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JUN3 Jungheinrich AG News Story

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Jungheinrich up after Q3 orders, revenue and EBIT beat

** Shares in German forklift maker Jungheinrich JUNG_p.DE are up 2.5% in early Frankfurt trade with brokerage Jefferies pointing to Q3 orders, EBIT and revenues beating expectations

** Jungheinrich reported Q3 revenue at 1.35 billion euros  ($1.57 billion) compared to 1.31 billion seen in an LSEG consensus and new orders valued at 1.33 billion euros vs consensus estimates at 1.32 billion euros

** "Healthy set of Q3 result", says Jefferies, flagging that Q3 orders came 5% ahead, revenues 4% ahead and EBIT 18% ahead of consensus with ~100bps margin beat and a narrower loss than expected

** The brokerage says that guidance unchanged but given the  Q3 performance, it expects consensus to go towards the higher end of the range implying low teens EBIT upgrades

** Up to the previous session's close, shares were up 14.5%​ YTD

($1 = 0.8575 euros)

 (Reporting by Cian Muenster)

 ((Cian.muenster@thomsonreuters.com))

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