Jungheinrich AG : Preview: Q3 2024 due 12 November. A relatively soft quarter should not surprise
>Our estimates are below VA css - We expect the Q3 2024 intralogistics order intake to be actually up y-o-y in Q3 2024 to € 1.25bn on a relatively easy comp, but about 2% below the Visible Alpha (VA) consensus as can be seen in the table page 2. Group sales should come in just shy of € 1.3bn, down 5% y-o-y and 4% below VA css which includes Intralogistics revenues of € 1.31bn (also 4% below css). Consequently, we see the book-to-bill ratio at 0.95x for the Intralogist...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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