The global economic boom resulted in exceptionally strong demand. Revenue rose to EUR 1.84 billion, EBIT to EUR 155.0 million, and net profit to EUR 86.6 million.
Driven by the rapid economic upswing starting in the second half of 2020, PALFINGER achieved a record level of incoming orders. PALFINGER was able to minimize the impact of globally strained supply chains and the sharply rising costs of raw materials, semiconductors and energy through its strategic partnerships, proactive inventory management and its multiple sourcing policy. Nevertheless, PALFINGER, for its part, had to raise prices. Due to the asynchronous nature of cost increases and price increases, the cost increases will continue to have a significant impact on profitability until the first half of 2022.
Nevertheless, the profitability of PALFINGER's operating business increased in 2021 compared to 2020 and also compared to the previous record year 2019. EBITDA rose by 29.1 per cent from EUR 188.7 million to EUR 243.7 million and the EBITDA margin was 13.2 per cent, compared to 12.3 per cent in the 2020 fiscal year.
Revenue EUR THOUSAND
Balance sheet EUR thousand
Cash flows und investments
- 1) From 2019 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.