Palfinger has revealed its financial results for the year so far, reporting a 10 per cent increase in revenue, with a record-breaking target in sight.
The company’s revenue has grown from EUR 1182.6 million to EUR 1300.6 million, seeing earnings before interest, tax, depreciation and amortisation (EBITDA) grow by 18.7 per cent.
It expects a year of record growth on the basis of current market trends, with management projecting revenue will increase to EUR 1.7 billion.
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Palfinger attributes the performance to its new organisational structure, called the Global Palfinger Organisation (GPO), which aims to strengthen the global structures and cooperation across corporate units.
This is helping us to unlock synergies within the Group and achieve efficiency gains,” said CEO of Palfinger AG, Andreas Klauser.
“In spite of the recession fears, we are confident that we will be able to achieve our growth targets for 2022.”