Airport Towing Trucks For Material Handling

Company Jungheinrich AG
Date 12.06.2012

Annual General Meeting in Hamburg/Net Sales Rise Considerably/Extensive Capital Expenditures for Future Growth

Hamburg—The Jungheinrich Group maintained its course for growth successfully in the first four months of 2012. The business trend benefited from the high level of capacity utilization, in particular at the Moosburg production site. The company was optimistic about the continued course of the fiscal year at the Annual General Meeting on June 12, 2012.

The world material handling equipment market remained stable at a high level in the first four months of 2012. Irrespective of the deterioration in the economic environment—especially in Europe—global demand amounted to 324 thousand forklifts (prior year: 330 thousand units), falling short of the size the market had in the year-earlier period by only about 2 per cent. Markets displayed disparate regional development. Overall, Europe experienced a decline of 4 per cent despite the rise in sales volume in Eastern Europe, whereas North America posted an increase of 7 per cent. Asia's market volume contracted by a mere 1 per cent. Worldwide, the high level achieved by warehousing equipment—Jungheinrich's domain—was surpassed once again, by 1 per cent. Forklift trucks with IC engine-powered drives recorded a decline of 5 per cent.

By the end of April 2012, the value of incoming orders, encompassing all business areas, had risen by 7 per cent to 754 million euros (prior year: 706 million euros), while net sales climbed by 11 per cent to 698 million euros in the same period (prior year: 628 million euros). As of April 30, 2012, orders on hand from new truck business totalled 377 million euros and were thus 20 million euros or 6 per cent higher than the 357 million euros achieved in the corresponding period a year earlier. The rise compared to the 329 million euros in value at the end of 2011 amounted to 48 million euros, or 15 per cent. In the first four months of 2012, production volume in terms of units advanced by 5 per cent to 25.6 thousand trucks (prior year: 24.3 thousand units). This is largely due to the increase in plant capacity utilization at Moosburg, primarily triggered by a marked rise in the production output of battery-powered forklift trucks.

At the Annual General Meeting on June 12, 2012, the shareholders were presented with a draft proposal of paying a dividend of 0.70 euros per ordinary share (prior year: 0.49 euros) to ordinary shareholders and of 0.76 euros per preferred share (prior year: 0.55 euros) to preferred shareholders.

Jungheinrich expects the world economy to continue growing moderately in the months ahead, displaying significant regional differences. Based on the development of demand through the end of April 2012, the company anticipates that the size of the world market will increase marginally for the year as a whole, growing to approximately 1 million pieces of material handling equipment. “Based on the constantly stable business trend since the beginning of the year, we expect incoming orders of at least 2.1 billion euros and corresponding consolidated net sales matching last year’s level. Due to the high level of orders on hand and the growth potential on markets of the future, we stand a good chance of maintaining last year's earnings level in 2012. Thanks to our strategic investments of 100 million euros in technology and sales in the period from 2012 to 2013, we have set the stage for sustainably profitable growth in the future above and beyond this,” declared Hans-Georg Frey, Chairman of the Board of Management of Jungheinrich AG.

Jungheinrich ranks among the world’s leading companies in the material handling equipment, warehousing and material flow engineering sectors. The company is an intralogistics service and solution provider with manufacturing operations, which offers its customers a comprehensive range of forklift trucks, shelving systems, services and advice. Jungheinrich shares are traded on all German stock exchanges.

Contact

Jungheinrich AG
Am Stadtrand 35
22047
Hamburg
Germany
  • +49 (40) 6948-0