Palfinger AG Celebrates 25 Years of Growth with Tenfold Revenue Increase

On June 4, 2024, Palfinger AG marked its 25th anniversary on the Vienna Stock Exchange. Since its IPO on June 4, 1999, the company has grown significantly, achieving a tenfold increase in revenue from EUR 243 million to EUR 2.45 billion.

Palfinger shares have outperformed the ATX, with the share price more than quadrupling from EUR 5.25 at IPO to over EUR 24.0. The company follows a consistent dividend policy, paying out around a third of its annual profit to shareholders. For fiscal year 2023, a record dividend of EUR 1.05 per share was distributed.

Palfinger's success is underpinned by its reliable core shareholder, the Palfinger family, holding 56.4 percent of the company. The IPO has improved transparency, brand strength, and capital access for growth initiatives. The company also highlights the successful placement of promissory note loans linked to sustainability indicators.