Regardless of the continued troublesome market situations, Jungheinrich AG recorded an general resilient enterprise growth within the first half of the 2024 monetary 12 months.
At 2.665 million euros, incoming orders comprising all enterprise fields – new enterprise, short-term rental and used tools, and after-sales providers – noticed steady growth within the reporting interval in comparison with the earlier 12 months (2.684 million euros). Orders available from new enterprise got here to 1.520 million euros on the finish of the primary half of 2024.
As compared with the orders available of 1.441 million euros on the finish of 2023, this represents a rise of 79 million euros or 5.5 per cent. Within the first half of the 12 months, Group income amounted to 2.622 million euros and was thus on a par with the earlier 12 months’s determine of two.658 million euros. Progress in after-sales providers and optimistic developments within the monetary providers enterprise nearly absolutely offset the decline in income from new enterprise.
Income in Germany developed negatively within the reporting interval. Right here, income fell by 3.5 per cent to 579 million euros (earlier 12 months: 600 million euros). At 215 million euros, EBIT was 21 million euros beneath the earlier 12 months’s stage (236 million euros). Measures launched within the earlier 12 months to enhance earnings partially offset the fee will increase from results from collective agreements and the rise in personnel within the earlier 12 months. EBIT return on gross sales amounted to eight.2 per cent (earlier 12 months: 8.9 per cent).
Free money movement, the sum of money flows from working actions and investing actions, rose markedly by 354 million euros to +172 million euros (earlier 12 months: 182 million euros).
“The primary half of the 12 months was marked by difficult financial situations. The continued weak growth of the German financial system was notably noticeable within the first six months of the present monetary 12 months. Nonetheless, with an EBIT return on gross sales of 8.2 per cent, Jungheinrich recorded a resilient margin – though right here we profited from the measures to extend earnings already launched within the earlier 12 months. We are going to proceed to press forward with the implementation of our Technique 2025+ and make sure our forecast for the present monetary 12 months,” explains Dr Lars Brzoska, chairman of the board of administration of Jungheinrich AG.
The principle analysis and growth (R&D) actions within the reporting interval targeting the development of latest materials dealing with tools, with emphasis on the additional growth of environment friendly power storage methods primarily based on lithium-ion know-how.
There was additionally a deal with the event of cell robots and the optimisation of automated methods. An additional focal R&D level was digital merchandise. Throughout the Group, there have been a median of 1,005 staff concerned in growth tasks through the reporting interval (earlier 12 months: 980).
As of 30 June 2024, Jungheinrich employed a complete of 20,871 folks on a full-time foundation all through the Group, of whom 41 per cent labored in Germany and 59 per cent overseas.
The lower within the reporting interval in comparison with the determine on the finish of December 2023 (21,117) resulted from a cautious personnel coverage towards the backdrop of the troublesome market situations. The variety of short-term staff, nearly all of whom Jungheinrich employs at its home crops, additionally fell to 357 throughout the Group as of 30 June 2024 (31 December 2023: 438).
Jungheinrich continues to count on incoming orders inside a spread of 5.2 billion euros to five.8 billion euros within the 2024 monetary 12 months (2023: 5.2 billion euros). Offering provide chains stay steady and in gentle of the present rates of interest and inflation, the corporate anticipates Group income to be value between 5.3 billion euros and 5.9 billion euros (2023: 5.5 billion euros). That is primarily based on the idea that the geopolitical state of affairs won’t deteriorate.
