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Palfinger Sees Sales Matching Last Year’s, Euro am Sonntag Says

Palfinger AG, the Austrian crane maker, expects sales in 2012 to match or exceed last year’s 850 million euros ($1.04 billion), Euro am Sonntag quoted Chief Executive Officer Herbert Ortner as saying in an interview.

The declining sales in countries affected by the euro area’s debt crisis is being offset by the Americas and Russia, the German weekly quoted Ortner as saying. Bergheim, Austria-based Palfinger is aiming for an operating margin of between 7 percent and 8 percent, Ortner told the newspaper.

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