Jungheinrich is once again raising its forecast for incoming orders, EBIT, EBIT return on sales, EBT, EBT return on sales and ROCE for the 2021 financial year.

The company notes that demand continues to be strong. Through targeted management of the supply chain, production shutdowns have largely been successfully avoided and the material price increases, which were substantial in some cases, were more than offset by corresponding price adjustments and efficiency measures.

The board of management now expects incoming orders of between EUR4.6 billion (USD5.3 billion) and EUR4.8 billion (USD5.6 billion) for the entire 2021 year (previous projection - EUR4.2 billion/USD4.8 billion  to EUR4.5 billion/USD5.2 billion).

Due to continuing significant challenges in the supply chain, group revenue is expected to fall within the previously forecast range of EUR4.0 billion and EUR4.2 billion (USD4.6 billion – USD4.8 billion).

Jungheinrich’s increased forecast assumes that material supply, which continues to be fraught, particularly in the case of electronic components, will not deteriorate significantly during the remaining weeks of the financial year. Measures to ensure Jungheinrich’s ability to deliver will continue to be implemented without limitation. However, worsening bottlenecks in the supply of materials potentially leading to serious production shutdowns in the future cannot be ruled out.

Despite delivery problems with production materials and increased material costs, the Jungheinrich group’s business development up until 30 September 2021 is described as “very good”.

After nine months, incoming orders surpassed those of the previous year by 31%, the company notes.

Jungheinrich is expected to finalise its figures on 10 November 2021.