Jungheinrich remains on growth curve
• 1st quarter of 2017: incoming orders +15 percent in value, net sales +19 percent and production +21 percent compared with same time frame the previous year • Orders on hand up +11 percent at the end of March compared with end of 2016 • Forecast for 2017 unchanged The Jungheinrich Group maintained its successful growth trajectory in the first quarter of the 2017 financial year. After all-time high figures in fiscal 2016, incoming orders, net sales, production and EBIT all went up compared with the same period of time the previous year.
According to Dr. Volker Hues, CFO of Jungheinrich AG: “The first three months of 2017 have demonstrated we are on schedule and are resolutely maintaining our course for growth. The volume of incoming orders and the high level of orders on hand, resulting in an order reach of over four months, give us cause to have a positive outlook on 2017. On this basis we are upholding our forecast for the current fiscal year, anticipating net sales of €3.3 billion to €3.4 billion and EBIT of €250 million to €260 million.”
At a glance
Jungheinrich Group | Q1 2017 | Q1 2016 | Change % | Year 2016 | |
Incoming orders | million € | 869 | 755 | 15.1 | 3,220 |
| units | 31,000 | 27,500 | 12.7 | 109,200 |
Net sales | million € | 791 | 667 | 18.6 | 3,085 |
Orders on hand 03/31;12/31 | million € | 679 | 573 | 18.5 | 610 |
Production of material handling equipment | units | 29,100 | 24,000 | 21.3 | 106,300 |
Earnings before interest and taxes (EBIT) | million € | 56.4 | 45.8 | 23.1 | 235 |
EBIT return on sales (EBIT-ROS)1) | % | 7.1 | 6.9 | - | 7.6 |
Earnings before taxes (EBT) | million € | 52.8 | 40.2 | 31.3 | 216 |
EBT return on sales (EBT-ROS)2) | % | 6.7 | 6.0 | - | 7.0 |
Net income | million € | 38.0 | 28.3 | 34.3 | 154 |
Earnings per preferred share | € | 0.38 | 0.293) | 31.0 | 1.52 |
Employees 03/31; 12/31 | FTE4) | 15,198 | 14,205 | 7.0 | 15,010 |
1) EBIT / net sales x 100
2) EBT / net sales x 100
3) Prior-year figures retroactively restated due to the 1:3 stock split
4) FTE = full-time equivalents
Further information and details on market performance and business growth in the first three months of 2017 can be found in the interim statement (pursuant to Section 51a of the Frankfurt Stock Exchange Regulations).