Palfinger Q1 21 - Q1 meets guidance
Q1 results came in as guided: 3% sales growth and 9.9% EBIT marginEarnings quality, working capital containment and low capex drive compelling cash conversion
Order book at record levels bodes well in terms of visibility
Input cost inflation to filter through as of 2Q, price hikes as compensating factor
FY 21 guidance of new record figures for top line and EBIT reiterated
Palfinger provides lifting solutions for use on commercial vehicles and in the maritime field. Co. is engaged in providing loader cranes, timber and recycling cranes, marine cranes, wind cranes and hooklifts service. In addition, Co. is engaged in providing tail lifts and high-tech railway systems. Co. offers its products and services primarily to construction industry, transport logistics, public authorities, waste disposal, forestry and agriculture and railway infrastructure. In the marine business, Co. sells worldwide, primarily to customers in deep sea navigation and in the oil and gas industry. Co.'s brand is LIFETIME EXCELLENCE.
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