Jungheinrich AG : Q1 24 EBIT 9% below css and EPS down 23% y-o-y, order intake stabilised (almost flat y-o-y) and FY 24 outlook confirmed
>Q1 24 EBIT missed expectations (-15% y-o-y), while order intake remains resilient (+1% y-o-y) - Jungheinrich reported Q1 24 order intake up 1% y-o-y to € 1,363m, almost in line with the consensus estimate of € 1,355m and compared to a reported 8% y-o-y decrease at KION's ITS division in Q1 24 (after strong beat in Q4 23). Revenues declined by 1% y-o-y to € 1,274m (css € 1,292m) in Q1 24. The decline in new trucks business (less safety net in terms of order backlog c...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.