an EBIT of EUR 185.6 million. A proposal for a dividend of EUR 0.90 per share marks the second-highest since its IPO in 1999. The company's diversified industry and regional approach bolstered its performance amidst variable market conditions.
The global markets presented a mixed scenario: investment hesitancy in North America due to elections, while Latin America saw strong demand. Although no recovery is seen in China, India's market potential prompted the construction of a substantial assembly plant. Marine sector profitability improved, attributed to orders from offshore wind projects in Asia.
Looking forward, Palfinger anticipates an improving economic environment in 2025. The company targets increased turnover and profitability, aiming for EUR 2.7 billion revenue by 2027 and a 10% EBIT margin.
R. P.
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