Declared Dividend • Mar 23
Dividend of €0.90 announced Dividend of €0.90 is the same as last year. Ex-date: 10th April 2026 Payment date: 15th April 2026 Dividend yield will be 2.7%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 9.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 59% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Major Estimate Revision • Mar 09
Consensus EPS estimates fall by 13% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from €3.31 to €2.88. Revenue forecast unchanged from €2.43b at last update. Net income forecast to grow 9.8% next year vs 21% growth forecast for Machinery industry in Austria. Consensus price target of €42.98 unchanged from last update. Share price fell 9.3% to €34.25 over the past week. Reported Earnings • Mar 06
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: €2.69 (down from €2.88 in FY 2024). Revenue: €2.34b (flat on FY 2024). Net income: €96.7m (down 3.3% from FY 2024). Profit margin: 4.1% (down from 4.2% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.6%. Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Machinery industry in Europe. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 3% per year. New Risk • Jan 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 4.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (67% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (4.5% average weekly change). Announcement • Dec 09
Palfinger AG, Annual General Meeting, Apr 08, 2026 Palfinger AG, Annual General Meeting, Apr 08, 2026. Reported Earnings • Oct 29
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: €0.60 (down from €0.65 in 3Q 2024). Revenue: €544.7m (down 4.4% from 3Q 2024). Net income: €22.3m (flat on 3Q 2024). Profit margin: 4.1% (up from 3.9% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 7.4%. Earnings per share (EPS) also missed analyst estimates by 10%. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Machinery industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Sep 17
Price target increased by 7.3% to €43.98 Up from €41.00, the current price target is an average from 5 analysts. New target price is 25% above last closing price of €35.15. Stock is up 60% over the past year. The company is forecast to post earnings per share of €2.93 for next year compared to €2.88 last year. Announcement • Aug 01
Palfinger AG announced that it has received €100.058666 million in funding On July 31, 2025, Palfinger AG closed the transaction. Reported Earnings • Jul 27
Second quarter 2025 earnings: EPS exceeds analyst expectations Second quarter 2025 results: EPS: €0.81 (down from €1.03 in 2Q 2024). Revenue: €587.0m (down 1.7% from 2Q 2024). Net income: €28.1m (down 21% from 2Q 2024). Profit margin: 4.8% (down from 6.0% in 2Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 21%. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Machinery industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Jul 11
Price target increased by 8.5% to €41.00 Up from €37.80, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of €39.45. Stock is up 76% over the past year. The company is forecast to post earnings per share of €2.97 for next year compared to €2.88 last year. Price Target Changed • Jul 08
Price target increased by 8.2% to €38.40 Up from €35.50, the current price target is an average from 5 analysts. New target price is 5.9% above last closing price of €36.25. Stock is up 67% over the past year. The company is forecast to post earnings per share of €2.95 for next year compared to €2.88 last year. Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €34.45, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Machinery industry in Europe. Total returns to shareholders of 62% over the past three years. New Risk • Jun 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (89% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.3% average weekly change). Price Target Changed • May 28
Price target increased by 9.6% to €37.80 Up from €34.50, the current price target is an average from 5 analysts. New target price is 25% above last closing price of €30.20. Stock is up 29% over the past year. The company is forecast to post earnings per share of €2.95 for next year compared to €2.88 last year. Price Target Changed • Apr 28
Price target increased by 7.5% to €34.50 Up from €32.10, the current price target is an average from 5 analysts. New target price is 18% above last closing price of €29.35. Stock is up 37% over the past year. The company is forecast to post earnings per share of €2.80 for next year compared to €2.88 last year. Reported Earnings • Apr 28
First quarter 2025 earnings released: EPS: €0.63 (vs €0.94 in 1Q 2024) First quarter 2025 results: EPS: €0.63 (down from €0.94 in 1Q 2024). Revenue: €552.5m (down 4.5% from 1Q 2024). Net income: €22.0m (down 33% from 1Q 2024). Profit margin: 4.0% (down from 5.6% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. New Risk • Apr 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 5.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (81% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.7% average weekly change). Upcoming Dividend • Mar 31
