Palfinger AG provided earnings guidance for the first quarter of 2020. For the first quarter 2020, the company profitability in the first quarter of 2020 is expected to be significantly below the outstanding level of the first quarter of 2019. Reasons for this are changes in the regional and product mix, higher structural costs in connection with the growth strategy as well as current negative market influences. The reduced profitability in the first quarter will have a corresponding impact on the result for the first half of 2020. Despite the expected decline in earnings in the first quarter, management expects a solid fiscal year 2020. The target of increasing sales to EUR 2 billion by 2022 remains unchanged.