Business development
Jungheinrich publishes new forecast for 2020
The Jungheinrich Board of Management has prepared a new forecast for the 2020 financial year, taking into account the currently expected consequences of the Covid-19 crisis.
The forecast for the 2020 financial year published on December 18, 2019 and confirmed with the publication of the 2019 annual report on March 18, 2020 could not yet take into account the effects of the Covid-19 pandemic and was therefore withdrawn by Jungheinrich at the end of April 2020. The company has now announced that it has a better estimate for the remainder of the financial year.
Accordingly, Jungheinrich anticipates incoming orders of between 3.4 and 3.6 billion euros for 2020. Consolidated net sales should also be within a range of 3.4 and 3.6 billion euros. According to current estimates, earnings before interest and taxes (EBIT) should be between 130 and 180 million euros in 2020. The EBIT margin is expected to be in the range of 3.8% to 5%. Earnings before taxes (EBT) are expected to reach between 105 and 155 million euros. The EBT margin is expected to be between 3.1 and 4.3 percent.
Furthermore, net debt is expected to be well below EUR 50 million at the end of 2020. ROCE for the 2020 financial year is expected to be between 8 and 12 per cent. Jungheinrich is also aiming for a slight improvement in its market share in Europe compared to the 2019 financial year (2019: 20.2 per cent).
This forecast is based on the assumption that there will not be an extensive second lockdown as the Covid-19 pandemic progresses and that supply chains will remain largely intact. The forecast ranges already take into account certain negative developments on the customer and supplier side.
Business performance in the first half of 2020
The Jungheinrich Group's business performance in the first half of 2020 was influenced by the particular effects of the global coronavirus crisis in the second quarter of 2020. At 53.9 thousand trucks, orders for new trucks in the first half of 2020 were trucks in the first half of 2020 were significantly lower than in the same period of the previous year (67.0 thousand trucks). At 1.81 billion euros, the Jungheinrich Group's incoming orders in terms of value were down on the previous year (2.07 billion euros). Group sales amounted to 1.80 billion euros (previous year: 1.96 billion euros), mainly due to the good order backlog at the end of the first quarter of 2020. as
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