Palfinger AG Anticipates Earnings Decline in Early 2025, Recovery Expected Later

Palfinger AG has released its earnings forecast for the first half of 2025, predicting a significant decrease in earnings compared to the previous year. The company's EBIT is expected to drop by about a third in Q1, primarily due to a challenging market environment in 2024. In the first half of 2025, EBIT is forecasted to remain lower than last year's figure. However, there are signs of recovery, as order intake in core European markets is improving, which could positively impact earnings from Q2 onwards.

Management is optimistic about the overall economic conditions improving in the second half of 2025. They anticipate that the decline in earnings experienced earlier in the year will be significantly compensated, paving the way for a favorable outcome by the end of 2025. Detailed figures for the fiscal year 2024 are scheduled for release on March 5, 2025.