Jungheinrich Maintains Strong Course for Growth

News provided by

Jungheinrich AG

10 May, 2016, 05:30 GMT

HAMBURG, Germany, May 10, 2016 /PRNewswire/ --

  • Q1 incoming orders up 13 per cent in value (755 million euros) and up 12 per cent in units (27,500 trucks) 
  • At 667 million, net sales up 8 per cent 
  • Orders on hand close March 20 per cent higher than at the end of 2015 
  • Forecast for 2016 unchanged

The Jungheinrich Group stayed its successful course for growth in the first quarter of the 2016 financial year. Following all-time highs in fiscal 2015, incoming orders, net sales and EBIT in the first three months of 2016 were increased substantially compared to the same period last year. 

Dr. Volker Hues, CFO of Jungheinrich AG: "The first three months of 2016 have demonstrated that we are right on schedule and maintaining our course for growth with resolve. We outperformed both the market and the relevant competition yet again. The very good incoming orders and high level of orders on hand, resulting in an order reach of nearly five months, give us reason to have a positive outlook on 2016. On this basis, we uphold the forecast for the current fiscal year, envisaging net sales of 2.9 to 3.0 billion euros and EBIT between 220 and 230 million euros."

At a glance 

   
                                                               Q1     Q1    Change    Year
    Jungheinrich Group                                       2016   2015      in %    2015
    Incoming orders                           million EUR     755    666      13.4   2,817
                                              units        27,500 24,500      12.2  97,100
    Net sales                                 million EUR     667    620       7.6   2,754
    Orders on hand
    03/31; 12/31                              million EUR     573    451      27.1     477
    Production of material handling equipment units        24,000 22,200       8.1  91,200
    Earnings before interest and taxes (EBIT) million EUR    45.8   42.3       8.3   213.1
    EBIT return on sales

    (EBIT ROS)[1]                             %               6.9    6.8         -     7.7
    Earnings before taxes (EBT)               million EUR    40.2   39.4       2.0   198.3
    EBT return on sales

    (EBT ROS)[2]                              %               6.0    6.4         -     7.2
    Net income                                million EUR    28.3   27.6       2.5   137.6
    Earnings per preferred share              EUR            0.86   0.84       2.4    4.08
    Employees 03/31; 12/31                    FTE[3]       14,205 12,740      11.5  13,962
  1. EBIT / net sales x 100.
  2. EBT / net sales x 100.
  3. FTE = full-time equivalents.

Further information and details regarding the development of the market and business in the first three months of 2016 can be found in the interim statement (pursuant to Section 51a of the Frankfurt Stock Exchange Regulations) on http://www.jungheinrich.de 

Jungheinrich ranks among the world's leading companies in the material handling equipment, warehousing and material flow engineering sectors. The company is an intralogistics service and solution provider with manufacturing operations, which offers its customers a comprehensive range of forklift trucks, logistics systems, services and advice. Jungheinrich shares are listed in the MDAX.

Please address press-related inquiries to: 

Jungheinrich AG, Dr. Alexander de Grahl, Head of Corporate Communications

Phone: +49-40-6948-1296, Fax: 040-6948-1599, alexander.degrahl@jungheinrich.de

http://www.jungheinrich.com