In particular, the Russian war on Ukraine led to further, severe disruptions in global supply chains, an energy crisis in Europe and high inflation rates. We were not spared from the effects. Nevertheless, we can look back on a successful financial year. After 2021, we also recorded record sales of EUR 2.2 billion in 2022, with an operating result of EUR 150.4 million being slightly below that of the previous year. The number of employees worldwide rose to 12,210.

As in 2020 and 2021, the GLOBAL PALFINGER ORGANIZATION (GPO) proved to be crucial...