PALFINGER AG: PALFINGER continued to post record figures in the first half of 2014.

Salzburg (pta008/07.08.2014/07:40 UTC+2) - Revenue rose by 13.7 per cent and EBIT by 4.9 per cent
- Slight slowdown in growth dynamics probable in the second half of 2014
- Revenue expected to exceed EUR 1 billion by year end

EUR million	HY1 2014	%	HY1 2013	HY1 2012
Revenue	540.1	+ 13.7%	475.1	465.1
EBITDA	58.1	+ 7.5%	54.0	52.2
EBIT	41.0	+ 4.9%	39.1	37.2
EBIT margin	7.6%	-	8.2%	8.0%

In the first half of 2014, the business performance of the PALFINGER Group was satisfying. The Group's revenue was stepped up by 13.7 per cent year on year, through organic as well as inorganic growth, reaching a new record level of EUR 540.1 million. In contrast to previous quarters, most of the growth in revenue came from Europe.

Compared to the first half of 2013, when EBIT was particularly high as a result of one-time effects, an increase of 4.9 per cent to EUR 41.0 million was recorded in the first six months of 2014. Higher capacity utilization at the European plants and PALFINGER's successful restructuring projects also contributed to this development. At EUR 24.6 million, the consolidated net result for the period under review was maintained at the previous year's level of EUR 24.7 million.

Outlook
Since May 2014, PALFINGER has recorded a slight decrease in demand in some of the European core markets while considerable growth potential is still seen in the non-European regions and the global Marine business area. This circumstance and PALFINGER's trend monitoring suggest a moderately positive development in the second half of 2014. Nevertheless, the management expects a double-digit increase in revenue in the current financial year.

The Interim Report for The First Half of 2014 is available for download at
http://www.palfinger.ag/en/newsroom/financial-reports.

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