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palfinger at a glance

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Table of Contents<br />

Investor Rel<strong>at</strong>ions<br />

> search Print<br />

Book 1<br />

Book 2<br />

Book 3<br />

Book 4<br />

Book 5<br />

Book 6<br />

Book 7<br />

Book 8<br />

PALFINGER <strong>at</strong> a Glance<br />

Financial Highlights of the Palfinger Group 2<br />

How to Use this Annual Report 6<br />

Foreword by the CEO 7<br />

Mission St<strong>at</strong>ement 8<br />

Highlights of 2011 9<br />

Palfinger <strong>at</strong> a Glance 10<br />

Str<strong>at</strong>egy and Value Management 12<br />

Definition of Performance Indic<strong>at</strong>ors 17<br />

Index 18<br />

General Inform<strong>at</strong>ion 19<br />

Investor Rel<strong>at</strong>ions 21<br />

Corpor<strong>at</strong>e Governance Report<br />

Inform<strong>at</strong>ion According to Sec. 243b of the Business Code 32<br />

Governing Bodies 32<br />

Remuner<strong>at</strong>ion Report 38<br />

Code of Corpor<strong>at</strong>e Governance 39<br />

Consolid<strong>at</strong>ed Management Report / Market Review<br />

Economic Background 44<br />

Industry Review 46<br />

Palfinger and its Competitors 51<br />

Customers and Suppliers 53<br />

Consolid<strong>at</strong>ed Management Report / Performance of PALFINGER<br />

Business Development in 2011 60<br />

Significant Changes 61<br />

Legal Changes within the Palfinger Group 63<br />

Inform<strong>at</strong>ion According to Sec. 243a of the Business Code 64<br />

Financial Position, Cash Flows and Result of Oper<strong>at</strong>ions 66<br />

Treasury 69<br />

Risk Report 70<br />

Research, Development and Innov<strong>at</strong>ion 77<br />

Value Cre<strong>at</strong>ion 81<br />

Human Resources 84<br />

Sustainability 86<br />

Consolid<strong>at</strong>ed Management Report / Segments and Outlook<br />

Performance by Segment 92<br />

Key Events after the Balance Sheet D<strong>at</strong>e 98<br />

Outlook 99<br />

Consolid<strong>at</strong>ed Financial St<strong>at</strong>ementS<br />

Consolid<strong>at</strong>ed Financial St<strong>at</strong>ements for the Year Ended 31 DEC 2011 103<br />

St<strong>at</strong>ement of Legal Represent<strong>at</strong>ives 173<br />

Auditor’s Report 174<br />

Report of the Supervisory Board 176<br />

The WorlD of Palfinger 179<br />

Companies of the Palfinger Group<br />

Corpor<strong>at</strong>e Loc<strong>at</strong>ions of the Palfinger Group<br />

22 <strong>palfinger</strong> Annual Report 2011

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