PALFINGER AG in the news

Palfinger is investing 70 million Euros in a new production and logistics plant in Ormož, Slovenia, to expand crane and lifting solution capacities by 2028.

PALFINGER is investing 70 million Euros to build a new production plant in Ormož, Slovenia, scheduled to open in 2028, to expand its manufacturing capacity for crane and lifting solutions and strengthen its European production network.

Palfinger Dreggen expanded its marine business by integrating MCT Eng's assets to form Palfinger Dreggen Korea Ltd. to strengthen its presence in the Asian offshore market.

Palfinger will supply 64 davit cranes for the East Anglia TWO offshore wind farm to assist with material handling and maintenance on wind turbine platforms.

Palfinger AG released its half-year financial report, available on its investor relations website in German and English.

PALFINGER AG's revenue last year was 2.34 billion EUR, with its Sale & Service segment and the EMEA region being the primary contributors.

Palfinger AG's first-half 2026 revenue increased, but profitability declined due to reduced service business and unfavorable product mix, leading to a stock drop and target adjustments.

Palfinger AG reported higher revenue but lower profit in the first half of 2026, launching an efficiency program to save 25 million EUR annually from 2027, while delaying some 2027 financial targets.

PALFINGER AG faced a challenging first half of 2026 due to market volatility and geopolitical issues, but initiated an efficiency program and secured large orders, aiming for improved performance by year-end.

Palfinger AG met Q2 estimates, but its stock fell, and analysts slightly cut future earnings forecasts, projecting slower growth than the industry average.

Strategic assembly partnership with Steyr Automotive supports expansion and supply chain stability for the growing North American crane and lifting market.

Omaha Standard PALFINGER has announced a series of executive leadership promotions and organizational changes to support rapid growth in North America and Asia Pacific.

Palfinger AG has been honored at the Vienna Stock Exchange Awards while navigating growth in European infrastructure and headwinds from US trade tariffs.

Strategic expansion in the North Sea offshore wind market through a new contract for high-performance Davit cranes on converter platforms.

Palfinger launched a new series of mechanics trucks, service cranes, and air compressors at the 2010 NTEA Work Truck Show.

Palfinger COO Martin Zehnder is stepping down immediately, leaving his research, production, and supply chain responsibilities vacant until a successor is found.

Palfinger AG demonstrated financial resilience and technological growth in Q1 2026 through debt reduction, index reinstatement, and a strategic pivot toward robotics and digital services.

Palfinger AG reported record-level Q1 2026 results driven by global expansion and innovation despite geopolitical volatility.

Reporting one of its best first quarters ever, the company saw steady growth in revenue and EBIT driven by a strong order backlog and European demand.

Q1 2026 results show improved profitability and a stronger balance sheet for the Austrian lifting manufacturer despite slow revenue growth and North American market headwinds.