Palfinger (PAL) investor relations material

Executive summary

• Q1–Q3 revenue rose 3.9% to €1,616.7 million, while EBIT declined 5.8% to €120.7 million; consolidated net result was a €61.5 million loss. Figures exclude CIS and Tail Lifts.

• Challenging demand and delayed investment weighed on operations; strategic responses included a €50 million efficiency program, regional restructuring and portfolio changes.

Financial highlights

• Q1–Q3 EBITDA was €190.4 million, down 1.9% YoY; EBIT margin was 7.5%, versus 8.2% a year earlier.

• Consolidated net result was negative €61.5 million versus profit of €72.4 million, primarily reflecting Russian-operations and Tail Lifts write-offs and valuation effects.

• Free cash flow was €1.7 million at September 30, 2026, versus €54.0 million a year earlier; the full-year target remains above €100 million, with a steep Q4 ramp planned.

• Net financial debt was €567.2 million, down from €577.2 million a year earlier.

Outlook and guidance

• FY 2026 revenue is expected slightly above the prior year and EBIT slightly below; net income will be affected by CIS and Tail Lifts revaluations.

• The free cash flow target remains above €100 million for FY, supported by an expected strong Q4 ramp-up.

• Strategy 2030+ targets remain €2.8 billion revenue, 12% EBIT margin and 15% ROCE; the revenue target reflects portfolio changes and organic growth ambitions.

• Efficiency measures target €50 million of sustainable savings by 2028 to offset inflation and stabilize structural costs.