Latest News

  • Rack protection enhanced & mast control revisited; Innovative options for Linde reach trucks 
  • Cardboard Shortage? Make the switch to alternative sustainable & recyclable plastic containers
  • Always totally individual: the customer-specific PhoeniX AGV from Hubtex
  • Optimised Material Flow from Linde Storage Solutions
  • Clark France moves into new HQ in Saint-Quentin-Fallavier
  • Home
  • News
  • Materials Handling
  • Health & Safety
  • Notice Board
  • Multimedia
    • Audio
    • Book Review
    • T.V.
    • Video
  • Contact Us
  • About Us
  • follow
    • Facebook
    • Twitter
    • Google+
    • Pinterest
    • RSS Feed
    • Linked
    • Youtube

Jungheinrich Raises Forecast for Fiscal 2015

Aug 15, 2015 Warehousing Ireland Materials Handling, News Comments Off on Jungheinrich Raises Forecast for Fiscal 2015


Hamburg—The Jungheinrich Group expanded significantly in the second quarter of 2015. Consolidated net sales advanced by 13 per cent (H1 2015: up 10 per cent) while the value of incoming orders increased by 9 per cent (H1 2015: up 10 per cent). Earnings before interest and taxes (EBIT) and net income were both 21 per cent higher in the second quarter than in last year’s corresponding period. In the first six months of 2015, EBIT and net income rose by 14 and 15 per cent, respectively. In view of the positive development, the Board of Management raised its forecast for the current fiscal year in terms of incoming orders, net sales, EBIT and EBT.

Market

In the first half of 2015, global demand for material handling equipment advanced by 3 per cent to 574.1 thousand forklifts (prior year: 556.8 thousand trucks). Europe, Jungheinrich’s main sales market, recorded 9 per cent growth. Demand in Western Europe climbed by 13 per cent, whereas market volume in Eastern Europe declined by 14 per cent owing to the marked shrinkage of the Russian market. Excluding Russia, the Eastern European market posted 8 per cent growth. Asia’s market contracted by 3 per cent primarily due to the drop in demand for IC engine-powered counterbalanced trucks in China. Excluding China, Asia’s market grew 8 per cent. Demand in North America increased by 11 per cent.

Incoming orders

The value of the Jungheinrich Group’s incoming orders, encompassing all business fields, was up 9 per cent to 703 million euros in the second quarter of 2015 (prior year: 646 million euros). In the first half of 2015, incoming orders rose by 10 per cent to 1,369 million euros compared to the figure recorded in the same period last year (1,246 million euros). As of June 30, 2015, orders on hand from new truck business totalled 471 million euros and were thus 92 million euros, or 24 per cent, higher than at the end of 2014. The order reach remained four months.

Net sales

In the second quarter of 2015, consolidated net sales were up 78 million euros, or 13 per cent, to 680 million euros (prior year: 602 million euros). Cumulatively, consolidated net sales amounted to 1,300 million euros in the first half of 2015—10 per cent up on the year-earlier level (1,177 million euros). All of the business areas contributed to this growth. In Germany, the single-most important market, net sales increased by 7 per cent to 326 million euros in the first six months of 2015 (prior year: 306 million euros). Foreign net sales climbed by 12 per cent to 974 million euros (prior year: 871 million euros). The increase in non-European net sales was particularly pronounced, amounting to 19 per cent, buoyed by strong growth in China. The foreign ratio rose from 74 per cent to 75 per cent.

The main drivers of the substantial growth in consolidated net sales in the first half of 2015 were the marked increases in net sales in new truck business in the second quarter. Cumulatively, the Jungheinrich Group drove up net sales in the first six months by 11 per cent to 698 million euros (prior year: 627 million euros). Overall, the short-term hire and used equipment business posted a rise of 11 per cent to 231 million euros (prior year: 208 million euros). After-sales services recorded an 8 per cent gain to 385 million euros (prior year: 356 million euros). Net sales in the financial service business were up 11 per cent to 313 million euros (prior year: 283 million euros).

Jungheinrich acquires MIAS Group

Jungheinrich continues to enlarge the footprint it has as a logistic system provider. To this end, Jungheinrich AG signed an agreement regarding the acquisition of the MIAS Group with its owners at the end of July. Headquartered in Munich, the MIAS Group is an international mechanical engineering company in the warehousing and transportation technology sectors, where it offers stacker cranes and load handling technology. In the 2014 financial year, the group generated about 40 million euros in net sales with over 300 employees. As part of the Jungheinrich Group, the MIAS Group will maintain its independent presence on the market under the MIAS brand name.

 

Outlook

With regard to the remaining course of the year, Jungheinrich expects the world economy to display positive development. Against this backdrop, the company anticipates that the world material handling equipment market will continue to grow. As before, Europe’s market is also likely to post positive development. Demand in Western Europe may well continue to rise, albeit with less momentum than thus far. This also holds true for Eastern Europe, with the exception of Russia. In Asia—excluding China—the company also expects to see continue market growth, while in China, only the warehousing equipment and battery-powered counterbalanced truck segments will probably expand. The North American market should also grow further. The market trend witnessed in the first half of 2015 supports these expectations.

 

Says Hans-Georg Frey, Chairman of the Board of Management of Jungheinrich AG: “Based on the economic prognoses, which are positive overall, and in light of our persistently good order books, we are raising our forecast for fiscal 2015. Incoming orders are now expected to total between 2.7 and 2.8 billion euros. Consolidated net sales should amount to between 2.65 and 2.75 billion euros. Our assessment is that EBIT will amount to between 195 and 205 million euros in the financial year underway. We anticipate that income before tax will be between 180 and 190 million euros.”

