PALFINGER Reports Q1-Q3 2026 Results and Strategic Portfolio Adjustments

Palfinger AG reported revenue of EUR 1,616.7 million and EBIT of EUR 120.7 million for the first three quarters of 2026. It is expanding its efficiency program to target EUR 50 million in savings by 2028 amid weak conditions in Germany and investment hesitation in the U.S., and has agreed to sell its Tail & Passenger Lift business. A non-cash impairment of about EUR 135 million on Russian assets reduced the consolidated net result but did not affect EBIT or cash flow. For full-year 2026, management expects revenue to be slightly higher and EBIT slightly lower than the previous year.