Incoming orders amounted to 3.92 billion euros and EBIT was 263 million euros. The EBIT margin reached 6.4 percent.

Demand for electric trucks remained high. With over 97 percent of all trucks sold last year, Jungheinrich had the highest electric rate in the industry.

Strong demand for lithium-ion technology
Demand in the market for industrial trucks with lithium-ion technology also continued unabated. In the 2019 financial year, the company sold a total of over 20,000 lithium-ion batteries in new business and retrofits. Together with its partner, Triathlon Holding GmbH, Jungheinrich founded JT Energy Systems GmbH and began building what it claims to be the industry's largest development, production and reconditioning center for lithium-ion batteries and energy storage systems in Europe in Freiberg, Saxony.

Focus on protecting employees and delivery capability
Jungheinrich expects the coronavirus pandemic to have far-reaching consequences for the global economy in the 2020 financial year. In the current situation, protecting employees and ensuring delivery capability is the top priority. To this end, Jungheinrich has formed a crisis team under the leadership of the Board of Management, which makes decisions on a daily basis based on current developments. In addition, preventive measures have been taken to protect the workforce. Production is continuing at all plants and customer service technicians are still deployed worldwide. Negative effects on Jungheinrich's supply chain and production have been avoided so far, and supply capability is currently stable.

"Decent result despite difficult conditions"
Dr. Lars Brzoska, Chairman of the Board of Management of Jungheinrich AG: "Especially against the backdrop of the economic headwind in the course of 2019, I am pleased that we were able to achieve our sales target of four billion euros for 2020 together with the Jungheinrich team one year earlier than planned. Despite the more difficult conditions and negative one-off effects, we also managed to achieve a decent result of 263 million euros. Due to the deteriorating economic conditions, incoming orders and production declined. We are all facing a very big test together - both in business and in our private lives. My personal thanks go to all our employees, who are working hard and taking responsibility every day, especially in the current situation. Together, we are taking the situation very seriously and have started to take the necessary precautionary measures at an early stage. I firmly believe that Jungheinrich will master this extraordinary situation well. We will continue to build on our integrated business model and consistently invest in important future technologies. In December 2019, we published our forecast for the 2020 financial year. According to this, we expect incoming orders of between 3.50 billion and 3.80 billion euros and sales of between 3.60 billion and 3.80 billion. euros. EBIT should be between 150 million and 200 million euros, with a corresponding EBIT margin of 4.0% to 5.5%. However, the extent of the consequences of the global spread of the coronavirus is not yet foreseeable at this time and is not included in the forecast."