Jungheinrich experienced a “solid third quarter”, according to its latest earnings report.
The German intralogistics group reported a slight improvement in earnings in the first nine months of the year on sales which were 12.5% higher than in the same period of the previous year.
The main driver of the growth in group revenue was new truck business, partially due to solid growth in automated systems.
“In light of the difficult conditions, the numbers we are publishing are proof of the resilience of our company,” says Lars Brzoska, chairman of the board of management of Jungheinrich AG.
Using consistent supply chain management, Jungheinrich was largely successfully able to avoid production interruptions over the past three quarters. At the same time, the considerable increases in the cost of materials were partially offset “using appropriate measures”.
Orders on hand in the new truck business rose by 23% against the end of 2021 due to the continuing limited availability of production materials for processing.
Since autumn of 2020, Jungheinrich has been resolutely implementing Strategy 2025+, with the goal of creating sustainable value for all stakeholders.
The company says all ongoing and upcoming Strategy 2025+ initiatives and measures will continue as planned, taking into consideration the deterioration in general conditions as a result of the start of the war in Ukraine.