Upcoming dividend of €0.90 per share Eligible shareholders must have bought the stock before 07 April 2025. Payment date: 10 April 2025. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Austrian dividend payers (5.7%). Lower than average of industry peers (4.3%). Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €31.60, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 16x in the Machinery industry in Europe. Total returns to shareholders of 44% over the past three years. Price Target Changed • Mar 13
Price target increased by 12% to €30.10 Up from €26.90, the current price target is an average from 5 analysts. New target price is 9.3% above last closing price of €27.55. Stock is up 16% over the past year. The company is forecast to post earnings per share of €2.51 for next year compared to €2.88 last year. Declared Dividend • Mar 07
Dividend reduced to €0.90 Dividend of €0.90 is 14% lower than last year. Ex-date: 7th April 2025 Payment date: 10th April 2025 Dividend yield will be 3.5%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 13% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 06
Palfinger AG announces Annual dividend, payable on April 10, 2025 Palfinger AG announced Annual dividend of EUR 0.9000 per share payable on April 10, 2025, ex-date on April 07, 2025 and record date on April 08, 2025. Price Target Changed • Feb 09
Price target increased by 8.7% to €25.40 Up from €23.38, the current price target is an average from 5 analysts. New target price is 12% above last closing price of €22.70. Stock is down 7.3% over the past year. The company is forecast to post earnings per share of €2.73 for next year compared to €3.10 last year. Price Target Changed • Jan 28
Price target decreased by 11% to €23.38 Down from €26.38, the current price target is an average from 4 analysts. New target price is 8.2% above last closing price of €21.60. Stock is down 11% over the past year. The company is forecast to post earnings per share of €2.59 for next year compared to €3.10 last year. Announcement • Jan 27
Palfinger AG, Annual General Meeting, Apr 03, 2025 Palfinger AG, Annual General Meeting, Apr 03, 2025. Buy Or Sell Opportunity • Dec 20
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to €18.52. The fair value is estimated to be €23.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 1.1% in 2 years. Earnings are forecast to decline by 13% in the next 2 years. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: €0.65 (vs €0.80 in 3Q 2023) Third quarter 2024 results: EPS: €0.65 (down from €0.80 in 3Q 2023). Revenue: €569.6m (down 2.5% from 3Q 2023). Net income: €22.5m (down 19% from 3Q 2023). Profit margin: 3.9% (down from 4.7% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Europe. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Price Target Changed • Oct 10
Price target decreased by 12% to €26.38 Down from €29.88, the current price target is an average from 4 analysts. New target price is 25% above last closing price of €21.10. Stock is down 3.0% over the past year. The company is forecast to post earnings per share of €2.24 for next year compared to €3.10 last year. Reported Earnings • Jul 28
Second quarter 2024 earnings: EPS exceeds analyst expectations Second quarter 2024 results: EPS: €1.03 (down from €1.08 in 2Q 2023). Revenue: €596.9m (down 4.2% from 2Q 2023). Net income: €35.8m (down 5.0% from 2Q 2023). Profit margin: 6.0% (in line with 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 78%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Machinery industry in Europe. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 28
First quarter 2024 earnings released: EPS: €0.94 (vs €0.74 in 1Q 2023) First quarter 2024 results: EPS: €0.94 (up from €0.74 in 1Q 2023). Revenue: €578.5m (down 2.2% from 1Q 2023). Net income: €32.5m (up 27% from 1Q 2023). Profit margin: 5.6% (up from 4.3% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 08
Upcoming dividend of €1.05 per share Eligible shareholders must have bought the stock before 15 April 2024. Payment date: 18 April 2024. Payout ratio is a comfortable 34% and the cash payout ratio is 86%. Trailing yield: 4.6%. Lower than top quartile of Austrian dividend payers (5.8%). Higher than average of industry peers (2.8%). Reported Earnings • Mar 07
Full year 2023 earnings: EPS in line with analyst expectations despite revenue beat Full year 2023 results: EPS: €3.10 (up from €2.05 in FY 2022). Revenue: €2.45b (up 9.9% from FY 2022). Net income: €107.7m (up 51% from FY 2022). Profit margin: 4.4% (up from 3.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to stay flat during the next 2 years compared to a 3.9% growth forecast for the Machinery industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Mar 07
