Industrial trucks
Growth course continued - Jungheinrich raises its forecast
Jungheinrich continued its growth trajectory in the first nine months of the year: Net sales and incoming orders increased significantly compared to the same period last year. The company is raising its forecast for incoming orders and sales in 2018.
Market development for industrial trucks: 14 percent more global market volume
From January to September, the global market volume for industrial trucks increased by 14% compared to the same period last year - this corresponds to a volume of 139,000 trucks. Driving force: The Asian market, especially China, played a significant role in the higher market volume. In Western Europe, the market volume increased by 12 percent, while demand in Eastern Europe rose by 21 percent, thanks in particular to Poland.
Decisive: orders from Asia and Europe
The warehouse technology product segment grew globally by 17%, or 78,000 industrial trucks. Asia and Europe each accounted for more than 40 percent of this growth. Orders from Asia also accounted for half of the 11% increase in the global market volume for battery-powered counterbalanced trucks. Over 40% of the 10% increase in demand for IC engine-powered forklift trucks was also attributable to the significant rise in orders in this region.
Increase in incoming orders, sales and EBIT compared to the same period last year
Dr. Volker Hues, Chief Financial Officer at Jungheinrich, commented on the positive development:
"Despite the geopolitical turmoil, the market and our business are growing strongly. We are benefiting in particular from our European core market and the pleasing market demand in the logistics systems business. Incoming orders, sales and EBIT increased compared to the same period last year. However, the enormous increases in raw material prices, the high wage settlements in Germany and the supply difficulties for certain materials are challenging and are unfortunately having an impact on earnings. Due to the positive overall development, we are raising our forecast for 2018: incoming orders should be between € 3.85 billion and € 3.95 billion, Group sales should be in a range between € 3.65 billion and € 3.75 billion and EBIT should remain in the range of € 270 million to € 280 million."
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