PALFINGER AT A GLANCE
PALFINGER is a company with global reach that is headquartered in Bergheim near Salzburg, Austria, and specializes in Lifting Solutions. PALFINGER offers its customers optimal solutions and the best service structures worldwide. The company's product lines include Loader, Marine, and Wind Cranes, Timber & Recycling Cranes, Hooklift & Skip Loaders, Aerial Work Platforms & Special Solutions, Self Propelled Lifting Solutions, Tail & Passenger Lifts, Boats & Davits, and Marine Handling Solutions.
Founded in 1932 as a family business, the PALFINGER Group employs 10,824 people in 82 companies and 32 countries and operates a total of 35 manufacturing and assembly plants in Europe, North and South America, the CIS states and Asia. PALFINGER is represented in 130 countries by a dealer and service network and more than 200 independent general importers with around 5,000 service centers.
PALFINGER has always been a technology leader and innovator.
The health and economic crisis in 2020 has left its mark on the balance sheet: In fiscal year 2020, revenue reached EUR 1,533.9 million, EBITDA was EUR 188.7 million, and EBIT fell to EUR 100.3 million. Thanks to rapid and targeted actions taken by the company's COVID-19 Task Force, PALFINGER implemented purpose-specific actions to drive the ongoing transformation process to the next level. As a result, PALFINGER has succeeded in generating the company's lowest net debt since 2013, historically the highest free cash flow and much-improved balance sheet KPIs.