DGAP-Adhoc: Jungheinrich AG: Jungheinrich again raises its forecast for incoming orders and results for the 2021 financial year and publishes figures as of 30 September 2021

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DGAP-Ad-hoc: Jungheinrich AG / Key word(s): Change in Forecast/9 Month figures
Jungheinrich AG: Jungheinrich again raises its forecast for incoming orders and results for the 2021 financial year and publishes figures as of 30 September 2021

25-Oct-2021 / 17:05 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Jungheinrich again raises its forecast for incoming orders and results for the 2021 financial year and publishes figures as of 30 September 2021

Jungheinrich is once again raising its forecast for incoming orders, EBIT, EBIT return on sales, EBT, EBT return on sales and ROCE for the 2021 financial year. Demand continues to be strong. Through targeted management of the supply chain, production shutdowns have largely been successfully avoided until now. In addition, the material price increases which were substantial in some cases were more than offset by corresponding price adjustments and efficiency measures.

The Board of Management now expects incoming orders of between €4.6 billion and €4.8 billion for the entire 2021 year (previously: €4.2 billion to €4.5 billion). Due to continuing significant challenges in the supply chain, Group revenue is expected to fall within the previously forecast range of €4.0 billion and €4.2 billion. According to current estimates, earnings before interest and income taxes (EBIT) in 2021 will come to between €340 million and €370 million (previously: €300 million to €350 million). Accordingly, EBIT return on sales is expected to range between 8.5 per cent and 8.8 per cent (previously: 7.5 per cent to 8.3 per cent). Earnings before taxes (EBT) are expected to reach €325 million to €355 million (previously: €280 million to €330 million). EBT return on sales should come to between 8.1 per cent and 8.5 per cent (previously: 7.0 per cent to 7.9 per cent). The Board of Management assumes a ROCE value of between 20 per cent and 23 per cent (previously: between 17 per cent and 21 per cent). The ROCE new key performance indicator with effect from 30 June 2021 is expected to reach a value between 19 per cent and 22 per cent (previously: between 17 per cent and 21 per cent).

It is also expected that Jungheinrich will have unchanged net credit of well over €300 million at the end of the 2021 financial year.

This increased forecast assumes that the material supply, which continues to be fraught, particularly in the case of electronic components, will not deteriorate significantly during the remaining weeks of the financial year. Measures to ensure Jungheinrich's ability to deliver will continue to be implemented without limitation. At the same time, worsening bottlenecks in the supply of materials potentially leading to serious production shutdowns in the future cannot be ruled out.

Despite delivery problems with production materials and increased material costs, the Jungheinrich Group's business development up until 30 September 2021 was very good.

After nine months, incoming orders (€3,581 million) surpassed those of the previous year (€2,732 million) by 31 per cent. During the same time period, Group revenue increased to €3,020 million (previous year: €2,723 million).

In a market environment that continues to be challenging, EBIT improved significantly by 72 per cent to €258.4 million (previous year: €150.2 million). EBIT return on sales increased to 8.6 per cent (previous year: 5.5 per cent). EBT increased to €249.6 million (previous year: €133.8 million). Accordingly, EBIT return on sales was 8.3 per cent (previous year: 4.9 per cent).

The interim statement of Jungheinrich AG as of 30 September 2021 will be published on 10 November 2021.

Press enquiries to:
Martin Wielgus - Head of Corporate Communications
+49 40 6948-3976 / +49 151 54255852
martin.wielgus@jungheinrich.de
www.jungheinrich.com

Analyst/investor enquiries to:
Andrea Bleesen - Head of Investor Relations
+49 40 6948-3407
andrea.bleesen@jungheinrich.de
www.jungheinrich.com
 

25-Oct-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Jungheinrich AG
Friedrich-Ebert-Damm 129
22047 Hamburg
Germany
Phone: +49 40 6948-0
Fax: +49 40 6948-1777
E-mail: info@jungheinrich.de
Internet: www.jungheinrich.com
ISIN: DE0006219934
WKN: 621993
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1243312

 
End of Announcement DGAP News Service

1243312  25-Oct-2021 CET/CEST

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