JUNGHEINRICH AG Hamburg - The Jungheinrich AG Annual General Meeting was held today in Hamburg in front of around 350 Shareholders. In his speech, Chairman of the Board of Management Dr Lars Brzoska reflected on the successful financial year of 2023, which was a year of tradition and transformation for Jungheinrich. "2023 was the year in which we celebrated the 70th anniversary of the founding of Jungheinrich and also the year in which we made important decisions about the future of our company," commented Dr Brzoska. He expressed that the spirit of the company's founder, Dr Friedrich Jungheinrich, is still alive and well in the Group, as demonstrated by Jungheinrich's values-based corporate culture. The Chairman of the Board of Management stated that Jungheinrich's success rests on defending these values while consistently developing the company for the future. With the acquisition of the Storage Solutions Group in the USA, the takeover of the Munich-based robotics specialist Magazino and the opening of a new plant in Chomutov, Czechia, Jungheinrich showed its determination to push forward with its corporate strategy in 2023. "Jungheinrich's continuous development is necessary so that we may remain globally competitive in the long term and secure our future success," added Dr Brzoska.
The Chairman of the Board of Management explicitly thanked the Jungheinrich workforce of more than 21,000 employees for their dedication in the past financial year, in which Jungheinrich recorded its highest ever incoming orders, revenue and EBIT. In light of these positive developments, the Annual General Meeting followed the recommendation of the Board of Management and the Supervisory Board for a dividend payment of 0.75 euros per preferred share and 0.73 euros per ordinary share for the 2023 financial year.
Rolf Najork, who was appointed Chairman of the Supervisory Board during the 2023 financial year, presided over the Jungheinrich Annual General Meeting for the first time. Also new to the stage was Udo Panenka, appointed Member of the Board of Management for the new automation division on 1 April 2024, and Heike Wulff who took on responsibility for managerial accounting, accounting and tax, and the finance division's responsibilities for the digital transformation programme DEEP as designated CFO on the Jungheinrich Board of Management on 1 May 2024.
Dr Lars Brzoska thanked Chief Technology Officer Sabine Neuß and Member of the Board of Management for Marketing & Sales Christian Erlach, both of whom will be leaving the company in the coming weeks. Sabine Neuß has headed Jungheinrich's Engineering division since 2020 and has initiated and implemented important projects and developments, such as the construction of the new plant in Chomutov in Czechia. Christian Erlach started at Jungheinrich as the manager of the marketing and sales unit in Austria and was later responsible for marketing and sales in South-Eastern Europe, South Africa and South America. He has been the Member of the Board of Management for Marketing & Sales since 2018, and in this role has made a significant contribution to the expansion of Jungheinrich's global presence and the very good results of recent years. Jungheinrich has already announced the successors to both positions. With effect from 1 July, Maik Manthey will take over responsibility for the Engineering division. Nadine Despineux will join the company as the Member of the Board of Management for Marketing & Sales with effect from 15 July.
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All-time highs reported in incoming orders, revenue and EBIT in the 2023 financial year
Incoming orders and revenue stable; strong free cash flow
Effective 15 July 2024, Nadine Despineux will become the new Member of the Board of Management succeeding Christian Erlach, who is retiring from the company.
Jungheinrich achieved historic highs in incoming orders, net sales and EBIT in 2023 under difficult macroeconomic conditions.
During the course of 2024, Jungheinrich will reorganise its Board of Management under Chairman Dr Lars Brzoska.
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Jungheinrich AG published this content on 14 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 May 2024 12:32:39 UTC.
