Palfinger breaks sales records and reports growth

Austrian load handling specialist, Palfinger, held its Annual General Meeting in Lengau on 20 March 2019, reporting €1.6 billion in sales and growth of 9.8 per cent for FY’18.

Palfinger has attributed this growth in operational profitability to its process and structure alignment strategy – Global Palfinger Organisation (GPO) – which it tackled when Andreas Klauser assumed the role of CEO in June 2018.

The new GPO structure, according to Palfinger, positions the load handling specialist to find new technologies from around the world and use better approaches to develop new solutions and services.

One example of this is Strucinspect, a digital inspection solution that reportedly uses “the latest data collection technology, 3D data processing, AI-assisted data analysis and targeted planning of measures to revolutionise maintenance in bridge construction, while also in its capacity as a promising joint venture, demonstrate added value that smart partnerships and comprehensive networks can generate for Palfinger customers”.

Palfinger is focused on digital transformation, namely fleet management with Fleet Monitor; and Smart Eye, data glasses, with Augmented Reality capabilities, for service technicians to connect with Palfinger specialists.

The Palfinger Group aims for 75 per cent of its electricity generation to be sourced from renewable sources by 2022.

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