31.01.2022

Palfinger profit warning

Palfinger has issued a profit warning due to massive cost increases and delivery issues. The situation is compounded by the company's strong order book which is preventing cost increases to be passed on. However, it has already implemented price increases for new orders and expects to regain some of the shortfall during the second half.

The full warning bulletin is as follows:

“Based on a current forecast, an EBIT is emerging for the first quarter and for the first half of 2022 that is significantly below the previous year's EBIT due to massive cost increases and an unstable supply chain.”

“The price increases that have already been communicated to the market have a heavily delayed affect due to the high order backlog and as a consequence are unable to adequately compensate for the cost increases in the first half of 2022. For the second half of 2022, Palfinger expects further price increases to take effect and to compensate for the decline during the first half of 2022. This should ensure that the earnings level of the successful fiscal year 2021 is reached again.”