Jungheinrich lifts its forecast

Due to very strong incoming orders in the first quarter of 2021 and an expected high level of demand for the remainder of the year, Jungheinrich is raising its forecast for 2021. Based on updated corporate planning for the entire 2021 year, the board of management now expects incoming orders of EUR4.2 billion - EUR4.5 billion (USD5 billion - USD5.4 billion) - up from the predicted EUR3.9 billion - EUR4.1 billion (USD4.7 billion - USD4.95 billion). This updated forecast is based on the assumption that there will be no more widespread lockdowns or plant closures over the course of the year and that the group's supply chains will remain intact. "We will continue to fully implement measures to ensure Jungheinrich's ability to deliver. The Strategy 2025+ goals that were published in November 2020 will be further pursued to their full extent and the key targets for 2025 will be reviewed over the course of the year," the company says in a market update. Jungheinrich recorded a very strong start to 2021. Incoming orders increased by 30% in the first quarter of 2021, compared to the same period last year. The interim statement of Jungheinrich AG as of 31 March 2021 will be published on 7 May 2021.