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    JUN3   DE0006219934

JUNGHEINRICH AG

(JUN3)
  Report
Delayed Xetra  -  11:37:01 2023-03-31 am EDT
32.16 EUR   -7.90%
03/31Energy costs could continue to slow Jungheinrich down in 2023 - share falls
DP
03/31Cautious outlook puts Jungheinrich under pressure
DP
03/31JUNGHEINRICH AG : Stifel reiterates its Neutral rating
MD
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Jungheinrich : Plant for Warehouse and System Equipment Running at Full Speed

08/12/2014 | 08:08am EDT

Production has commenced full tilt at the new Jungheinrich plant for warehouse and system equipment at Degernpoint. The facility manufactures vehicles in premium Jungheinrich quality-with highly competitive delivery times.

Inaugurated in autumn 2013, located in the industrial estate of Degernpoint in direct proximity to the main factory in Moosburg, the new facility represents the world's most modern plant for warehouse and system equipment. This is where the "major-sized" Jungheinrich stackers like the EFX, EKX, ETX high-rack forklifts as well as the EKS order picker series are produced. Featuring state-of-the-art structures and processes, the new facility provides for the ideal production conditions. "This plant allows us to produce our warehouse and system equipment with enormous efficiency and sustainability," explains Richard Brandstetter, Managing Director of Jungheinrich Logistiksysteme GmbH. "As the market leader in Europe, our clients benefit from premium Jungheinrich quality and short delivery times. Especially in times in which warehouse sizes as well as throughput rates continue to grow, this is an essential sales argument for our clients."

With floor space of over 23,000 square metres, the Degernpoint plant has an annual production capacity of more than 3,000 warehouse and system trucks. The new production facility constitutes an investment of 40 million euros by the Jungheinrich group, which is now manufacturing narrow-aisle trucks at the world's largest state-of-the-art plant. A total of 300 staff members are currently employed at the Degernpoint location, which produces for a global market. The plant expansion became necessary after the main factory in Moosburg had reached the limits of its capacity.

Jungheinrich ranks among the world's leading companies in the material handling equipment, warehousing and material flow engineering sectors. The company is an intralogistics service and solution provider with manufacturing operations, which offers its customers a comprehensive range of forklift trucks, logistics systems, services and advice. Jungheinrich shares are traded on all German stock exchanges.

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All news about JUNGHEINRICH AG
03/31Energy costs could continue to slow Jungheinrich down in 2023 - share falls
DP
03/31Cautious outlook puts Jungheinrich under pressure
DP
03/31JUNGHEINRICH AG : Stifel reiterates its Neutral rating
MD
03/31JUNGHEINRICH AG : Warburg Research reiterates its Buy rating
MD
03/31Baader Bank leaves Jungheinrich at 'Add' - Target 39 euros
DP
03/31JUNGHEINRICH AG : Baader Bank gives a Buy rating
MD
03/31SHARE FLASH: Cautious outlook weighs on Jungheinrich
DP
03/31Jungheinrich : in the 2022 financial year
PU
03/27Jungheinrich : Invitation to the Annual General Meeting on 11 May 2023
PU
03/22Kion still recovering somewhat - Deutsche Bank recommends buy
DP
More news
Analyst Recommendations on JUNGHEINRICH AG
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Financials
Sales 2022 4 702 M 5 109 M 5 109 M
Net income 2022 247 M 269 M 269 M
Net cash 2022 71,2 M 77,3 M 77,3 M
P/E ratio 2022 13,3x
Yield 2022 2,07%
Capitalization 3 280 M 3 564 M 3 564 M
EV / Sales 2022 0,68x
EV / Sales 2023 0,67x
Nbr of Employees 19 400
Free-Float 46,6%
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Mean consensus OUTPERFORM
Number of Analysts 11
Last Close Price 32,16 €
Average target price 35,82 €
Spread / Average Target 11,4%
EPS Revisions
Managers and Directors
Lars Brzoska Chief Executive Officer
Volker Hues Chief Financial Officer
Hans-Georg Frey Chairman-Supervisory Board
Sabine Neu▀ Head-Technology
Wolff Lange Member-Supervisory Board
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