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PALFINGER at a Glance

 

The PALFINGER Group, headquartered in Bergheim near Salzburg, Austria, comprises 90 companies in 35 countries and has a total workforce of 10,212. PALFINGER is regarded as the leader in technology and innovation in its sector.

 

 

 

PALFINGER is the global market leader for loader cranes, timber and recycling cranes, hooklifts and skiploaders, and railway systems. The acquisition of the globally operating Harding Group in 2016 also made PALFINGER the world’s market leader in maritime lifesaving equipment. Moreover, the Company is a leading specialist in tail lifts, marine cranes and wind cranes, as well as truck mounted forklifts. PALFINGER is committed to providing the best service in the industry.

 

Production takes place at 38 manufacturing and assembly sites in Europe, CIS, North and South America, and Asia. A global sales and service network with more than 200 independent general importers and approx. 5,000 outlets in more than 130 countries on all continents guarantees optimum proximity to customers.

 

In 2017, PALFINGER updated its vision and strategy in view of existing and future requirements in the digital age. For example, a development site was opened at a start-up centre in Vienna to promote new approaches and open innovation. PALFINGER’s declared goal is to remain the world market leader and a trendsetter in digitalization.

 

 

 


 

Significant Events in 2017

 

 

 

January 2017

 

Interest in Sky Steel Systems

 

PALFINGER acquired 20 per cent of the shares in Sky Steel Systems. The company is headquartered in Dubai and produces facade access equipment. PALFINGER identified numerous synergies with its Railway Systems business unit, which also encompasses servicing and repairs to infrastructure and buildings.

January 2017

 

acquisition of Palfinger Danmark

 

The previous owner of PALFINGER’s Danish dealer decided to focus on its core business. PALFINGER acquired the shares in the company, taking over all of the staff and continuing the business.

March 2017

 

Sale of a business division in North america

 

Within the scope of its restructuring measures, PALFINGER sold its service body distribution and mounting business in North America.

March 2017

 

Austria’s Largest Hackathon

 

PALFINGER hosted a hackathon in Vienna, the largest one held in Austria to date. Open innovation means developing innovative concepts in cooperation with external talents.

March 2017

 

issue of promissory note loan

 

PALFINGER issued a promissory note loan in the amount of EUR 200 million in three tranches, with maturities of five, seven and ten years.

May 2017

 

opening of PALFINGER World

 

PALFINGER opened an interactive exhibition in Lengau, putting the spotlight on its brand promise with state-of-the-art technology. The exhibition also features the new delivery centre for complete vehicles.

September 2017

 

opening of digital development site

 

Central and Eastern Europe’s largest business incubator was opened in Vienna. PALFINGER is represented as a partner company at its new development site for IoT solutions, which is designed primarily to profit from cooperation with start-ups.

October 2017

 

Felix Strohbichler succeEDS Christoph Kaml

 

In June, Christoph Kaml, CFO of PALFINGER AG since 2009, announced his intentions to pursue new career challenges starting in September. In October, he was succeeded by Felix Strohbichler, who had held several management positions at PALFINGER from 2000 to 2015.

November 2017

 

resignation of Herbert Ortner

 

Herbert Ortner, who joined PALFINGER in 2001 and had been the Company’s CEO for the past ten years, announced his resignation from the Management Board for personal reasons as of the end of 2017. Starting in January 2018, the other two Board members will carry out his responsibilities until a successor is found.

November 2017

 

Vision and Strategy for the digital age

 

The strategic corporate planning up to 2022 was confirmed by the Management Board. Together with a new vision for the digital age and group-wide development programmes, it points the way for the years to come.

December 2017

 

Lowering of profit forecast

 

Current figures and forecasts suggest that the consolidated net result for 2017 will be lower than in 2016. This is due to capacity bottlenecks and several one-time effects in the fourth quarter of 2017 with an impact on EBIT and the net financial result.


 

Product Groups

 

 

LAND

LOADER CRANES

LAND

TIMBER & RECYCLING CRANES

LAND

TELESCOPIC CRANES

LAND

MOBILE CRANES

LAND

STIFF BOOM CRANES

LAND

ACCESS PLATFORMS

LAND

TAIL LIFTS

LAND

HOOKLIFTS & SKIPLOADERS

LAND

TRUCK MOUNTED FORKLIFTS

LAND

PASSENGER LIFTS

LAND

BRIDGE INSPECTION UNITS

LAND

RAILWAY SYSTEMS

SEA

CRANES

SEA

LIFESAVING EQUIPMENT

SEA

WINCHES & HANDLING EQUIPMENT

SEA

ROPE ACCESS