Putting in a strong performance in the third quarter of 2015, the Jungheinrich Group is on track to achieving its goals for the 2015 financial year.
Article continues below
The value of incoming orders amounted to 2,089 million euros—up 11 percent year on year.
After nine months, consolidated net sales totalled 1,965 million euros and were thus 10 percent higher than the 1,792 million euros achieved in the corresponding period last year. EBIT advanced by 13 percent to 151 million euros from January to September from 133 million euros in the same period in 2014. Net income was 13 percent higher than the figure recorded in the third quarter of last year.
In view of the continued positive development, the Board of Management confirms the forecast raised in August for the fiscal year underway as regards incoming orders, net sales, EBIT and earnings before taxes (EBT).
In the third quarter of 2015, net sales amounted to 665 million euros and were thus 8 percent higher than the figure achieved in the same period last year (615 million euros). Cumulatively, consolidated net sales amounted to 1,965 million euros, surpassing the figure recorded in last year’s corresponding period (1,792 million euros) by 10 percent.
In Germany, the single-most important market, net sales grew by 5 percent to 497 million euros in the same period (prior year: 472 million euros). Foreign net sales advanced 11 percent to 1,468 million euros (prior year: 1,320 million euros). Net sales generated outside Europe grew considerably, climbing by 23 percent to 206 million euros (prior year: 167 million euros).
This was primarily owed to the strong increase in net sales in China and the USA. The portion of consolidated net sales accounted for by countries outside Europe thus climbed to 11 percent (prior year: 9 percent). The foreign ratio rose from 74 percent to 75 percent.
Due to the sustained positive development displayed by all business areas and the large number of units produced, the Jungheinrich Group closed the third quarter of 2015 with an EBIT of 52.8 million euros (prior year: 46.8 million euros). The EBIT return on sales (ROS) was 7.9 percent in the third quarter of 2015, following 7.6 percent in the same quarter last year.
Cumulative EBIT after nine months was up 13 percent to 151.4 million euros (prior year: 133.4 million euros). The EBIT return on sales (ROS) was 7.7 percent, following 7.4 percent in the same period in 2014.
In the period from January to September 2015, net income totalled 98.6 million euros and was thus 13 percent higher than the figure recorded in last year’s corresponding period (87.0 million euros). Accordingly, earnings per preferred share grew to 2.93 euros (prior year: 2.59 euros). ■