Jungheinrich AG : Standing out from the crowd! Revised FY22 EBIT outlook leaves 14% upside to the consensus (at mid-point)
>New FY22 EBIT outlook provides 14% upside to consensus at mid-point - On Friday, Jungheinrich raised its sales and EBIT outlook to € 4.6bn-€ 4.8bn (from slightly above the FY21 result: € 4.2bn / ODDO BHF: € 4.7bn) and € 340m-€ 380m (from significantly - double-digit - below the FY21 result: € 360m / ODDO BHF: € 361m), respectively. Both parameters translate into an expected range for the EBIT margin of 7.2%-8.0% (FY21: 8.5%) and imply an H2 22 EBIT increase of 4% y-...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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