Jungheinrich is a top 15 warehouse automation equipment supplier.
With the global market for forklifts up 17% globally so far this year, investors have been concerned about growth dropping off next year, after the effects of the extraordinary spend from China on internal combustion forklifts dissipate. With its third-quarter results call, Jungheinrich guided for global and European market forklift growth to slow to around 5%-8% and logistic systems revenue to grow by double digits. On a blended basis, we would translate this to mid- to high-single-digit revenu...
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