Brief: Jungheinrich Q1 EBIT At EUR 120.1 Mln

Jungheinrich AG

08/05/2023 06:35

May 8 (Reuters) - JUNGHEINRICH AG  JUNG_p.DE :
    * FORECAST FOR 2023 INCREASED
    * JUNGHEINRICH STARTS THE 2023 FINANCIAL YEAR ON A STRONG
NOTE
    * Q1 EBIT MARGIN: 9.3 %
    * Q1 EBIT: 120.1 MILLION EUROS (+54 %)
    * Q1 REVENUE: 1,291 MILLION EUROS (+22 %)
    * JUNGHEINRICH NOW EXPECTS INCOMING ORDERS FOR 2023 AS A
WHOLE TO
TOTAL BETWEEN 5.0 BILLION EUROS AND 5.4 BILLION EUROS
(PREVIOUSLY: 4.8 BILLION EUROS TO 5.2 BILLION EUROS)
    * OUTLOOK 2023:  GROUP SALES ARE FORECAST TO RANGE FROM 5.1
BILLION EUROS TO 5.5 BILLION EUROS (PREVIOUSLY: 4.9 BILLION
EUROS TO 5.3 BILLION EUROS)
    * NOW EXPECTS INCOMING ORDERS FOR 2023 AS A WHOLE TO TOTAL
BETWEEN
5.0 BILLION EUROS AND 5.4 BILLION EUROS (PREVIOUSLY: 4.8 BILLION
EUROS TO 5.2 BILLION EUROS)
    * OUTLOOK 2023:  BASED ON CURRENT ESTIMATES, EBIT IN 2023
WILL BE
BETWEEN 400 MILLION EUROS AND 450 MILLION EUROS (PREVIOUSLY: 350
MILLION EUROS TO 400 MILLION EUROS)
    * GROUP SALES ARE FORECAST TO RANGE FROM 5.1 BILLION EUROS
TO 5.5
BILLION EUROS (PREVIOUSLY: 4.9 BILLION EUROS TO 5.3 BILLION
EUROS)
    * OUTLOOK 2023: THE INCREASED EBIT FORECAST RESULTS IN AN
EBIT
MARGIN IN THE RANGE OF 7.8 PER CENT TO 8.6 PER CENT (PREVIOUSLY:
7.3 PER CENT TO 8.1 PER CENT)
    * OUTLOOK 2023: EBT IS EXPECTED TO REACH 370 MILLION EUROS
TO 420
MILLION EUROS
    * THE INCREASED EBIT FORECAST RESULTS IN AN EBIT MARGIN IN
THE
RANGE OF 7.8 PER CENT TO 8.6 PER CENT (PREVIOUSLY: 7.3 PER CENT
TO 8.1 PER CENT)
    * ANTICIPATES A ROCE FIGURE OF BETWEEN 15 PER CENT AND 18
PER CENT
(PREVIOUSLY: BETWEEN 13 PER CENT AND 16 PER CENT)
    * EXPECTS FREE CASH FLOW TO IMPROVE SIGNIFICANTLY
YEAR-ON-YEAR
(–239 MILLION EUROS) BUT TO REMAIN NEGATIVE ON ACCOUNT OF THE
ACQUISITION OF STORAGE SOLUTIONS

Further company coverage:  JUNG_p.DE 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))