Jungheinrich AG : Ambiguous FY 2023 outlook does not impair strong operational performance
>Strong EBIT margin momentum is expected to drag into 2023 (ODDO BHFe: 8.2%) and let mid-term targets appear conservative - Jungheinrich provided the proof of concept that the already strong Q3 2022 EBIT margin of 8.7% was not a one trick pony by even increasing this level q-o-q to 8.8% in Q4 2022 and hereby leaving KION's ITS segment with an 'adjusted' EBIT margin of 5.8% in Q4 2022 far behind. Key catalysts going forward are as follows: 1/ 2025+ strategy targets (es...Jungheinrich is engaged in the development of new trucks and logistics solutions. Co.'s operating activities are divided into two segments: Intralogistics, which is engaged in the development, production and sale of new trucks including logistics systems as well as the mail-order business, short-term hire which include the rental of new and used material handling equipment, reconditioning and sale of used equipment and the provision of after-sales services including the maintenance, repair and spare parts businesses; and Financial Services, which encompasses the usage transfer and sales financing of material handling equipment and warehousing technology products.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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