Austria's Palfinger H1 profit falls on softer demand

Palfinger AG

28/07/2026 06:15

Overview
Austria crane and lifting firm's H1 revenue rose 2.3% yr/yr despite market volatility
Net income and EBIT for H1 declined from prior year amid weaker demand and tariffs
Company launched efficiency program targeting EUR 25 mln in annual savings from 2027

Outlook
Palfinger aims for 2026 revenue and earnings above prior yr's levels
Company says 2027 targets will be achieved later than planned due to delayed recovery
Company confirms 2030 targets of revenue over EUR 3 bln, EBIT margin of 12%, ROCE of 15%

Result Drivers
WEAKENED DEMAND - Co said demand declined more sharply than expected in Q2 due to volatile markets, geopolitical conflicts, and delayed customer investment decisions
TARIFF AND GEOPOLITICAL IMPACTS - U.S. tariffs and conflicts in the Middle East and Russia weighed on demand and profitability, especially in North America and APAC
EFFICIENCY PROGRAM - Co launched a structural efficiency program targeting EUR 25 mln in annual savings from 2027 to address cost pressures

Company press release: ID:nEQ2GlR9Ha

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
EUR 1.17 bln
 
H1 Net Income
 
EUR 48 mln
 
H1 EBIT
 
EUR 84.10 mln
 
H1 EBITDA
 
EUR 133.30 mln
 
H1 EBIT Margin
 
7.20%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the heavy machinery & vehicles peer group is "buy"
Wall Street's median 12-month price target for Palfinger AG is €42.00, about 26.9% above its July 27 closing price of €33.10
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

Reuters Recommended Reads
July 27 - Germany's Hochtief H1 operational net profit rises on infrastructure demand; raises guidance
July 27 - France's Rexel H1 sales rise, EBITA margin improves on volume and price gains
July 27 - Italian machine tool sector wants tougher EU trade rules on China

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)