JUNGHEINRICH AG CREATING SUSTAINABLE VALUE
Interim statement as of 31 March 2021
Conference call
Dr Lars Brzoska (Chairman of the Board of Management)
Dr Volker Hues (Member of the Board of Management, Finance) Hamburg, 7 May 2021
Highlights in the first quarter of 2021
- Market volume grew especially strongly around the world in the first quarter of 2021, as it did in Jungheinrich's European core market.
- The value of incoming orders rose 30 per cent to €1,322 million.
- All results were significantly above the previous year.
- Net credit of €248 million was achieved following net credit of €194 million at the end of December 2020.
- The forecast for 2021 was raised.
Conference Call Q1 2021 | 07/05/2021 | 2 |
Very strong start to 2021
Value of incoming orders in Group
in € million
+30% | |
1,322 | |
1,016 | |
Q1 2020 | Q1 2021 |
Number of incoming orders for new trucks
in thousand units
+44% | |
46 | |
32 | |
Q1 2020 | Q1 2021 |
Revenue
in € million
+4%
920 | 959 |
Q1 2020 | Q1 2021 |
- Very good comprehensive level of incoming orders for new trucks and growing demand for automated systems.
- Incoming orders of units benefit from very significant recovery in demand in Europe and more orders for the company's own short-term rental fleet.
- The increase in revenue was driven by all business fields.
Conference Call Q1 2021 | 07/05/2021 | 3 |
Results significantly improved
EBIT
in € million
+34% | |
72.1 | |
53.7 | |
EBIT ROS | |
5.3% | 7.5% |
Q1 2020 | Q1 2021 |
EBT
in € million
+57% | |
68.2 | |
43.5 | |
EBT ROS | |
4.7% | 7.1% |
Q1 2020 | Q1 2021 |
- EBIT increase largely due to better plant capacity utilisation.
- Additions to provisions for higher costs for battery disposal and warranty obligations (low double-digit million euro amount) included in EBIT.
Conference Call Q1 2021 | 07/05/2021 | 4 |
Profit or loss significantly increased
Profit or loss
in € million
+58% | 50.1 | |
31.8 | ||
Q1 2020 | Q1 2021 |
Earnings per preferred share
in €
+56% | 0.50 | |
0.32 | ||
Q1 2020 | Q1 2021 |
Conference Call Q1 2021 | 07/05/2021 | 5 |
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Disclaimer
Jungheinrich AG published this content on 06 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 May 2021 14:47:04 UTC.
