Jungheinrich AG : Strong Q3 cashflow while 2024 orders and sales seen at lower end now
>Headline KPIs: Q3 P&L metrics broadly in line with expectations - Order intake intralogistics came to € 1,266m (ODDO BHFe: € 1,250m, Visible Alpha css € 1,257.2m), about 1% ahead of our expectation and the consensus (css). Group sales came to € 1,301m (ODDO BHFe: € 1,297m, css € 1,352.5m), and was thus in line with our forecast, but below consensus by 3%. EBIT was released at € 105.7m (ODDO BHFe: € 103m, css € 106.7m), 3% ahead of our projection, and 1% below css. ...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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