Jungheinrich's 2016 Financial Year: Strong Growth - Forecast Fully Met

News provided by

Jungheinrich AG

22 Mar, 2017, 09:00 GMT

HAMBURG, Germany, March 22, 2017 /PRNewswire/ --

  • Incoming orders: +14%, net sales: +12% and net income: +12%  
  • EBIT: +10% to €235 million 
  • Production output: > 100,000 units for the first time 
  • Dividend proposal: +10% 
  • Start of 2017: double-digit growth 
  • Net sales forecast for 2017: €3.3-3.4 billion 

The Jungheinrich Group closed the 2016 financial year successfully, posting significant increases in all key performance indicators. The main growth drivers were new truck business and the 'Logistics Systems' division. New record highs were achieved in terms of incoming orders, net sales, production and all earnings figures. The key performance indicators were improved considerably in the first two months of the year, underway as well.  

Hans-Georg Frey, Chairman of the Board of Management of Jungheinrich AG: "We stayed our strong course for growth in 2016. For the first time, we surpassed the €3 billion mark in terms of both net sales and incoming orders. We outgrew our peer group and expanded our share of the global market. Jungheinrich is right on track towards achieving its strategic goal for 2020."

"In 2016, the Group's earnings were boosted to €154 million. Jungheinrich has steadily increased its earnings for the benefit of its shareholders in recent years.

The good level of incoming orders by the end of last year has been maintained this year and gives us a positive outlook on the first six months underway. Based on the good figures posted in the first two months of the current year, if the developments witnessed in 2017 thus far continue, we should be able to achieve incoming orders of between €3.4 and €3.5 billion and consolidated net sales in the range of €3.3 to €3.4 billion. Based on our assessments, EBIT for the current fiscal year should total between €250 and €260 million."

Our 2016 Annual Report along with further information can be found at http://www.jungheinrich.com  

2016: The Jungheinrich Group at a Glance 

   
                                                          Change
                                       FY 2016   FY 2015      (%)
    Incoming orders (million EUR)       3,220     2,817     14.3
    Incoming orders (units)           109,200    97,100     12.5
    Production (units)                106,300    91,200     16.6
    Net sales (million EUR)             3,085     2,754     12.0
    EBIT (million EUR)                    235       213     10.3
    EBIT ROS (%)                          7.6       7.7      ---
    EBT (million EUR)                     216       198      9.1
    EBT ROS (%)                           7.0       7.2      ---
    Net income (million EUR)              154       138     11.6
    Number of employees (FTE, 12/31)   15,010    13,962      7.5

Full press release is available at: http://www.presseportal.de/nr/33063/dokument

Please address press-related inquiries to:
Martin Wielgus - Head of Corporate Communications
+49-40-6948-3976
+49-151-5425-5852
martin.wielgus@jungheinrich.de
http://www.jungheinrich.com