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Jungheinrich: Q1 Financial Report | Steady Development of Order Revenue and Strong Start of Free Cash Flow

May 13, 2024

Jungheinrich First Quarter 2024:Stable orders and revenue;Strong start to free cash flow!

• Order amount:13.6.3 billion euros 

• Operating income:12.€ 7.4 billion

• EBIT:1.EUR 01.5 billion

• Measures to guarantee income have achieved initial results.

• Strong start to free cash flow,Up to 1.5.9 billion euros

• Forecasts for 2024 confirmed

Hamburger——First quarter of 2024,Jungheinrich Group's business is developing steadily。Despite the challenging market environment,However, the order amount during the reporting period reached13.6.3 billion euros(Including new business、Business areas such as short-term leasing and used equipment and after-sales services),Slightly higher than in the same period last year(13.5 billion euros)。The group's operating income is up to 12.€ 7.4 billion(Previous year:12.9.1 billion euros)。Growth in after-sales services and positive developments in the financial services business almost completely offset the decline in new business operating income.。Income protection measures implemented last year began to bear fruit in the first quarter of 2024.。However,These measures can not fully offset the impact of tariffs and the cost increase brought about by the increase of personnel last year.。So,EBIT for the first quarter of 2024(EBIT)Still below the good performance achieved in the previous year(1.201 euros),1 as expected.EUR 01.5 billion。EBIT return on sales of 8 percent.0%(Previous year:9.3%)。Profit before tax for the first quarter of 2024(EBT)€ 95.6 million,Also lower than the same period last year(1.19.5 billion euros),Meets expectations。EBT7% return on sales.5%(Previous year:9.3%)。Profit and loss is 6,7.9 million euros(Previous year:8,8.4 million euros)。Accordingly,Earnings per preferred share were 0..68 euros(Previous year:0.88 euros)。Jungheinrich's free cash flow is strong.。As of the end of the quarter,Achieve1.5.9 billion euros(Previous year:-2.3.2 billion euros)。

Chairman of the Board of Directors of Jungheinrich GroupLars BrzoskaThe doctor said:

The development in the first quarter of fiscal 2024 was in line with our expectations.。Order Amount and Operating Revenue BaseMaintain steady development,On par with the previous year's all-time high。The measures we have taken to protect our earnings are beginning to bear fruit.。Eternity's Free Cash FlowA strong start。Our forecast for fiscal year 2024 remains unchanged in our 2023 Annual Report released on March 28, 2024.。

 

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