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DGAP-Adhoc: Jungheinrich AG: Jungheinrich raises forecast for 2021 and publishes numbers as of 31 March 2021

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DGAP-Ad-hoc: Jungheinrich AG / Key word(s): Change in Forecast/Quarterly / Interim Statement
Jungheinrich AG: Jungheinrich raises forecast for 2021 and publishes numbers as of 31 March 2021
22-Apr-2021 / 13:27 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Due to very strong incoming orders in the first quarter of 2021 and an expected high level of demand for the remainder
of the year as well, Jungheinrich is raising its forecast for 2021, which was published on 26 March 2021.
Based on updated corporate planning for the entire 2021 year, the Board of Management now expects incoming orders of
between EUR4.2 billion and EUR4.5 billion (previously: EUR3.9 billion to EUR4.1 billion). Due to the great challenges facing
the supply chain, Group revenue is expected to fall between EUR4.0 billion and EUR4.2 billion (previously: EUR3.9 billion to
EUR4.1 billion). According to current estimates, earnings before interest and taxes (EBIT) in 2021 will come to between
EUR300 million and EUR350 million (previously: EUR260 million to EUR310 million). Accordingly, EBIT return on sales is expected
to range between 7.5 per cent and 8.3 per cent (previously: 6.7 per cent to 7.6 per cent). Earnings before taxes (EBT)
are expected to reach EUR280 million to EUR330 million (previously: EUR240 million to EUR290 million). EBT return on sales
should come to between 7.0 per cent and 7.9 per cent (previously: 6.2 per cent to 7.1 per cent). The Board of
Management assumes a ROCE value of between 17 per cent and 21 per cent (previously: between 14 per cent and 18 per
cent).
It is also expected that Jungheinrich will reach a net credit significantly exceeding EUR300 million at the end of the
2021 financial year (previously: net credit of significantly more than EUR200 million).
This updated forecast is based on the assumption that there will be no more widespread lockdowns or plant closures over
the course of the year and that the Group's supply chains will remain intact. We will continue to fully implement
measures to ensure Jungheinrich's ability to deliver. The Strategy 2025+ goals that were published in November 2020
will be further pursued to their full extent and the key targets for 2025 will be reviewed over the course of the year.
Jungheinrich recorded a very strong start to 2021. Incoming orders increased by 30 per cent in the first quarter of
2021 to EUR1,322 million (previous year:
EUR1,016 million). Revenue rose during the same time period to EUR959 million (previous year: EUR920 million). In a demanding
market environment, EBIT improved significantly by 34 per cent to EUR72.1 million (previous year: EUR53.7 million), also as
a result of continued strict cost management. Included in this are additions to provisions in the low two-digit million
euro range. The concluded provisions relate to higher costs for the disposal of batteries and warranty obligations.
EBIT return on sales rose to 7.5 per cent (previous year: 5.8 per cent). EBT came to EUR68.2 million (previous year:
EUR43.5 million). Accordingly, EBT return on sales was 7.1 per cent (previous year: 4.7 per cent).
The interim statement of Jungheinrich AG as of 31 March 2021 will be published on 7 May 2021.
Press enquiries to:
Martin Wielgus - Head of Corporate Communications
+49 40 6948-3976 / +49 151 54255852
martin.wielgus@jungheinrich.de
www.jungheinrich.com
Analyst/investor enquiries to:
Andrea Bleesen - Head of Investor Relations
+49 40 6948-3407
andrea.bleesen@jungheinrich.de
www.jungheinrich.com
22-Apr-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and
Press Releases.
Archive at www.dgap.de
Language: English
Company: Jungheinrich AG
Friedrich-Ebert-Damm 129
22047 Hamburg
Germany
Phone: +49 40 6948-0
Fax: +49 40 6948-1777
E-mail: info@jungheinrich.de
Internet: www.jungheinrich.com
ISIN: DE0006219934
WKN: 621993
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin,
Dusseldorf, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1187734

End of Announcement DGAP News Service

1187734 22-Apr-2021 CET/CEST



Image link:
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1187734&application_name=news


(END) Dow Jones Newswires

April 22, 2021 07:28 ET ( 11:28 GMT)
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