Jungheinrich's incoming orders amounted to 3.92 billion euros in the 2019 financial year. EBIT amounted to 263 million euros. The EBIT margin reached 6.4 per cent. This means that the company has already achieved its strategic growth target for 2020 one year earlier than planned.

Demand for electric trucks remained high. With over 97 per cent of all trucks sold last year, Jungheinrich reported that it had the highest proportion of electric trucks in the industry. Demand in the market for material handling equipment with modern lithium-ion technology in particular remained unabated. In the 2019 financial year, the company sold a total of over 20,000 lithium-ion batteries in new business and retrofits. Together with its partner Triathlon, Jungheinrich founded the company JT Energy Systems and began building a development, production and reconditioning center for lithium-ion batteries and energy storage systems in Freiberg, Saxony.

Consequences of the coronavirus pandemic
Jungheinrich expects the coronavirus pandemic to have far-reaching consequences for the global economy in the 2020 financial year. The specific extent of this cannot yet be estimated. According to the intralogistics specialist, protecting employees and ensuring delivery capability are the top priorities in the current situation. To this end, Jungheinrich has set up a crisis team under the leadership of the Board of Management, which is making daily decisions based on current developments. In addition, a large number of preventive measures have been taken to protect the workforce. Production is continuing at all plants and customer service technicians are still on duty all over the world. Negative effects on Jungheinrich's supply chain and production have been avoided so far, and delivery capability is currently stable.

Dr. Lars Brzoska, Chairman of the Board of Management at Jungheinrich: "Especially in light of the economic headwinds in the course of 2019, I am pleased that we were able to achieve our sales target of four billion euros for 2020 together with the Jungheinrich team one year earlier than planned. Despite the more difficult conditions and negative one-off effects, we also managed to achieve a decent result of 263 million euros. Due to the deteriorating economic conditions, incoming orders and production declined.

We are all facing a very big test together - both in business and in our private lives. My personal thanks go to all our employees, who are working hard and taking responsibility on a daily basis, especially in the current situation. Together, we are taking the situation very seriously and have started to take the necessary precautionary measures at an early stage. I firmly believe that Jungheinrich will master this extraordinary situation well. We will continue to build on our integrated business model and consistently invest in important future technologies."

In December 2019, Jungheinrich published its forecast for the 2020 financial year, predicting incoming orders of between 3.50 and 3.80 billion euros and net sales of between 3.60 and 3.80 billion euros. However, the consequences of the global spread of the coronavirus are not yet foreseeable in their extent at the current time and are not included in the forecast, according to the company. as