Palfinger Q3 22 - Stronger sales, in-line earnings in Q3 & CMD take-aways
Similar to Q2 top line growth outperformed estimates while earnings were just in lineSustained cash drain from further working capital build-up
FY 22 turnover target slightly tweaked to above EUR 2 bn, EBIT of close to prior years level maintained
Capital Markets Day hosted today at the bauma trade fair brought interesting insights but no catalysts
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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