Palfinger Ag · VIE:PAL
Palfinger — Q1-Q3 2026 Earnings Presentation
33 slides from Palfinger's earnings presentation, Oct 28, 2026
Slide 1: Presentation of Results Q1-Q3 2026
WE REACH HIGHER Presentation of Results Q1-Q3 2026 October 28, 2026
Slide 2: Palfinger is fully committed to creating sustainable shareholder value
PRESENTATION OF RESULTS Q1-Q3 2026 PALFINGER | 10/28/26 2 PALFINGER IS FULLY COMMITTED TO CREATING SUSTAINABLE SHAREHOLDER VALUE A TECHNOLOGY AND RESILIENCE EQUITY STORY: INDUSTRY LEADER WHAT MAKES US UNIQUE PALFINGER creates Broad product portfolio, added value for its global presence, industry cus
Slide 3: The environment remains challenging
PRESENTATION OF RESULTS Q1-Q3 2026 PALFINGER | 10/28/26 3 THE ENVIRONMENT REMAINS CHALLENGING Volatility Demand remains low in Germany and the U.S. as uncertainty grows, including rising tensions in the Middle East. Customer hesitation Delayed investment decisions in key EMEA and NAM markets. Supply
Slide 4: Key decisions for the future made in Q3
PRESENTATION OF RESULTS Q1-Q3 2026 PALFINGER | 10/28/26 4 KEY DECISIONS FOR THE FUTURE MADE IN Q3 Sharpening the portfolio Signing of binding pre-agreement for the potential sale of the Tail & Passenger Lift business to a strategic investor. Cost saving program started Structural cost saving program
Slide 5: From strategy to execution: nextGPO
PRESENTATION OF RESULTS Q1-Q3 2026 PALFINGER | 10/28/26 5 FROM STRATEGY TO EXECUTION: NEXTGPO ENABLES FASTER DECISION-MAKING IN A CHANGING MARKET ENVIRONMENT STRATEGY 2030+ nextGPO Renewed Strategy and sharper priorities give a clearer focus. Strengthening regional accountability to accelerate DYNAM
Slide 6: Selected major orders in Q3 2026
PRESENTATION OF RESULTS Q1-Q3 2026 PALFINGER | 10/28/26 6 SELECTED MAJOR ORDERS IN Q3 2026 EMEA MARINE NAM ~EUR 26 million ~EUR 22 million ~USD 39 million EUR 6.2 million order from German EUR 11 million order from the scientific Major order placed by a strategic Autobahn GmbH des Bundes research se
Slide 7: Sharpening portfolio and reducing risk
SHARPENING PORTFOLIO AND REDUCING RISK
Slide 8: Sharpening portfolio through the sale of Tail & Passenger Lift business
PRESENTATION OF RESULTS Q1-Q3 2026 PALFINGER | 10/28/26 8 SHARPENING PORTFOLIO THROUGH THE SALE OF TAIL & PASSENGER LIFT BUSINESS IMPACT ON FINANCIALS • Classified as held for sale. • To be reported below EBIT as discontinued operations and therefore excluded from "other non reportable segments" P&L
Slide 9: Risk mitigation: strengthened ring-fencing of Russian operations
PRESENTATION OF RESULTS Q1-Q3 2026 PALFINGER | 10/28/26 9 RISK MITIGATION: STRENGTHENED RING-FENCING OF RUSSIAN OPERATIONS To be reported below EBIT as discontinued operations. Executive and Supervisory Board initiated a legal Decision to strengthen Initiated structure to reinforce ring-fencing and
Slide 10: Revenue and EBIT contributions from discontinued operations
PRESENTATION OF RESULTS Q1-Q3 2026 PALFINGER | 10/28/26 10 REVENUE AND EBIT CONTRIBUTIONS FROM DISCONTINUED OPERATIONS Period Revenue in EUR million EBIT in EUR million Q1–Q3 2026 Revenue and EBIT from discontinued operations: 120.96 - 1.81 CIS & Tail Lifts combined FY 2025 Revenue and EBIT from dis
Slide 11: Segment Sales & Service
SEGMENT SALES & SERVICE
Slide 12: Divergent market developments across regions
