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PALFINGER AG / PALFINGER Results 2020: A Landmark Year - Seite 3

through integration and system standardization.

In 2021, PALFINGER strives to achieve annual revenue of over EUR 1.7 billion and
an EBIT margin of 8 percent. The financial targets for 2024 are EUR 2.0 billion
in revenue from organic growth, a 10 percent average EBIT margin and a 10
percent average ROCE over the business cycle.

To access the online version of PALFINGER AG's Integrated Annual Report 2020,
please click on this link: https://www.palfinger.ag/en/news/publications




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ABOUT PALFINGER AG
The international mechanical engineering firm of PALFINGER is the global leader
for innovative crane and lifting solutions. With a workforce of approximately
10,800, 35 manufacturing sites and a worldwide network of dealerships and
service centers at over 5,000 locations, PALFINGER is always close to the
customer.

As the leader in its engineering field, the company aims to ensure its partners'
business success in the long term by providing solutions and products that
remain economically and ecologically viable in the future. Its broad product and
model portfolio allow PALFINGER to take digitalization and the deployment of
artificial intelligence to new levels.

As a global company with strong roots in its home region, PALFINGER is convinced
that thinking and acting in the interest of sustainability plays a vital role in
successful business operations. That is why the company assumes social,
ecological and economic responsibility along the entire value chain.

PALFINGER AG has been listed on the Vienna Stock Exchange since 1999 and in 2020
achieved a revenue of EUR 1.53 billion.







Further inquiry note:
Hannes Roither | Company Spokesperson | PALFINGER AG
T [phone] | [e-mail]

Texts and their accompanying images are available in the "News" section of:
www.palfinger.ag and www.palfinger.com


end of announcement euro adhoc
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issuer: Palfinger AG
Lamprechtshausener Bundesstraße 8
A-5020 Salzburg
phone: [phone]
FAX: [phone]
mail: [e-mail]
WWW: www.palfinger.ag
ISIN: AT0000758305
indexes:
stockmarkets: Wien
language: English

Additional content: http://presseportal.de/pm/9286/4848783
OTS: Palfinger Holding AG
ISIN: AT0000758305