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Growth continues at Jungheinrich

Hans-Georg Frey (pictured)
Chairman of the Board of Management, Jungheinrich AG
Growth continues at Jungheinrich
Jungheinrich has continued its strong growth, again achieving its forecast targets, despite geopolitical and economic challenges. Last year the company made significant strides towards achieving its strategic growth target of €4 billion in revenue in financial year 2020, with revenue of €3.80 billion and incoming orders of €3.97 billion. EBIT climbed by €16 million to €275 million and the EBIT return on sales (EBIT ROS) came to 7.2 per cent. New truck business in its European core market in particular as well as Asia, and also logistics systems solutions, are driving this positive performance.

Hans-Georg Frey, Chairman of the Board of Management of Jungheinrich AG:
“We are keeping our promise. 2018 saw Jungheinrich grow significantly for the ninth year in succession. Our strategy is working!

This is the result of our innovative products and solutions, as well as our strategic positioning. In 2018, for instance, we presented the world’s first reach truck with a built-in lithium-ion battery and the most powerful small parts stacker crane in its class. We are also building on our energy expertise; almost all our trucks sold in 2018 are battery-powered.

We will continue on this path during the current financial year. Our substantial orders on hand form a good basis for this. We can report a positive performance for the first two months of 2019: incoming orders by value increased by 14 per cent year-on-year (from €584 million to €663 million), incoming orders by units were up by 4 per cent (from 20,700 to 21,500) and revenue by 9 per cent (from €562 million to €613 million). We are therefore cautiously optimistic about 2019, even though we expect the pace of market growth to slow. For the current financial year, we expect to see incoming orders reach €4.05 billion to €4.20 billion, and to generate revenue of between €3.85 billion and €4.05 billion. We estimate that EBIT will be between €275 million and €295 million. This means that we are already within reach of achieving the growth objective of our 2020 strategy.”

The Annual Report 2018 and further information can be found at www.jungheinrich.com.