Palfinger (PAL) Q1 2026 earnings summary

Executive summary

• Q1 2026 delivered revenue of EUR 561.5 million, EBIT of up to EUR 43.3 million, and net result of EUR 24.6 million, reflecting over 11% year-over-year net profit growth and a global presence focused on innovation and diversified industry exposure.

• Strong performance was driven by EMEA and Marine segments, while North America and CIS faced challenges from geopolitical and economic factors.

• Order book remains stable at around EUR 1 billion, providing five months of coverage, with robust order intake and positive trends expected through 2026 and into 2027.

• Strategic initiatives included re-entry into the ATX index, major presence at Conexpo USA, and a partnership with ICON for robot-assisted 3D printing.

Financial highlights

• Revenue increased by 1.6% year-over-year to EUR 561.5 million in Q1 2026.

• EBIT margin improved to 7.4%, with EBIT at up to EUR 43.3 million and net result up 11.8% to EUR 24.6 million.

• EBITDA rose to EUR 65.7 million, up 4.3% year-over-year.

• Negative free cash flow of EUR 19.2 million due to higher investments and inventory buildup, with a full-year target of over EUR 100 million in free cash flow.

• Equity ratio at 43.8%, net debt/EBITDA at up to 1.81, and net financial debt reduced by EUR 150 million year-over-year.

Outlook and guidance

• H1 2026 performance expected to be slightly above prior year, with higher revenue and EBIT targeted for the second half.

• Full-year 2026 guidance targets revenue and EBIT above previous years, aiming for one of the most successful years.

• 2030 targets reaffirmed: revenue over EUR 3 billion, 15% ROCE, and EBIT margin of at least 12%.

• Achievement of 2027 targets depends on recovery in Germany and US upswing in Q2; order intake of EUR 200 million per month needed.