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Jungheinrich AG
Regulatory Filings • Dec 18, 2019
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Ad-hoc | 18 December 2019 09:13
Jungheinrich AG: Forecast 2020
Jungheinrich AG / Key word(s): Forecast/Forecast
Jungheinrich AG: Forecast 2020
18-Dec-2019 / 09:13 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.
Forecast 2020
Against the backdrop of a significantly declining market in recent months, higher volatility in order intake and, in particular, a lack of positive economic and market signals, the Board of Management and the Supervisory Board of Jungheinrich AG estimate that the Group’s business performance in 2020 will be significantly weaker than in the current fiscal year. For 2020, revenue is expected to range between €3.6 billion and €3.8 billion (forecast for the full year 2019: between €3.85 billion and €4.05 billion) and EBIT between €150 million and €200 million (forecast for the full year 2019: between €240 million and €260 million). As a result, according to current estimates, EBIT return on sales is expected to range between 4.0 percent and 5.5 percent (forecast for the full year 2019: between 6.0 percent and 6.7 percent).
Despite the difficult economic environment, extensive investments are still being made, especially in the areas of digitalisation, automation and lithium-ion technology. In addition, measures are being taken to increase efficiency in order to safeguard profitability even under deteriorated market conditions.
Press enquiries to:
Martin Wielgus – Head of Corporate Communications
+49 40 6948-3976 / +49 151 54255852 [email protected]
Analyst/investor enquiries to:
Andrea Bleesen – Head of Investor Relations
+49 40 6948-3407 [email protected] www.jungheinrich.com
18-Dec-2019 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: | [email protected] |
| 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: | 938759 |
| End of Announcement | DGAP News Service |