In the first half of 2020, the value of incoming orders fell by 12.3% to 1,811 million euros. Turnover fell by 7.9% to 1,801 million euros. However, measures to reduce costs and secure liquidity that were introduced early on within the Group and consistently implemented successfully limited the impact of the crisis on Jungheinrich. The company doubled its cash flow from operating activities, significantly reduced its net debt and has a solid liquidity reserve.

Dr. Lars Brzoska, CEO: "The Covid-19 pandemic hit the global economy on an unprecedented scale in the first half of 2020. The intralogistics industry was also unable to escape this global event. However, it paid off that we had already weatherproofed Jungheinrich last year in anticipation of a global economic slowdown. This enabled us to react immediately to the coronavirus pandemic in spring 2020 and to introduce successful measures to cut costs and secure liquidity in order to reduce the impact of the crisis on Jungheinrich. We doubled cash flow from operating activities compared to the previous year and significantly reduced net debt at the same time. With its high and stable share of sales, Jungheinrich Customer Service in particular contributed to our ability to hold our own during the coronavirus crisis. With our expertise in lithium-ion technology, Jungheinrich is excellently positioned for the beginning decade of electromobility. Our automation solutions guarantee a safe and efficient material flow that remains stable even in times of crisis. On this basis, I am firmly convinced that Jungheinrich will emerge stronger from the coronavirus crisis."

At 53,900 trucks, orders for new trucks in the first half of 2020 were significantly lower than in the prior-year period (67,000 trucks). At 1.81 billion euros, the Jungheinrich Group's incoming orders in terms of value were also down on the previous year (2.07 billion euros). Group sales amounted to 1.8 billion euros (previous year: 1.96 billion euros), mainly due to the good order backlog at the end of the first quarter of 2020.

Forecast for 2020
On July 22, 2020, the Jungheinrich Board of Management published a new forecast for the 2020 financial year, taking into account the currently expected consequences of the Covid-19 crisis. According to this forecast, Jungheinrich expects incoming orders of between €3.4 billion and €3.6 billion in 2020. Consolidated net sales are also expected to be within a range of 3.4 to 3.6 billion euros. Jungheinrich is also aiming to slightly improve its market share in Europe compared to the 2019 financial year (2019: 20.2 per cent). as