Palfinger has reported record high revenues of $1.37bn for 2015 – an increase of 15% on its $1.19bn revenues in 2014.
The group’s earnings before interest and taxes (EBIT) rose 58% to $116m, up from $74m in 2014.
Herbert Ortner, CEO of Palfinger, noted: “The Palfinger Group achieved these record results in a difficult and volatile environment, which shows that the consistent implementation of our corporate strategy has borne fruit and put us in an excellent competitive position.
“We have adjusted our product range to the requirements of each market region, and we have become more flexible in production, which we are increasingly outsourcing to the market regions.”
The company cited its success in Asia as a result of the company’s co-operation with Chinese manufacturer Sany, adding that demand in South America was down 35%, but market share was up.
