Jungheinrich rises on outlook hike

Jungheinrich AG

25/04/2023 07:02

** Shares in Jungheinrich  JUNG_p.DE  jump 5.7% in premarket
trade as the German forklift truck maker hiked its FY guidance
after a positive business performance in Q1 and the recent
acquisition of U.S. company Storage Solutions Group
    ** "The recently issued EBIT guidance was raised by more
than 60mio from which around 2/3 is explainable with the
exceptional Q123 prelim EBIT," a local trader says
    ** The company now expects EBIT to be between 400 million
euros and 450 million euros ($441.96-$497.21 million), as it
foresees FY sales to come in a range of 5.1 billion euros and
5.3 billion euros
    ** The stock is seen at the top of Germany's mid-cap index
 .MDAXI 


($1 = 0.9051 euros)

 (Reporting by Ozan Ergenay)
 ((ozan.ergenay@thomsonreuters.com))