DGAP-Ad-hoc: Jungheinrich AG / Key word(s): Change in Forecast/Quarterly / Interim Statement
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 €4.2 billion and €4.5 billion (previously: €3.9 billion to €4.1 billion). Due to the great challenges facing the supply chain, Group revenue is expected to fall between €4.0 billion and €4.2 billion (previously: €3.9 billion to €4.1 billion). According to current estimates, earnings before interest and taxes (EBIT) in 2021 will come to between
It is also expected that Jungheinrich will reach a net credit significantly exceeding €300 million at the end of the 2021 financial year (previously: net credit of significantly more than €200 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 €1,322 million (previous year:
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
Andrea Bleesen - Head of Investor Relations
22-Apr-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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|EQS News ID:||1187734|
|End of Announcement||DGAP News Service|
1187734 22-Apr-2021 CET/CEST