PALFINGER at a Glance

PALFINGER is a globally operating company specialized in lifting solutions and headquartered in Bergheim, near Salzburg, Austria. All over the world, PALFINGER provides its customers with optimum solutions and the best service structures. Its product lines are Crane, Timber & Recycling, Hooklifts, Platforms, Railway, Truck Mounted Forklifts (TMF), Tail Lift, Marine & Wind Cranes, Davits, Boats, and Offshore Lifting & Handling Solutions (OLHS), among others.

First founded as a family-run business in 1932, the PALFINGER GROUP now comprises 84 companies in 32 countries with 11,126 employees and operates a total of 33 production and assembly plants in Europe, North and South America, the CIS countries, and Asia. PALFINGER is represented in 130 countries with its dealer and service network as well as over 200 independent general importers with some 5,000 service centers.

PALFINGER has always been considered a technology leader and a driver of innovation.

In fiscal year 2019, revenue reached EUR 1,753.8 million, EBITDA came to EUR 223.6 million, and EBIT rose to EUR 149.0 million. Based on these results, 2019 was yet another record year. This success is underpinned by the turnaround achieved in Segment SEA with the newly emerged prospect of access to Asia’s market, particularly for cruise lifesaving equipment.

By implementing the GLOBAL PALFINGER ORGANIZATION (GPO) in 2019, PALFINGER has laid the groundwork for taking innovation and customer focus to the next level. The improved communication and collaboration within the Group is generating synergy and efficiency gains. The new organizational structure will support PALFINGER’s long-term profitability.

significant events

GPO

The GLOBAL PALFINGER ORGANIZATION (GPO) was implemented in January 2019. This organization supports a new form of collaboration across all units, promotes internal communication, and utilizes internal synergies.

HSEQ

In 2018, the Safety & Quality corporate function along with its underlying structures was established and in 2019 a global HSEQ (Health, Safety, Environment, and Quality) concept was developed that is scheduled to be implemented in 2020.

SAP S/4 HANA

All enterprise resource planning (ERP) programs will be combined under this single system. This will facilitate the efficient use of resources such as capital, human resources, operating supplies, and information and communication technology. After successfully going live in 2019 at the PALFINGER site in Elsbethen and in Engineering, SAP S/4 HANA will be rolled out globally in the coming years.

Segment SEA

Following extensive restructuring measures and a diversification of the customer segments, Segment SEA posted a positive operating result in the second half of 2019. Further steps will be taken in 2020 to finalize its integration into the GPO.

Neptune

The joint venture agreement was signed, and closing is expected to take place in the first half of 2020. The joint venture will give PALFINGER the status of a local producer and thus open up direct access to the Chinese market for cruise lifesaving equipment in particular. As a direct result of this, PALFINGER will become a leading supplier of rescue boats and davit cranes in the Chinese market.

STRUCINSPECT

Through its majority shareholding in the digital inspection technology STRUCINSPECT, PALFINGER has revolutionized inspections of bridges and building structures. It is the first business model out of the corporate incubator PALFINGER 21st that has been successfully realized and demonstrates PALFINGER’s holistic solution approach.

bauma 2019

PALFINGER was represented at this event with a 2,000 m2 trade show booth, the latest products, and cutting-edge developments in the field of digitalization. Their presentation included high-tech solutions such as control and assistance systems, telematics solutions, and Smart Eye, a remote solution with real-time transmission, the first electric PALFINGER access platform, P 370 KS E, and the electric concept crane PK 18502 SH. PALFINGER also hosted Capital Markets Day for analysts and investors.