Jungheinrich AG : Q3 23 order intake/EBIT 3% below consensus, lower b-t-b at 0.87x (we expect volumes to recover in H2 2024), FY 23 outlook confirmed
>Q3 2023 EBIT showed resilience (-1% y-o-y), confirming the success of measures to safeguard profitability - Jungheinrich reported Q3 23 order intake up 5% y-o-y to € 1,189m (o/w € 38m from SSI), 3% below the consensus estimate of € 1,225m, but this compares to a reported -8% y-o-y decline at KION's ITS segment in Q3 2023. Revenues increased by 14% y-o-y to € 1,362m (cons € 1,318m) in Q3 2023 fuelled by supply chain normalisation and new business including a € 67m con...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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