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PALFINGER company profile

 

Established in 1932, the company has for many years been among the leading international manufacturers of hydraulic lifting, loading and handling systems. As a multinational company group with its headquarters in Salzburg, Austria, PALFINGER has production and assembly sites across Europe as well as in North and South America. Innovation, further internationalisation and diversification of products and services form the strategic pillars of the corporate strategy. In line with this, PALFINGER today stands for innovative lifting, loading and handling solutions at the interfaces of the transport chain. The company's main guiding principle is to make customers throughout the world more successful.



The core product is the truck mounted knuckle-boom crane. The company is the world market leader in this segment with close to 150 models and a market share of 30 percent. In hookloaders (PALIFT and GUIMA) PALFINGER is the world's second-biggest manufacturer. Over the years the product portfolio has been steadily expanded with products such as the CRAYLER mounted forklift, the PALGATE tail-lift, the MOBILER container transfer system and the ACCESS aerial work platform. In addition, the company develops innovative solutions for railway applications, bridge inspection, recycling, and the E-logistics sector. Cranes for use in agriculture, forestry and other off-road applications complete the product range.

Around 64 percent of the PALFINGER Group is still owned by the PALFINGER family and around 31% is in diversified holdings. In connection with a share repurchase programme PALFINGER AG acquired 5%. Since June 1999 PALFINGER has been listed on the official market of the Vienna Stock Exchange. Since mid-June 2000 the shares of PALFINGER AG have also been traded on the OTC market of the Stuttgart, Berlin, Dsseldorf and Frankfurt stock exchanges. In October 2001 the company entered the leading ATX Index.

Preliminary results for 2005 show an increase in turnover by EUR 116.3m or 28.8% to EUR 520m.   

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