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.

Revenue booming for Palfinger

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.”

As part of the Gough Transport Solutions display at the Brisbane Truck Show, Palfinger is showcasing a virtual reality concept with the potential to effectively enable crane operator training without the risks associated with on-the-job instruction.

Palfinger unveils virtual reality crane operation

As part of the Gough Transport Solutions display at the Brisbane Truck Show, Palfinger is showcasing a virtual reality concept with the potential to effectively enable crane operator training without the risks associated with on-the-job instruction.

With the inclusion of a live streaming camera mounted on a hard-hat, the system can be used to give instructions to an operator in real time from an expert on the other side of the world.

After donning the 3D vision goggles and joystick-equipped control unit, the user is ‘teleported’ to a ‘jobsite’ on a bright, sunny day complete with trees with their leaves rustling gently in the breeze.

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The operation of the crane is intuitive and the system allows the operator to change their viewing position on the building site to enable optimised crane function.

While still in the concept stage and being displayed at various industry events globally, the system has the potential to enable the training of crane operators for the job in much the same way as a flight simulator is used for aircraft pilot training.