Key Figures

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

€ 1,615,628 2018

€ 1,753,849 2019

1,533,864 2020

2018

2019

2020

Income statement EUR thousand

Revenue

1,615,628

1,753,849

1,533,864

EBITDA

196,749

223,643

188,664

EBITDA margin

12.2%

12.8%

12.3%

EBIT

126,974

149,015

100,288

EBIT margin

7.9%

8.5%

6.5%

Earnings before income tax

111,048

133,124

85,095

Consolidated net result

57,951

80,028

49,798

Balance sheet EUR thousand

Net working capital (average)

334,786

352,681

348,278

Capital employed (average)

1,048,266

1,113,102

1,084,139

Equity

555,726

629,092

616,449

Equity ratio

36.4%

38.3%

39.6%

Net debt

515,739

525,647

397,088

Gearing

92.8%

83.6%

64.4%

Cash flows und investments EUR thousand

Cash flows from operating activities

126,502

156,031

224,669

Free cash flow

46,775

112,355

173,319

Net investments

95,674

90,846¹⁾

68,171¹⁾

Depreciation, amortization and impairment

69,774

74,628

88,376

Value creation EUR thousand

ROCE

8.5%

9.9%

6.9%

ROE

14.4%

16.5%

10.1%

EVA

31,551

43,391

10,776

WACC

5.5%

6.0%

5.9%

Employees

Number of employees²⁾

10,780

11,126

10,824

Percentage of women

13.0%

13.6%

13.7%

Employee turnover

18.7%

16.8%

14.7%

Downtimes due to industrial accidents

0.17%

0.14%

0.12%

Training hours (per employee)

17.1

18.6

8.7

Environment

CO₂ emissions from production in tonnes

55,039

36,588

30,796

Index: Energy consumption in relation to revenue

88.8%

86.5%

91.8%

Index: Hazardous waste in relation to revenue

82.7%

75.9%

97.4%

Market capitalization

834,570

1,099,603

973,665

Price as at year end (EUR)

22.20

29.25

25.90

Earnings per share (EUR)

1.54

2.13

1.32

Dividend per share (EUR)

0.51

0.35

0.45³⁾

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.