Jungheinrich's Moosburg plant

Jungheinrich appears to be on track to achieve its goals for the 2015 financial year, reporting a 13% income jump in the last quarter.

The value of incoming orders reached EUR2.089 billion (USD2.239 billion), up 11% year on year. After nine months, consolidated net sales totaled EUR1.965 billion (USD2.106 billion), up 10% from the same time last year.

Net income was 13% higher than in the third quarter of last year.

Jungheinrich notes that the global market volume expanded by 1% from January to September 2015, from 818,600 to 827,900 units. Europe recorded a rise of 7% (274,900 units), with Western Europe rising 11%, while Eastern Europe fell by 12%.

The company also reports shrinkage in Asia, which fell 6% to 321,900 trucks. The decrease was primarily a result of the decline in demand for IC engine-powered counterbalance trucks in China. Asia's market, excluding China, grew 4%. Jungheinrich says its business was not affected by the decline because its core activity in the region is warehousing equipment.

After nine months, demand in North America has risen 11% to 172,100 units.

Jungheinrich says its sales growth has been driven by new truck business. Cumulatively, net sales in new truck business amounted to EUR1.063 billion (USD1.138 billion), 10% up on the same period in 2014.

Overall, the short-term hire and used equipment business expanded by 11%, after-sales services gained 8% and healthy rises were also recorded for financial services.

The German-based giant notes a staffing increase of 688 employees in the first nine months, 259 of whom were added in the third quarter of 2015. Total staffing by September 30 had reached 13,237 people - 44% of them in Germany.