Jungheinrich on growth trajectory
Q1 2019: revenue +9 %, incoming orders +11 %
EBIT, EBT and profit or loss above same quarter of the previous year
Orders on hand as of end of March: +9 % compared to end of 2018
Forecast for 2019 confirmed
Jungheinrich again continued to grow in the first quarter of the 2019 financial year. Despite an increasingly challenging market, incoming orders, revenue and all results were increased compared with the same period of the previous year.
Dr Volker Hues, CFO of Jungheinrich AG: “We have continued the success of the previous year. With a revenue growth of 9 per cent, we made a strong start to 2019. In this quarter, we have seen initial downward trends in individual regions of the world market. Based on the persistent geopolitical and economic challenges, we assume that we will not be able to continue this growth throughout the entire year. The forecast for 2019 is confirmed in all key figures.”
At a glance
Jungheinrich Group | Q1 2019 | Q1 2018 | Change % | Year 2018 | |
Incoming orders | units | 33,200 | 32,500 | 2.2 | 131,000 |
€ million | 1,021 | 922 | 10.7 | 3,971 | |
Orders on hand 31 Mar/31 Dec | € million | 987 | 783 | 26.1 | 907 |
Production of material handling equipment | units | 29,100 | 30,000 | -3.0 | 121,000 |
Revenue | € million | 948 | 872 | 8.7 | 3,796 |
Earnings before interest and taxes (EBIT) | € million | 59.6 | 57.9 | 2.9 | 275 |
EBIT return on sales (EBIT ROS)1 | % | 6.3 | 6.6 | -- | 7.2 |
Earnings before taxes (EBT) | € million | 56.5 | 51.2 | 10.4 | 249 |
EBT return on sales (EBT ROS)2 | % | 6.0 | 5.9 | -- | 6.6 |
Profit or loss | € million | 40.7 | 37.4 | 8.8 | 176 |
Earnings per preferred share | € | 0.41 | 0.38 | 7.9 | 1.73 |
Employees 31 Mar/ 31 Dec | FTE3 | 18,039 | 16,904 | 6.7 | 17,877 |
- EBIT/revenue x 100
- EBT/revenue x 100
- FTE = full-time equivalents
Further information and details on market performance and business growth in the first three months of 2019 can be found in the interim statement (pursuant to Section 51a of the Frankfurt Stock Exchange Regulations).
About Jungheinrich
Founded in 1953, Jungheinrich ranks among the world’s leading solutions providers for the intralogistics sector. With a comprehensive portfolio of material handling equipment, logistics systems and services, Jungheinrich is able to offer customers tailored solutions for the challenges posed by Industry 4.0. The Hamburg-based Group is represented worldwide in 40 countries with its own direct sales companies and in approximately 80 other countries through partner companies. Jungheinrich employs 18,000 people worldwide and generated consolidated revenue of €3.8 billion in 2018. The Jungheinrich share is listed on the SDAX.