PALFINGER AG: PALFINGER continued its growth in 2014 - Revenue exceeded EUR 1 billion for the first time

Salzburg (pta008/06.02.2015/10:00 UTC+1) - Record revenue of EUR 1,063.4 million (+ 8.4 per cent)
- EBIT decreased by 10.3 per cent
- Proposed dividend of EUR 0.34 per share
- Stable revenue growth expected again for 2015

EUR million	2014	%	2013	2012
Revenue	1,063.4	+ 8.4%	980.7	935.2
EBIT	66.5	(10.3%)	74.1	68.5
EBIT margin	6.3%	-	7.6%	7.3%
Dividend per share (EUR)	0.34*	(17%)	0.41	0.38

* Proposal to the Annual General Meeting.

Despite economic turbulences in the individual market regions, the PALFINGER Group once again achieved record revenue in 2014 and, for the first time in its history, exceeded the one-billion mark: revenue increased by 8.4 per cent to EUR 1,063.4 million in 2014.

EBIT for the 2014 financial year came to EUR 66.5 million, a decrease of 10.3 per cent from the previous year's EBIT of EUR 74.1 million. This was caused by a reduction in incoming orders in the European core markets in mid-2014, declining sales in North America due to harsh weather during the first quarter of 2014, and drops in demand and fluctuations in exchange rates in South America and Russia.

PALFINGER posted a consolidated net result of EUR 38.4 million, which is 12.7 per cent lower than the 2013 figure of EUR 44.0 million. In line with PALFINGER's dividend policy, which provides that approximately one third of the annual profit is to be distributed to shareholders, the Management Board has proposed that a dividend of EUR 0.34 per share be distributed for 2014 (previous year: EUR 0.41 per share).

For 2015, PALFINGER sees growth potential in North America, Asia - primarily China - and in the marine business. Since the fourth quarter of 2014, PALFINGER has perceived stabilizing demand, also in the European core markets; in South America and Russia, no upswing is in sight. Overall, therefore, the management expects another boost in revenue in the 2015 financial year.

The Integrated Annual Report and the Annual Financial Report for 2014 may be downloaded at http://www.palfinger.ag.

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