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Jungheinrich Reports Good Start In 2015

Value of incoming orders up nine per cent, IO in terms of units up 22 per cen. Net sales increased by four per cent

In the first two months of the new financial year, the value of incoming orders in all business areas of Hamburg-based Jungheinrich AG totalled 418 million euro and was thus nine per cent higher than the 384 million euro recorded a year earlier. Incoming orders in new truck business in terms of units rose by 22 per cent to 15.8 thousand units in the first two months of the year. At 418 million euro, by the end of February 2015, orders on hand in new truck business exceeded the 379 million euro recorded as of December 31, 2014 by ten per cent.

Solid Growth In Europe And The U.S.

The global material handling equipment market encompassed 164.0 thousand forklifts at the end of February, virtually matching the year-earlier level (164.9 thousand trucks). Market volume in Europe, Jungheinrich’s main sales market, increased by eight per cent. Whereas the Asian market shrank by 14 per cent, the North American market grew by 13 per cent. The backdrop to the decline of the Asian market was the steep drop in demand for IC engine-powered counterbalanced trucks in China (down 33 per cent).

In the first two months of 2015, the Jungheinrich Group’s net sales totalled 391 million euro (prior year: 375 million euro) surpassing the year-earlier figure by 4 per cent. During the same period, production output fell by six per cent to 13.7 thousand forklifts as a result of the smaller number of manufacturing days.

Positive Economic Outlook

In light of the positive economic outlooks for nearly all of the regions in the world—above all for the Eurozone—Jungheinrich expects the volume of the global material handling equipment market to rise further in the year underway. Europe’s market volume should also display positive development. Demand in Western Europe may well continue to rise, albeit to a lesser degree than last year, whereas it should be flat in Eastern Europe. Jungheinrich anticipates that the Asian market will continue to grow as long as the Chinese market recovers over the course of the year. The North American market should also continue to expand.

“Based on these positive assessments, we expect 2015 incoming orders and consolidated net sales to range between 2.6 and 2.7 billion euro. On the basis of our estimates, EBIT for the current year should be between 190 and 200 million euro,” stated Hans-Georg Frey, Chairman of the Board of Management, at the annual press conference on 25 March 2015 in Hamburg.
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source and further details:
www.jungheinrich.de
Jahresbericht 2014: http://www.hamburg-news.hamburg/de/cluster/handel-finanzen/jungheinrich-legt-rekordzahlen-vor/

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