Regardless of the continued tough market circumstances, Jungheinrich AG recorded an general resilient enterprise improvement 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 gear, and after-sales providers – noticed steady improvement within the reporting interval in comparison with the earlier 12 months (2.684 million euros). Orders readily available from new enterprise got here to 1.520 million euros on the finish of the primary half of 2024.
Compared with the orders readily 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 constructive 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 circulate, 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 circumstances. The continued weak improvement 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 ensure 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 improvement (R&D) actions within the reporting interval focused on the development of latest materials dealing with gear, with emphasis on the additional improvement of environment friendly power storage methods primarily based on lithium-ion know-how.
There was additionally a give attention to the event of cellular 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 workers concerned in improvement initiatives throughout the reporting interval (earlier 12 months: 980).
As of 30 June 2024, Jungheinrich employed a complete of 20,871 individuals 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 tough market circumstances. The variety of non permanent employees, 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 anticipate 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 price 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 scenario is not going to deteriorate.
