28.07.2025

Another soft start for Palfinger

Austrian crane and aerial lift manufacturer Palfinger has posted its half year results which show another decline in both revenues and profits, although it reports a pick up in order intake, especially in the Europe, Africa and the Middle East region.

Total revenues for the six months to the end of June were €1.14 billion, 3.1 percent lower than for the same period last year.
Pre-tax profit dropped 20 percent to €72.4 million, while net debt at the end of June was €687.7 million, down 10 percent on this time last year.

Second quarter revenues were €587 million a fall of 1.75 percent, while pre-tax profit slipped 10 percent to €40.87 million.

Chief executive Andreas Klauser said: " Since the fourth quarter of 2024, Palfinger has recorded higher order intake, especially in the European region, which is why capacity increases were necessary in the first half of 2025. The South and central America region remained stable during the reporting period, while Asia Pacific, particularly the emerging Indian market, provided positive momentum in terms of order intake. Growth continued in Marine sector – particularly for wind cranes and lifeboats with davit systems. Despite the ongoing tariff conflicts and the associated uncertainty, North America also showed a slight upward trend in orders. In the first half of the year, the share of service revenue was further expanded. "This result confirms we’re on the right track. Above all, our value creation principle of ‘in the region, for the region’ has once again proven its worth. We are well positioned and confident that we will be able to compensate for the decline in earnings and revenue in the second half of the year."

Vertikal Comment

This is the second first half in a row that revenues and profits have fallen for Palfinger, however it has seen a sharp rise in order intake which should help boot the second half. The company is making some good moves at the moment, but still has some way to go. Expect a better second half and a stronger start to 2026.