Balance sheets
Good half-year for Jungheinrich
Jungheinrich AG can look back on a successful first half of the 2023 financial year. Despite the persistently difficult market situation, the Group recorded growth in incoming orders of 9 per cent to 2,684 million euros in the first half of the year.
At the end of the first half of 2023, the order backlog for new business at the Hamburg-based company reached a value of 1,731 million euros, taking into account the order backlog of 145 million euros for the Storage Solutions Group, which became part of the Group on March 15. Compared to the portfolio value of 1,595 million euros at the end of 2022, this represents an increase of 136 million euros or 9%.
At EUR 2,658 million, Group sales in the first half of 2023 were 21% higher than in the same period of the previous year. The main driver for this was new business. In addition to the very good growth in new vehicles, the Storage Solutions Group's sales revenue of EUR 69 million, which is included in new business, also contributed to this development.
"The first half of the year was very successful for Jungheinrich. Our recent strong sales growth continued. We also recorded another very positive development in earnings, which rose by 46 per cent. With the acquisition of the Storage Solutions Group, we have acquired an important platform for growth within the areas of racking systems and warehouse automation in the USA. This is now reflected in the consolidated financial statements for the first time. We are consistently pushing ahead with the implementation of our Strategy 2025+ and confirm our forecast for the current year. Jungheinrich is very well positioned for the future," explains Dr. Lars Brzoska, CEO of Jungheinrich AG.
As of June 30, 2023, Jungheinrich employed 20,445 people across the Group on a full-time basis, 41 per cent of whom worked in Germany and 59 per cent abroad. In total, this was 638 employees more than on December 31, 2022. The change in the reporting period compared to the figure at the end of December resulted from the expansion of personnel capacity in sales and the acquisition of Storage Solutions in the USA with 176 employees.
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