Palfinger AG provided earnings guidance for the full year 2022. The company announced that the Ukraine crisis impacts due to its volume of business in Russia. The crisis also further intensifies the availability problems of trucks and components.

The company will therefore decrease its production volume in the coming weeks, with a corresponding negative impact on revenue and profitability. The EBIT in 2022 will, as a result, be significantly below the EBIT achieved in record year 2021.