Palfinger Q4 20 - FCF generation outshines delivery on earnings target
Record operating CF and limited investments drive FCF and major debt reductionNet debt down to EUR 397 mn and gearing now aligned with < 70% target
EBIT target of EUR 100 mn achieved
Dividend of EUR 0.44 bang in line with RBIe
FY 21 objectives of sales > EUR 1.7 bn and 8% EBIT margin already communicated
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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