By Cecilia Butini 

Shares in Austrian crane maker Palfinger AG fell in opening trade Friday after the company issued a profit warning late Thursday reporting significant cost increases and supply-chain woes.

At 0824 GMT, Palfinger traded down 8.3% at EUR30.35

The company said it expects earnings before interest and taxes in the January-March and January-June periods to come in far below levels from the previous year, though it also said price increases in the second half of the year should be able to compensate for the fall in EBIT.

Analysts at Hauck Aufhaeuser said expected better development in the second half might not be enough to see a significant improvement in profitability levels.

"While top-line should be above 2021 levels due to strong demand and price increases, profitability is seen to remain on 2021 levels," the bank said.


Write to Cecilia Butini at


(END) Dow Jones Newswires

January 21, 2022 03:50 ET (08:50 GMT)

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