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 12,210 employees in 83 companies and 33 countries and operates a total of 31 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.

Palfinger recorded in 2022, which was significantly affected by supply chain problems and the gas and energy crisis, again high order volumes in almost all regions and product lines. As a result, PALFINGER generated record revenue of EUR 2,226.2 million, which was also decisively marked by price increases and exchange rate effects. EBITDA amounted to EUR 229.6 million, EBIT and consolidated net result fell to EUR 150.4 million and EUR 71.4 million respectively due to the massive increase in costs.

Significant Events

First sustainable financings
PALFINGER underlines its focus on sustainability by raising the first sustainable financing in the amount of EUR 280 million. The terms and conditions are highly attractive and linked to sustainability indicators, with a maturity of up to six years and an amortizing structure.
Russia's war
Russia's attack on Ukraine on February 24th resulted in a humanitarian crisis as well as massive economic repercussions. In accordance with all sanction regulations of the European Union, PALFINGER completely stopped its imports and exports to and from Russia. Since then, the CIS region has been operating autonomously and independently. Shortages of trucks and semiconductors as well as rising material and energy costs led to significant delivery delays and cost increases.
Gas and energy crisis
PALFINGER reacted to the emerging gas and energy crisis by continuously monitoring developments on the gas and energy markets. In this context, measures to substitute gas in production and to save energy within the entire Group were developed.
Access work platform turntable Löbau
As part of its Vision & Strategy 2030, PALFINGER is focusing on the potentials of its access platform product line. To this end, the European hub for access platforms was established in Löbau, Saxony. The site was substantially expanded and took over the assembly contents of the Krefeld site.
New headquarters NAM in Chicago
In 2022 PALFINGER signed the contract for the construction of the new NAM headquarters in Schaumburg/Chicago. After the renovation, which is scheduled for completion in 2023, the new headquarters will also serve as a demo and training center.