SEGMENT SALES & SERVICE | PRESENTATION OF RESULTS Q1-Q3 2026 PALFINGER | 10/28/26 12 DIVERGENT MARKET DEVELOPMENTS ACROSS REGIONS NAM EMEA CIS − Truck registrations show first − Stable market environment − No improvement in signs of recovery across Europe Russian market − Record sales in Loader Cran
Slide 13: Slight increase in revenue and order book
SEGMENT SALES & SERVICE | PRESENTATION OF RESULTS Q1-Q3 2026 PALFINGER | 10/28/26 13 SLIGHT INCREASE IN REVENUE AND ORDER BOOK, SERVICE REVENUE SHARE IMPACTED BY WAR IN MIDDLE EAST In EUR million Q1-Q3 20251) Q1-Q3 2026 ∆% External revenue 1,455.8 1,510.9 + 3.8% EBITDA 159.4 142.2 - 10.8% EBIT 143.4
Slide 14: Segment Operations
war y fo Ki M fs ‘f efx “f Je SEGMENT OPERATIONS
Slide 15: Capacity adjusted to regional market developments
SEGMENT OPERATIONS| PRESENTATION OF RESULTS Q1-Q3 2026 PALFINGER | 10/28/26 15 CAPACITY ADJUSTED TO REGIONAL MARKET DEVELOPMENTS CAPACITY INCREASED IN EUROPE The plants in the European production network recorded slightly higher utilization, driven by Loader cranes and Marine cranes. UNDERUTILIZATIO
Slide 16: Production for third parties - slight recovery at a low level
SEGMENT OPERATIONS| PRESENTATION OF RESULTS Q1-Q3 2026 PALFINGER | 10/28/26 16 PRODUCTION FOR THIRD PARTIES - SLIGHT RECOVERY AT A LOW LEVEL In EUR million Q1-Q3 20251) Q1-Q3 2026 ∆% External revenue 99.9 105.2 + 5.3% EBITDA 47.7 53.7 + 12.6% EBIT 13.5 24.3 + 80.0% 1) Prior-year figures adjusted in
Slide 17: Segment Other Non Reportable Segments
SEGMENT OTHER NON REPORTABLE SEGMENTS
Slide 18: KPIs only reflect holding due to re-classification of Tail Lift business
SEGMENT OTHER NON REPORTABLE SEGMENTS | PRESENTATION OF RESULTS Q1-Q3 2026 PALFINGER | 10/28/26 18 KPIs ONLY REFLECT HOLDING DUE TO RE-CLASSIFICATION OF TAIL LIFT BUSINESS In EUR million Q1-Q3 20251) Q1-Q3 2026 ∆% External revenue 0.7 0.6 - 14.3% EBITDA - 13.7 - 5.6 + 59.1% EBIT - 29.0 - 22.3 + 23.1
Slide 19: Palfinger Group
PALFINGER GROUP
Slide 20: Ring-fencing decision leads to write off and change in reporting
PALFINGER GROUP | PRESENTATION OF RESULTS Q1-Q3 2026 PALFINGER | 10/28/26 20 DECISION TO STRENGTHEN RING-FENCING OF RUSSIAN OPERATIONS LEADS TO WRITE OFF AND CHANGE IN REPORTING (DISCONTINUED OPERATIONS) Revenue distribution by In EUR million Q1-Q3 20251) Q1-Q3 2026 ∆% Region Q1-Q3 2026 Revenue 1,55
Slide 21: FCF target: steep ramp up in Q4 planned
PALFINGER GROUP | PRESENTATION OF RESULTS Q1-Q3 2026 PALFINGER | 10/28/26 21 FCF TARGET >EUR 100 MILLION: STEEP RAMP UP IN Q4 PLANNED AS IN PREVIOUS YEARS In EUR million 09/30/2025 09/30/2026 EBTDA1) 167.8 169.5 +/- non-cash income from at-equity companies1) - 6.2 0.3 +/- change in working capital -
Slide 22: Strong balance sheet: around 40% equity ratio despite write off
PALFINGER GROUP | PRESENTATION OF RESULTS Q1-Q3 2026 PALFINGER | 10/28/26 22 STRONG BALANCE SHEET: AROUND 40% EQUITY RATIO DESPITE WRITE OFF In EUR million 09/30/2025 09/30/2026 Equity 884.7 815.4 Equity ratio 41.3% 39.5% Gearing 65.2% 69.6% Net debt/EBITDA1) 2.35 2.20 ROCE1)2) 8.1% 9.2% 1)Prior-yea
Slide 23: Further improvement of net financial debt
PALFINGER GROUP | PRESENTATION OF RESULTS Q1-Q3 2026 PALFINGER | 10/28/26 23 FURTHER IMPROVEMENT OF NET FINANCIAL DEBT In EUR million 09/30/2025 09/30/2026 Financial liabilities (FV)1) 650.4 614.3 Avg. interest debt2) 3.47% 3.89% Avg. remaining term debt 3.15 years 2.78 years Net financial debt 577.
