Palfinger AG Strengthens Global Leadership with Record-Breaking Financial Performance
Resilient Growth and Market Expansion
Palfinger AG, the world leader in lifting solutions, continues its path of record-breaking financial performance, as presented by CFO Felix Strohbichler. With revenues reaching €2.4 billion in 2024, Palfinger has reinforced its global dominance, thanks to its expansive sales and service network spanning 30 production sites worldwide. The company remains resilient due to its diversified customer segments, which include forestry, logistics, waste management, recycling, marine applications, and the construction industry.
Global Expansion & Revenue Growth Strategy
A key highlight of Palfinger’s strategy is its aggressive expansion into North America. In 2024, 27% of the company’s revenue came from North America, a figure that is targeted to increase to one-third of total revenues in the coming years. This strategic shift aligns with Palfinger’s vision to solidify its presence in the world’s largest markets.
Additionally, Palfinger is making significant investments in the APAC region. By 2030, the company aims to generate €300 million from APAC, representing 10% of total revenue. A crucial part of this initiative is the new assembly plant in India, an investment exceeding €25 million. This state-of-the-art facility will be equipped with the latest technology and will serve both the domestic Indian market and exports to the Middle East and Africa. This expansion positions Palfinger as a global player with a strong foothold in emerging markets.
Innovation & Digitalization – A Competitive Advantage
Palfinger boasts an innovative and powerful product portfolio, offering land and marine solutions. These include:
- Truck- and rail-mounted lifting equipment
- Offshore cranes for oil rigs
- Marine cranes and rescue boats
- Wind turbine maintenance cranes and winches
A crucial differentiator for Palfinger is its focus on digital solutions, which enhance customer experience and operational efficiency. Digitalization allows Palfinger to integrate predictive maintenance, intelligent fleet management, and smart service solutions, adding substantial customer value while improving profitability.
Sustainability: A Core Business Priority
Palfinger has embedded sustainability at the heart of its strategy, aligning with ESG trends and enhancing its corporate responsibility. The company has made significant strides in improving workplace safety and reducing environmental impact, with key achievements including:
- 27% reduction in workplace accident rates (compared to 2023)
- 17.6% decrease in carbon emissions year-over-year
By integrating sustainable materials, energy-efficient solutions, and responsible production methods, Palfinger is well-positioned to capitalize on the growing ESG movement while improving operational efficiencies.
Ambitious Financial Targets for 2027
Palfinger has set bold financial goals for 2027, focusing on organic growth, profitability, and operational excellence:
- Revenue increased to €2.7 billion (from organic growth)
- 10% EBIT margin
- Return on sales (ROS) exceeding 12%
A crucial component of this growth plan is doubling service and parts revenue to €700 million by 2030, a move that aims to significantly boost profitability and customer loyalty.
Conclusion
Felix Strohbichler, CFO of Palfinger AG, confidently presents a company on the rise, leveraging market leadership, global expansion, innovation, and sustainability to drive growth. With record-breaking revenues, a strong focus on North America and APAC, and an ambitious 2027 roadmap, Palfinger is strategically positioned to maintain its industry leadership and create long-term value for shareholders, customers, and employees.
March 11, 2025
05:30 