PALFINGER Launches PAL Pro 58 Mechanics Truck and PSC 8600 TEC Service Crane PALFINGER introduced its latest products, the PAL Pro 58 Mechanics Truck and PSC 8600 TEC Service Crane, exclusively at Work Truck Week in Indianapolis, Indiana. This launch highlights PALFINGER's commitment to excellence and its dedication to serving the North American market with unparalleled innovation. Optimized for Class 5 chassis applications, the PAL Pro 58 and PSC 8600 TEC Service Crane are engineered to deliver extended reach, weight reduction, and superior performance. The PAL Pro 58 represents a leap forward in mechanics truck design. Manufactured with 12-gauge all A-60 galvanneal steel and a hybrid torsion box, the PAL Pro 58 effectively eliminates frame and side pack deflection. It also features a comprehensive 12-step e-coat process offering the best corrosion protection available today. Available in 11 ft. body configurations, the PAL Pro 58 is designed to cater to a wide range of service truck needs. It includes bolt-on mounting locations for essential accessories such as compressors and welders, headache racks, and toolboxes. Additionally, it boasts improved lighting packages to support remote work and nighttime operations. With an 8,600 lb. lift capacity and a 58,000 ft. lbs. moment rating, both the PAL Pro 58 and the PSC 8600 TEC Service Crane continue PALFINGER's tradition of integrating advanced safety features. The PSC 8600 TEC Service Crane's innovative design relocates the winch to a boom-mounted position, streamlining operation and addressing cable concerns, while the integrated overload protection system ensures operational reliability. The inclusion of Load Moment Indication (LMI) as a standard feature in this new PALFINGER service crane provides operators with real-time load-on-hook information, enhancing safety and efficiency. The PSC 8600 TEC Service Crane is available in 22 ft. and 31 ft. of reach. Two interchangeable proportional remote control styles are also available to fit the operator's preference. Engineered with a deep understanding of the North American market's unique needs, PALFINGER's latest products are developed through direct engagement with end-users, ensuring that every feature addresses real-world requirements. Brian Heffron, PALFINGER North America Vice President for Sales and Service, Service Cranes and Crane Bodies, emphasized the collaborative efforts in the design process of the new PAL Pro 58 and PSC 8600 TEC Service Crane. "We recognize the unique challenges faced by field mechanics and operators. Their inputs are invaluable in ensuring that these products can surpass their needs for productivity and efficiency, especially under tough conditions. They're designed to excel in job sites where only the most reliable equipment can succeed." With a rich history of over 90 years in crane design and manufacturing, PALFINGER's latest innovations are set to redefine the standards in the North American service crane and crane bodies industry, underpinning the company's ambition to be number one in the region's lifting industry. New Risk • Jan 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Austrian stocks, typically moving 4.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (4.7% average weekly change). Earnings are forecast to decline by an average of 6.1% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows. Price Target Changed • Nov 03
Price target decreased by 8.5% to €29.63 Down from €32.38, the current price target is an average from 4 analysts. New target price is 30% above last closing price of €22.80. Stock is down 7.5% over the past year. The company is forecast to post earnings per share of €3.06 for next year compared to €2.05 last year. New Risk • Oct 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 4.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (4.2% average weekly change). Announcement • Oct 14
Palfinger AG Appoints Maria Koller to the Executive Board as CHRO The former Executive Vice President Global HR at Jenoptik will take over HR and Legal Affairs on the PALFINGER AG Executive Board on January 8, 2024. As a result, Maria Koller will be largely responsible for the focus and positioning of the company in an increasingly demanding job market. Maria Koller is the ideal candidate for this task, based on experience gained in HR matters at Alcatel in Austria, Danaher in Great Britain and Germany, at Magna Europe and since 2017 in a central position at the listed technology group Jenoptik," explains Palfinger. Among other things, Maria Koller will focus on employee development, training and further education, as well as change management. By joining PALFINGER's executive board as CHRO (Chief Human Resources Officer), Maria Koller, in close cooperation with CEO Andreas Klauser, CFO Felix Strohbichler and COO Alexander Susanek, will drive forward the company's positioning as a future-oriented, attractive employer and contribute significantly to the implementation of Strategy 2030. Maria Koller (51) studied business psychology at the University of Vienna and began her professional career as an HR expert at Alcatel in 1998. Following jobs in Austria, Germany and France and at various companies in the Danaher Group Europe, she worked from 2014 as Vice President HR Global Interiors at automotive supplier Magna. From 2017, Maria Koller was responsible for the entire HR department of the globally active high-tech group Jenoptik. Price Target Changed • Sep 14
Price target decreased by 8.3% to €32.38 Down from €35.30, the current price target is an average from 4 analysts. New target price is 35% above last closing price of €24.05. Stock is up 1.1% over the past year. The company is forecast to post earnings per share of €3.06 for next year compared to €2.05 last year. Price Target Changed • Aug 17
