Palfinger AG (PLFRF.PK) announced earnings for first quarter that decreased from last year
The company's earnings totaled EUR21.955 million, or EUR0.63 per share. This compares with EUR32.532 million, or EUR0.94 per share, last year.
The company's revenue for the period fell 4.5% to EUR552.508 million from EUR578.500 million last year.
Palfinger AG earnings at a glance (GAAP) :
-Earnings: EUR21.955 Mln. vs. EUR32.532 Mln. last year.-EPS: EUR0.63 vs. EUR0.94 last year.-Revenue: EUR552.508 Mln vs. EUR578.500 Mln last year.
Looking ahead, Palfinger AG, said: “Thanks to the recovery in order intake in core European markets, Palfinger expects strong earnings development from the second half of the year onward. On this basis, the company is aiming for year-on-year growth in both revenue and EBIT in 2025.”
For the full-year 2027, the company aims to report an EBIT margin of 10 percent, on revenue of 2.7 billion euros.
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