FRANKFURT (Dow Jones) — Jungheinrich AG performed better than analysts expected last year and intends to pay shareholders a stable dividend. As can be seen from the annual report, sales rose by a good 12 percent to 4.76 billion euros. The operating result (EBIT) increased the forklift manufacturer by a good 7 percent to 386 million euros, the margin fell accordingly to 8.1 from 8.5 percent in the previous year.
Analysts only gave the company a consensus of sales of 4.70 billion euros and an EBIT of 365 million euros.
According to the other information, the profit after taxes was marginally above the previous year’s value of 267 million euros at 270 million euros. In view of this development, the Hamburg-based company intends to pay shareholders a stable dividend of EUR 0.68 per preferred share and EUR 0.66 per common share.
For the current year, the company is aiming for incoming orders of EUR 4.8 billion to EUR 5.2 billion (previous year: EUR 4.79 billion). Sales should be between 4.9 billion and 5.3 billion euros. According to Jungheinrich’s expectations, EBIT should reach the range of EUR 350 million to EUR 400 million, with a corresponding margin of between 7.3 and 8.1 percent.
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(END) Dow Jones Newswires
March 31, 2023 01:50 ET (05:50 GMT)
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