Slide 24: Comprehensive efficiency program on the way
PRESENTATION OF RESULTS Q1-Q3 2026 PALFINGER | 10/28/26 24 COMPREHENSIVE EFFICIENCY PROGRAM ON THE WAY EUR 25 million in structural costs are to be saved in 2026, in order to keep structural cost stable in 2027 despite inflation and growth. The 2027 measures package has largely been defined, and imp
Slide 25: nextGPO increases transparency through new segmentation
PRESENTATION OF RESULTS Q1-Q3 2026 PALFINGER | 10/28/26 25 NEXTGPO INCREASES TRANSPARENCY FOR OUR INVESTORS THROUGH NEW SEGMENTATION PALFINGER GROUP TODAY Other non-reportable segments Operating Segments Sales & Service Operations TAIL LIFTS HOLDING Effective as of 10/1/26 Other non-reportable segme
Slide 26: Outlook
OUTLOOK
Slide 27: Outlook
PRESENTATION OF RESULTS Q1-Q3 2026 PALFINGER | 10/28/26 27 OUTLOOK PALFINGER expects for the full year revenue slightly above and EBIT slightly below previous year. Net income will be impacted by re-valuation of CIS and Tail Lifts. As the write offs regarding CIS and Tail Lifts do not have any cash
Slide 28: Revenue target 2030 adjusted; EBIT margin and ROCE targets unchanged
PRESENTATION OF RESULTS Q1-Q3 2026 PALFINGER | 10/28/26 28 DISPOSAL OF TAIL LIFTS AND DECONSOLIDATION OF CIS ADJUSTS REVENUE TARGET 2030 - EBIT MARGIN AND ROCE TARGETS 2030 UNCHANGED EUR 2.8 billion 12% Revenue through EBIT margin organic growth 15% #1 ROCE FOR CRANE AND LIFTING SOLUTIONS
Slide 29: Lifetime
PALFINGER.COM
Slide 30: Appendix
APPENDIX
Slide 31: Financial calendar
PRESENTATION OF RESULTS Q1-Q3 2026 PALFINGER | 10/28/26 31 FINANCIAL CALENDAR 2026 PLACE DATE Roadshow Milan Milan 11/04/2026 42. MKK – Münchner Kapitalmarkt Konferenz Munich 11/11/2026 RBI & Oddo BHF Warsaw 11/24/2026 Berenberg European Conference London 12/01/2026 Goldman Sachs Global Industrials
Slide 32: We have a solution for every customer need
PRESENTATION OF RESULTS Q1-Q3 2026 PALFINGER | 10/28/26 32 WE HAVE A SOLUTION FOR EVERY CUSTOMER NEED Loader Cranes Timber and Marine Cranes Offshore Recycling Cranes Service Cranes Aerial Work Wind Cranes Boats and Platforms Davits Digital Solutions Hookloaders Truck Mounted Winches, Lifting and Sl
Slide 33: Resilience through industry diversity
PRESENTATION OF RESULTS Q1-Q3 2026 PALFINGER | 10/28/26 33 RESILIENCE THROUGH INDUSTRY DIVERSITY 7% 8% RENTAL 18% PRIVATE INFRASTRUCTURE HOUSING 9% FORESTRY More industries. 14% More opportunities. MARINE 11% WASTE MANAGEMENT 11% BUILDING 11% CONSTRUCTION PUBLIC SECTOR 11% & RAILWAY TRANSPORT & LOGI