PALFINGER at a glance

PALFINGER is the world's leading manufacturer and supplier of innovative crane and lifting solutions. Its product lines include Loader, Marine, and Wind Cranes, Timber & Recycling Cranes, Hooklifts & Skip Loaders, Aerial Work Platforms & Special Solutions, Self Propelled Lifting Solutions, Tail & Passenger Lifts, Boats & Davits, and Marine Handling Solutions.

Founded in 1932, 90 years ago, as a locksmith's workshop, PALFINGER is now a global company and has been listed on the Vienna Stock Exchange since 1999. With the Palfinger family, the company has a strong core shareholder. The PALFINGER Group is directly active with 11,733 employees in 82 companies and 33 countries and operates a total of 34 manufacturing and assembly plants in Europe, North and South America, the CIS countries and Asia. PALFINGER is represented in 130 countries through a dealer and service network as well as more than 200 independent general importers with around 5,000 service points.

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

Thanks to strong global demand, PALFINGER achieved record order volumes in almost all regions and product lines in the 2021 fiscal year. As a result, PALFINGER generated record revenue of EUR 1,841.5 million, EBITDA amounted to EUR 243.7 million, and EBIT rose to EUR 155.0 million. At EUR 86.6 million, the consolidated net result for 2021 is the highest in the Company's history.

Significant Events

On December 15, 2021, PALFINGER and SANY HEAVY INDUSTRIES signed an agreement on the dissolution of the cross-shareholding. This significantly increases PALFINGER’s scope of action for acquisitions and investments in the future, and ensures further growth. The operative cooperation with SANY in China will be further expanded.
With the slogan “Challenge Accepted”, the digital event this year focused on the MARINE, LATAM and NAM markets. Challenges and innovative product solutions, market anomalies, regional requirements and sites were presented. With around 8,700 participants from over 70 nations, the second edition of the format also attracted a great deal of interest.
On January 24, 2021, PALFINGER was the target of a global cyberattack. A task force was set up immediately and after about 10 days, operations could be resumed step by step. Substantial investments were made in 2021 to improve cybersecurity.
In January 2021, the company’s largest system implementation project so far was successfully realized. Since then, more than 1200 users at a total of 8 sites have been working with the new SAP system S/4 HANA. In 2021, the focus was on optimizing the existing SAP template with new releases and improving it with innovations.
Takeover of TSK / Equipdraulic
In 2021, PALFINGER signed contracts to take over the companies EQUIPDRAULIC, S.L.U. in Spain, and TSK Kran und Wechselsysteme GmbH and TSR Lacktechnik GmbH in Germany. The acquisition strengthens PALFINGER Iberica's position, especially in the industrially strong region of Catalonia as well as in northwest Germany and the border triangle of Germany, Belgium and the Netherlands.