Jungheinrich records successful first half

News Story
- 17 Aug 2023 ( #1141 ) - Hamburg, Germany
1 min read
Jungheinrich attended this year's LogiMAT conference and trade show in Stuttgart
Jungheinrich attended this year's LogiMAT conference and trade show in Stuttgart

Jungheinrich has reported a 21% increase in revenue to EUR2.7 billion (USD2.9 billion) in the first half of 2023 despite weakening economies in the eurozone.

The newly acquired Storage Solutions Group helped boost incoming orders 9% to EUR2.7 billion (USD2.9 billion), while earnings rose by 46% to EUR 236 million (USD257 million).

The company re-confirmed its full year forecast of incoming orders of between EUR5 billion and EUR 5.4 billion (USD5.5 billion to USD5.9 billion), with group revenue expected to be within a range of EUR5.1 billion to EUR5.5 billion (USD5.6 billion to USD6 billion). 

Jungheinrich chairman Dr Lars Brzoska says: “The first half of the year was very successful for Jungheinrich. Our recent strong revenue growth continued. 

“Through the acquisition of the Storage Solutions Group, we gained an important platform for growth in the area of racking systems and warehouse automation in the United States. “That is now reflected for the first time in our consolidated financial statements. 

“We continue to press ahead with the implementation of our Strategy 2025+ and confirm our forecast for the current year.”

Jungheinrich’s main research and development (R&D) activities in the first half of 2023 focussed on lithium-ion technology-based energy storage systems, new materials handling equipment, digital products, mobile robots and the optimisation of automated systems. 

Manitou reports record 2023 financial results
Manitou reports record 2023 financial results 14 Mar 2024 - Ancenis, France - 1 min read
Terex posts strong 2023 results
Terex posts strong 2023 results 15 Feb 2024 - Norwalk, CT, United States - 1 min read
Konecranes reports record 2023 sales
Konecranes reports record 2023 sales 8 Feb 2024 - Hyvinkää - 1 min read
Previously about:
Lower emissions a major focus at LogiMAT News Story - 11 Apr 2024 - Stuttgart, Germany - 5 min read
Movers & Shakers News Story - 4 Apr 2024 - 4 min read
Safety front of mind at LogiMAT News Story - 28 Mar 2024 - Stuttgart, Germany - 6 min read
Do you have materials handling news? Submit your news here

Showcased in the Virtual Expo

“I really enjoy your newsletter and share the articles with all my training team for industry currency. I also print and display specific articles on forklift safety and accidents on our notice board for all the learners who attend our training courses to read...”

Gavin Trim - CEO, High Risk Work Licence Assessor, Mechanical Handling Equipment Specialist - Nationwide Training

Thanks Gavin for sharing your experience with Forkliftaction

Words of support …

I know I can count on them. They give valuable suggestions on the campaign planning, and to publish content is as easy as abc, as they take care of the material layout and check links. This is a great support.

Annalisa Castellini, Marketing Manager - Bolzoni S.p.A.

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

“I really enjoy your newsletter and share the articles with all my training team for industry currency. I also print and display specific articles on forklift safety and accidents on our notice board for all the learners who attend our training courses to read...”

Gavin Trim - CEO, High Risk Work Licence Assessor, Mechanical Handling Equipment Specialist - Nationwide Training

Thanks Gavin for sharing your experience with Forkliftaction

PREMIUM business

Tailift Material Handling USA Inc
Part of Toyota Industries Group - Leading manufacturer of High-quality machines.

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

“I really enjoy your newsletter and share the articles with all my training team for industry currency. I also print and display specific articles on forklift safety and accidents on our notice board for all the learners who attend our training courses to read...”

Gavin Trim - CEO, High Risk Work Licence Assessor, Mechanical Handling Equipment Specialist - Nationwide Training

Thanks Gavin for sharing your experience with Forkliftaction