Performance was affected by COVID-19. The revenue fell to EUR 1.53 billion and the EBIT to EUR 100.3 million.
The effects of the 2020 health and economic crisis on the PALFINGER Group were felt chiefly in the first half of the year. From Q3 of 2020, the general economic upturn had a positive effect on PALFINGER’s business operations, and revenue reached EUR 1,533.9 million. Compared to revenue in 2019, which amounted to EUR 1,753.8 million, this represents a fall of 12.5 percent.
Business volume declined in every region except Marine. Following a slump at the start of the COVID-19 crisis, order intake was successfully stabilized in the second half of 2020.
The COVID-19 crisis led to a reduction in the profitability of PALFINGER’s operations in the reporting year compared to 2019. From EUR 223.6 million, EBITDA fell by 15.6 percent to EUR 188.7 million, and the EBITDA margin was 12.3 percent compared to 12.8 percent in fiscal year 2019.
REVENUE EUR thousand
Income statement EUR thousand
Balance sheet EUR thousand
Cash flows und investments EUR thousand
Value creation EUR thousand
- 1) Including additions from leases (IFRS 16).
- 2) Reporting date figures of consolidated Group companies without equity investments and without contingent workers.
- 3) Proposal to the Annual General Meeting.