palfinger at a glance

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Financial Highlights of the PALFINGER Group
palfinger at a Glance
EUR thousand 2011 2010 2009 2008 2007
Income statement
Revenue 845,677 651,793 505,365 794,839 695,623
EBITDA 1) 96,764 59,887 18,483 102,446 121,031
EBITDA margin 11.4% 9.2% 3.7% 12.9% 17.4%
EBIT 1) 67,917 37,148 (2,983) 73,771 105,393
EBIT margin 8.0% 5.7% (0.6%) 9.3% 15.2%
Result before income tax 57,000 29,833 (11,860) 63,915 102,392
Consolidated net result for the period 41,955 24,225 (7,823) 43,907 73,978
Balance sheet
Total assets 739,774 677,431 587,973 641,331 531,761
Non-current operating assets 385,746 378,101 310,934 306,360 241,842
Net working capital (as at the reporting date) 2) 133,899 102,602 132,876 170,297 131,253
Capital employed (as at the reporting date) 2) 519,645 480,703 443,810 476,657 373,095
Equity 2) 352,780 319,891 292,277 309,885 295,056
Equity ratio 47.7% 47.2% 49.7% 48.3% 55.5%
Net debt 166,876 160,932 151,880 166,774 78,694
Gearing 47.3% 50.3% 52.0% 53.8% 26.7%
Cash flows and investment
Cash flows from operating activities 37,662 49,118 50,044 32,577 53,025
Free cash flows 11,695 4,166 41,979 (39,537) (23,246)
Investment in property, plant and equipment 18,615 14,582 7,992 46,515 61,444
Depreciation, amortization and impairment 28,847 22,739 21,466 28,675 15,638
Payroll
Average annual payroll 3) 5,600 4,671 4,517 4,664 3,925
Value creation
ROCE 11.1% 7.1% 0.0% 13.1% 25.7%
ROE 14.1% 8.9% (2.4%) 15.9% 29.1%
EVA 20,475 (3,308) (31,033) 26,044 54,502
wacc 7.0% 7.8% 7.0% 6.9% 8.2%
Share
Number of shares issued 35,730,000 35,730,000 35,730,000 35,730,000 37,135,000
Market capitalization 440,551 1,027,238 556,673 401,605 951,399
Price as at 31 December (EUR) 12.33 28.75 15.58 11.24 25.62
Earnings per share (EUR) 1.19 0.68 (0.22) 1.24 2.09
Operating cash flows per share (EUR) 1.06 1.39 1.41 0.92 1.50
Dividend per share (EUR) 0.38 4) 0.22 0.00 0.39 0.70
1) The presentation of earnings before interests and taxes was changed; the comparative figures of previous years were adjusted accordingly.
2) Due to the change in the presentation of puttable non-controlling interests, corrections with retrospective effect were made.
3) Consolidated Group companies excluding equity shareholdings, as well as excluding temporary workers.
4) Proposal for presentation to the Annual General Meeting.
palfinger Annual Report 2011
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