 

 

Tweet

  • tweet
How to Specify an Explosion Proof Forklift in 7 Simple Steps Amazon profits: Why it’s Finally ‘Jam Today’

Warehousing Ireland

Related articles
  • Rack protection enhanced & mast control revisited; Innovative options for Linde reach trucks 
    Rack protection enhanced & mast...

    Feb 20, 2021 Comments Off on Rack protection enhanced & mast control revisited; Innovative options for Linde reach trucks 

  • Cardboard Shortage? Make the switch to alternative sustainable & recyclable plastic containers
    Cardboard Shortage? Make the switch to...

    Feb 20, 2021 Comments Off on Cardboard Shortage? Make the switch to alternative sustainable & recyclable plastic containers

  • Always totally individual: the customer-specific PhoeniX AGV from Hubtex
    Always totally individual: the...

    Feb 13, 2021 Comments Off on Always totally individual: the customer-specific PhoeniX AGV from Hubtex

More in this category
  • Rack protection enhanced & mast control revisited; Innovative options for Linde reach trucks 
    Rack protection enhanced & mast...

    Feb 20, 2021 Comments Off on Rack protection enhanced & mast control revisited; Innovative options for Linde reach trucks 

  • Always totally individual: the customer-specific PhoeniX AGV from Hubtex
    Always totally individual: the...

    Feb 13, 2021 Comments Off on Always totally individual: the customer-specific PhoeniX AGV from Hubtex

  • Optimised Material Flow from Linde Storage Solutions
    Optimised Material Flow from Linde...

    Feb 13, 2021 Comments Off on Optimised Material Flow from Linde Storage Solutions


Tweets by @warehousingIrl

Recent Posts

New Modulean Lite shadow boards from Beaverswood

New Modulean Lite shadow boards from Beaverswood

Nov 14, 2020 Comments Off on New Modulean Lite shadow boards from Beaverswood

Improved organisation of workplace tools is in warehouse and logistics centres is provided with new Modulean Lite shadow boards from workplace visual communication solutions specialist,...
Hyster Europe expands its range of electric counterbalance lift trucks

Hyster Europe expands its range of electric...

Sep 13, 2020 Comments Off on Hyster Europe expands its range of electric counterbalance lift trucks

Linde Training Solutions – Well Trained Without Fail

Linde Training Solutions – Well Trained...

Aug 09, 2020 Comments Off on Linde Training Solutions – Well Trained Without Fail

Warehouse Strategy, Design & Operation for a Post-Covid-19 World

Warehouse Strategy, Design & Operation for a...

Aug 03, 2020 Comments Off on Warehouse Strategy, Design & Operation for a Post-Covid-19 World

How to safely buy a used ATEX forklift

How to safely buy a used ATEX forklift

Jul 12, 2020 Comments Off on How to safely buy a used ATEX forklift

Recent Posts

Axial Properties Ltd fined €80,000 following serious incident in Clonee warehouse

Axial Properties Ltd fined €80,000 following serious incident in Clonee...

Nov 22, 2020 Comments Off on Axial Properties Ltd fined €80,000 following serious incident in Clonee warehouse

On Friday 20th November, at Trim Circuit Court, Judge Martina Baxter imposed a fine of €80,000 on Axial Properties Ltd following a serious incident at one of their warehouses in Bracetown...
New Modulean Lite shadow boards from Beaverswood

New Modulean Lite shadow boards from Beaverswood

Nov 14, 2020 Comments Off on New Modulean Lite shadow boards from Beaverswood

How to safely buy a used ATEX forklift

How to safely buy a used ATEX forklift

Jul 12, 2020 Comments Off on How to safely buy a used ATEX forklift

A-SAFE launches new hygiene partition for industrial facilities

A-SAFE launches new hygiene partition for...

May 31, 2020 Comments Off on A-SAFE launches new hygiene partition for industrial facilities

Hospitality casualties could join warehousing workforce says UKWA

Hospitality casualties could join warehousing...

Mar 25, 2020 Comments Off on Hospitality casualties could join warehousing workforce says UKWA

Newsletter

Recent Posts

  • Rack protection enhanced & mast control revisited; Innovative options for Linde reach trucks 
  • Cardboard Shortage? Make the switch to alternative sustainable & recyclable plastic containers
  • Always totally individual: the customer-specific PhoeniX AGV from Hubtex
  • Optimised Material Flow from Linde Storage Solutions
  • Clark France moves into new HQ in Saint-Quentin-Fallavier
  • Schoeller Allibert plays role in returnable packaging sector
  • Combilift launches new Order Picker: The Aisle Master-OP
  • Irish supply chain company TBM Solution sets up GB base
  • Coca-Cola signs 5-year contract renewal with CHEP 
  • DHL Express is a Global Top Employer 2021
  • Micro-fulfilment – a game changer for online grocery?
  • AGV Mesh-Up celebrates premiere at IFOY TEST CAMP 2021
  • Warehouse & Supply Chain Management software expert Principal Logistics Technologies acquires ERP & WMS solutions specialist Brentech Data Systems
  • Investment in New European Warehouse for CMP
  • James Jones & Sons pallets support deliveries of Covid-19 vaccine
Copyright 2020 Warehousing Ireland / All rights reserved