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search Print Performance by Segment conSolidated MANAGEMENT REPORT / Segments and Outlook VENTURES The VENTURES unit is still composed of all major strategic projects for the future pursued by the PALFINGER Group up to their operational maturity, and the costs of such projects are reported in this unit. 0 (2,500) (5,000) (7,500) (10,000) (12,500) 2009 2010 2011 (4,230) (7,746) Development of unit EBit (EUR thousand) (10,301) Significant changes, ContinUAtion of market expansion Page 62 BusineSS development in 2011 In 2011, numerous projects, particularly in the areas CIS, Asia and Pacific, and India, were coordinated under the VENTURES unit. With the takeover of the Russian crane producer INMAN, a major growth project for the PALFINGER Group in the area CIS was successfully completed in the third quarter of 2011. A priority in 2011 was the preparation of the preferred strategy for the Group’s further positioning in China. PALFINGER is proceeding on the assumption that China is going to become the largest market for its products within a few years. In order to maintain its global leading position, it is therefore important, for several reasons, that PALFINGER become considerably more active in this growth market, apart from the existing plant in Shenzhen. PALFINGER has been holding talks with potential Chinese partners for some time now in this connection. The projects included in the VENTURES unit do not generate revenue. The unit’s EBIT for 2011 amounted to –EUR 10.3 million, compared to –EUR 7.7 million in 2010. The year-on-year increase in expenses reflects the fact that the PALFINGER Group consistently promotes its projects for the future. EUR thousand Q1 2010 Q2 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Q3 2011 Q4 2011 Unit EBIT (1,584) (1,861) (1,744) (2,557) (1,772) (2,539) (2,650) (3,340) Share in the consolidated net result for the period in % of Group 2011 EUR thousand 2010 EUR thousand EBITDA (10.6%) (10,301) (7,746) EBIT (15.2%) (10,301) (7,746) Average payroll during reporting period * 1.0% 57 24 * Consolidated Group companies excluding equity shareholdings and temporary workers. palfinger Annual Report 2011 97
Key Events After the Balance Sheet Date conSolidated MANAGEMENT REPORT / Segments and Outlook > search Print Key Events After the Balance Sheet Date After the end of the 2011 financial year, there have been no material post-reporting events. 98 palfinger Annual Report 2011
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suchen drucken Inhalt PALFINGER auf
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search Print We Remain Flexible in
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search Print Financial Highlights o
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search Print Foreword by the CEO pa
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search Print Highlights of 2011 pal
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• TELESCOPIC CRANES WE ENABLE OUR
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search Print Strategy and Value Man
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search Print Strategy and Value Man
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search Print Definition of Performa
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search Print General Information pa
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search Print Flexible and Stable -
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search Print Highlights Investor Re
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search Print Investor Relations pro
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We are Prompt in Reacting to Change
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search Print Governing Bodies Corpo
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Governing Bodies Corporate Governan
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Remuneration Report Corporate Gover
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www.palfinger.com Palfinger AG Fran
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Table of Contents Consolidated Mana
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Economic Background Consolidated Ma
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Page 107 and 108: conSolidated INCOME Statement CONSo
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NOTES TO THE CONSOLIDATED FINANCIAL
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AUDITOR’S REPORT > search Print A
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Report of the Supervisory Board > s
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Companies of the PALFINGER Group >
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