Live News EQUITY ARTICLE M impact Sep 30, 2026, 09:39 AM UTC

Palfinger AG writes down Russian business, prepares deconsolidation

Palfinger AG said it will recognise an impairment loss of about EUR 135 million in Q3 2026 related to its Russian assets. It expects the deconsolidation to further affect net income in coming quarters through currency translation reserve effects.

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SquawkNews Newsroom 2 updates Updated Sep 30, 2026, 09:40 AM UTC

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09:39:57 AM UTC

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Palfinger forecast Q1—Q3 2026 EBIT of about EUR 120 million, down from EUR 130.7 million a year earlier. Guidance follows a plan to ring-fence Russian holdings, preparing a deconsolidation that triggers an EUR 135 million impairment in Q3 2026. Impairment will be shown in discontinued operations, not EBIT, cutting net income. Deconsolidation could further hit net income by about EUR 45 million from the currency translation adjustment, depending on FX moves. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Palfinger AG published the original content used to generate this news brief via EQS News (Ref. ID: adhoc_2407820_de) on September 30, 2026, and is solely responsible for the information contained therein. (C)

09:40:02 AM UTC

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Palfinger will deconsolidate its Russian entities through a ring-fencing legal structure, triggering an accounting impairment in Q3 2026. Impairment loss on Russian assets set at about EUR 135 million, booked outside EBIT in discontinued operations, cutting net income. EBIT expected around EUR 120 million for Q1—Q3 2026 versus EUR 130.7 million a year earlier. Deconsolidation expected to hit net income further via the currency translation reserve, currently estimated at about EUR 45 million. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Palfinger AG published the original content used to generate this news brief via EQS News (Ref. ID: adhoc_2407820_en) on September 30, 2026, and is solely responsible for the information contained therein. (C)

EQS-Ad-hoc: Palfinger AG / Key word(s): Profit Warning PALFINGER AG: Write-down of the Russian business and preparation for deconsolidation 30-Sep-2026 / 11:32 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by 1 EQS News — a service of 2 EQS Group. The issuer is solely responsible for the content of this announcement. e.

the existing organizational independence — which will result in the Russian entities being deconsolidated. As a result, an impairment loss concerning the assets in Russia amounting to approximately EUR 135 million will have to be recognized in Q3 2026. 7 million). Under the applicable accounting standards, the impairment effect is not recognized in EBIT but is reported separately as result from discontinued operations.

Consequently, the write-down will reduce net income. As a result of the deconsolidation, net income is expected to be further significantly impacted in the coming quarters in connection with the currency translation reserve. The amount of this effect depends on currency developments and would currently be around EUR 45 million. com Internet: ISIN: AT0000758305 Listed: Vienna Stock Exchange (Official Market) LEI Code: 529900IFAV83BX8O1O91 EQS News ID: 2407820 End of Announcement EQS News Service 2407820 30-Sep-2026 CET/CEST References Visible links 1.

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