Price target decreased by 13% to €32.90 Down from €37.70, the current price target is an average from 5 analysts. New target price is 32% above last closing price of €25.00. Stock is down 0.8% over the past year. The company is forecast to post earnings per share of €3.06 for next year compared to €2.05 last year. Buying Opportunity • Aug 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be €31.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 4.1% in 2 years. Earnings is forecast to grow by 22% in the next 2 years. Reported Earnings • Jul 30
Second quarter 2023 earnings released: EPS: €1.08 (vs €0.68 in 2Q 2022) Second quarter 2023 results: EPS: €1.08 (up from €0.68 in 2Q 2022). Revenue: €623.3m (up 13% from 2Q 2022). Net income: €37.7m (up 47% from 2Q 2022). Profit margin: 6.0% (up from 4.6% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jul 19
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be €33.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 7.5% in 2 years. Earnings is forecast to grow by 41% in the next 2 years. Buying Opportunity • Jul 03
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €34.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 7.5% in 2 years. Earnings is forecast to grow by 41% in the next 2 years. Buying Opportunity • May 10
Now 20% undervalued Over the last 90 days, the stock is up 4.8%. The fair value is estimated to be €37.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 5.2% in 2 years. Earnings is forecast to grow by 43% in the next 2 years. Price Target Changed • Apr 18
Price target increased by 7.4% to €36.50 Up from €34.00, the current price target is an average from 6 analysts. New target price is 23% above last closing price of €29.65. Stock is up 25% over the past year. The company is forecast to post earnings per share of €2.54 for next year compared to €2.05 last year. Upcoming Dividend • Mar 27
Upcoming dividend of €0.77 per share at 2.7% yield Eligible shareholders must have bought the stock before 03 April 2023. Payment date: 06 April 2023. Payout ratio is a comfortable 38% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of Austrian dividend payers (6.0%). Lower than average of industry peers (3.1%). Buying Opportunity • Mar 13
Now 22% undervalued Over the last 90 days, the stock is up 28%. The fair value is estimated to be €38.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 5.3%. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings is also forecast to grow by 18% per annum over the same time period. Price Target Changed • Feb 28
Price target increased by 13% to €36.00 Up from €32.00, the current price target is an average from 6 analysts. New target price is 14% above last closing price of €31.50. Stock is up 21% over the past year. The company is forecast to post earnings per share of €2.26 for next year compared to €2.05 last year. Reported Earnings • Feb 25
Full year 2022 earnings: EPS in line with analyst expectations despite revenue beat Full year 2022 results: EPS: €2.05 (down from €2.31 in FY 2021). Revenue: €2.23b (up 21% from FY 2021). Net income: €71.4m (down 18% from FY 2021). Profit margin: 3.2% (down from 4.7% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 10% per year. Price Target Changed • Feb 20
Price target increased by 8.5% to €34.00 Up from €31.33, the current price target is an average from 6 analysts. New target price is 15% above last closing price of €29.50. Stock is up 5.5% over the past year. The company is forecast to post earnings per share of €2.04 for next year compared to €2.31 last year. Buying Opportunity • Jan 20
Now 23% undervalued Over the last 90 days, the stock is up 18%. The fair value is estimated to be €33.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.9% over the last 3 years. Earnings per share has grown by 5.9%. Revenue is forecast to grow by 5.2% in 2 years. Earnings is forecast to grow by 48% in the next 2 years. Major Estimate Revision • Nov 18
Consensus EPS estimates increase by 13% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from €2.05b to €2.10b. EPS estimate increased from €1.76 to €1.99 per share. Net income forecast to grow 21% next year vs 12% growth forecast for Machinery industry in Austria. Consensus price target broadly unchanged at €31.42. Share price was steady at €24.85 over the past week. Price Target Changed • Oct 13
Price target decreased to €29.93 Down from €33.00, the current price target is an average from 6 analysts. New target price is 55% above last closing price of €19.30. Stock is down 51% over the past year. The company is forecast to post earnings per share of €1.88 for next year compared to €2.31 last year. Reported Earnings • Jul 30
Second quarter 2022 earnings: EPS and revenues exceed analyst expectations Second quarter 2022 results: EPS: €0.68 (down from €0.84 in 2Q 2021). Revenue: €553.4m (up 16% from 2Q 2021). Net income: €25.6m (down 19% from 2Q 2021). Profit margin: 4.6% (down from 6.6% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Over the next year, revenue is forecast to stay flat compared to a 14% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. 
