The year 2022 was marked by a series of crises, which also affected PALFINGER significantly. Nevertheless, PALFINGER generated record revenue of EUR 2,23 billion.
The subsiding Covid-19 pandemic and the associated economic upturn were felt in all regions at the beginning of the year. By contrast, the Russian war on Ukraine had a major impact on the rest of the year due to massive cost increases for materials and energy and strained supply chains. Despite all the adverse effects, record sales of EUR 2,226.2 million were achieved. Compared with 2021 sales of EUR 1,841.5 million, this represents an increase of 20.9 percent. This was mainly due to price increases and exchange rate effects, particularly for the USD. While the EMEA region stagnated, considerable growth was recorded in NAM and LATAM.
The profitability of PALFINGER's operating business decreased to EUR 150.4 million compared to the previous year due to the massive increase in costs, which could only be passed on with a delay by means of price increases due to the high order backlog. EBITDA decreased from EUR 243.7 million to EUR 229,6 million and the EBITDA margin was 10.3 percent compared to 13,2 percent in fiscal year 2021.
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.
- 4) Calculation based on total number of shares