Jungheinrich AG : Preliminary Q1 EBIT >50% above consensus, FY 2023 EBIT outlook raised by 13% at mid-point (incl. c.-€ 22m net SSI effect), leaving 8% upside to consensus
>Q1 2023 EBIT 54% ahead of consensus (incl. € 9m adverse SSI effect), we already pointed in this direction after promising ITS segment prelims of KGX - Based on preliminary Q1 2023 results, JUN3 expects order intake of € 1.35bn (i.e. up 1% y-o-y), while revenues are expected come in at a level of € 1.29bn (up 21% y-o-y, cons € 1.1bn). In combination with expected EBIT of € 120m, this yields an extraordinary strong EBIT margin of 9.3% (up 2pp y-o-y) and beating EBIT co...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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