“Due to the successful work of the entire team worldwide, we got off to a strong start in the new financial year and are therefore optimistic about the further course of the year, despite the continuing major challenges,” CEO Lars Brzoska is quoted as saying in the company’s announcement.
As has been known since the end of April, the forklift manufacturer increased its operating profit significantly faster than sales: EBIT climbed by 54 percent to 120 million euros, while sales rose by 22 percent to 1.29 billion euros. The EBIT margin was 9.3 (previous year: 7.3) percent. Profit after tax climbed by 79 percent to 88 million, earnings per share to 0.88 (0.49) euros. Order intake increased marginally by 1.3 percent to 1.35 billion euros.
For the year as a whole, the Hamburg-based company expects incoming orders of between EUR 5.0 billion and EUR 5.4 billion. Group sales should be between 5.1 billion and 5.5 billion euros. Jungheinrich expects EBIT of between 400 million and 450 million euros and earnings before taxes of between 370 million and 420 million euros. Jungheinrich raised the forecast for 2023 at the end of April when it presented the key figures for the first quarter.
The Jungheinrich share was initially in the red in XETRA trading, but then exceeded the zero line and at times gained 0.95 percent to 34.12 euros.
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