Die Jungheinrich AG mit Stammsitz in Hamburg © Jungheinrich AG

Jungheinrich continues on growth course

Jungheinrich AG's increases expenditure on research and development in strong first-half

Jungheinrich AG, based in Hamburg, can look back on a record-breaking first half year and is expecting significant growth over the same period in 2017, according to its half-yearly report. The intralogistics company specialising in industrial trucks and warehousing technology is expecting sales of around EUR 3.7 billion euros in the current fiscal year and orders amounting to EUR 3.85 billion.

New business and customer service driving growth

Consolidated sales rose to EUR 1.78 billion in the first half of the year. This corresponds to an increase in sales of 9 per cent over the same period last year. In addition, new orders across all business areas – new business, rental and used equipment as well as after-sales service – were 11 per cent higher than in the previous year at EUR 1.94 billion.

Commenting on the results, Hans-Georg Frey, Chairman of the Board of Management of Jungheinrich AG, noted: “We can draw a positive balance at the end of the first half of 2018. Despite the challenges such as sharply increased personnel costs and raw material prices as well as costs for the CeMAT, the industry’s leading trade fair, we have once again reached record levels for sales, incoming orders and EBIT. In addition, spending on research and development has increased noticeably. The main drivers of growth are new business and customer service. With a five-month order book, we are looking forward to the second half of the year.”

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