Airport Towing Trucks For Material Handling

Annual General Meeting in Hamburg/Good Start to the Current Financial Year/Further Capital Expenditures on Future Growth Planned.

Hamburg—Following a good start to the 2014 financial year, the Jungheinrich Group has a positive outlook on the future. Hans-Georg Frey, Chairman of the Board of Management, presented the main strategic elements of the company’s future development at the Annual General Meeting on May 15 in Hamburg. The focal points are continued expansion in growth markets, the strengthening of the position in Europe and the improvement of the positioning on the market for IC engine-powered forklift trucks.

Worldwide demand for material handling equipment recorded strong growth in the first quarter of 2014, rising 10 per cent to 272.3 thousand trucks (prior year: 247.2 thousand trucks). Europe, Jungheinrich’s main sales market, posted a gain of 7 per cent. Demand in Western Europe advanced by 10 per cent, whereas market volume in Eastern Europe declined by 7 per cent. The Asian and North American markets continued to display positive development: demand was up 17 per cent in Asia and 14 per cent in North America.

In the first quarter of 2014, Jungheinrich posted a 12 per cent year-on-year increase in both net sales and earnings. Unit-based production rose by 33 per cent, driven by the strong demand in the fourth quarter of 2013. The Jungheinrich Group’s incoming orders in terms of units in new truck business accounted for 20.5 thousand forklifts in the first quarter of 2014—5 per cent more than last year’s corresponding figure. At 600 million euros, the value of the Jungheinrich Group’s incoming orders encompassing all business fields was marginally up (prior year: 587 million euros).

At the Annual General Meeting which was held on May 15, 2014, the shareholders were presented with a draft resolution to pay holders of ordinary shares a dividend of 0.80 euros per ordinary share and holders of preferred shares a dividend of 0.86 euros per preferred share, as in the previous year.

The Jungheinrich Group is conducting a series of projects to spend capital on strengthening the sales organization and further optimizing costs both this year and the next. “Having shifted the production of warehousing and system equipment to the Degernpoint factory, we will make substantial investments in our main plant in Moosburg where our counterbalanced trucks are produced. Other focal points of our investing activities are the construction of a new training centre on the premises of the Norderstedt plant, the expansion of the used equipment centre in Dresden, the construction or acquisition of branch offices in Asia, and the establishment of a new headquarters at our main domicile in Hamburg-Wandsbek,” declared Hans-Georg Frey, Chairman of the Board of Management of Jungheinrich AG. This year, capital expenditures on tangible assets will total between 85 and 95 million euros.

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, logistics systems, services and advice. Jungheinrich shares are traded on all German stock exchanges.