EANS-Adhoc

PALFINGER achieved further growth in the first half of 2016 - Seite 2

million for the first half of 2015 (Q2 2015: EUR 26.9 million; Q2
2016: EUR 39.6 million). This outstanding improvement was made
possible by the contributions of all European units as well as a
favourable product mix. As a consequence, the segment's EBIT margin
rose from 12.8 per cent to 15.7 per cent in the reporting period.

Following the pleasing growth achieved in the previous year, revenue
of the AREA UNITS segment once again increased slightly in the first
half of 2016. After EUR 191.9 million in the same period of the
previous year, revenue in the reporting period came to EUR 195.9
million (Q2 2015: EUR 100.2 million; Q2 2016: EUR 103.7 million). The
segment's EBIT, however, shrank from EUR 7.7 million to EUR 0.9
million (Q2 2015: EUR 6.3 million; Q2 2016: EUR 0.4 million). This
was caused primarily by the necessary reorganization in the large
North American market, the continued market turbulences in Brazil and
lower earnings in Asia. The segment's EBIT margin decreased from 4.0
per cent to 0.4 per cent in the first half of 2016.

The acquisition of the Harding Group and the planned takeover of the
TTS Group in the marine sector are milestones in the growth history
of the PALFINGER Group, resulting in a significant expansion of the
business.

For the 2016 financial year, without taking into account the
acquisitions made and planned, the management expects organic revenue
growth, and an increase in earnings when adjusted for integration and
reorganization expenses.

PALFINGER still sees the potential to increase the annual revenue
generated by the Group, including the joint venture companies in
China and Russia, to approx. EUR 1.8 billion by 2017. In connection
with the large acquisitions carried out in the marine sector,
PALFINGER has come a step closer to this goal.

The Interim Report for The First Half of 2016 is available for
download at www.palfinger.ag/en/newsroom/financial-reports.

Both text and pictures are available for download in the press corner
of our website at www.palfinger.com.

Further inquiry note:
Hannes Roither, PALFINGER AG
Company spokesperson
Tel. [phone]
[e-mail]

Both text and pictures are available for download in the press corner of our
website at 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
sector: Machine Manufacturing
ISIN: AT0000758305
indexes: Prime Market
stockmarkets: official market: Wien
language: English