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Jungheinrich's 2016 financial year: Strong growth - forecast fully met
Hamburg (ots) -
- Incoming orders: +14%, net sales: +12% and net income: +12% - EBIT: +10% to EUR 235 million - Production output: > 100,000 units for the first time - Dividend proposal: +10% - Start of 2017: double-digit growth - Net sales forecast for 2017: EUR 3.3 - 3.4 billion
The Jungheinrich Group closed the 2016 financial year successfully, posting significant increases in all key performance indicators. The main growth drivers were new truck business and the 'Logistics Systems' Division. New record highs were achieved in terms of incoming orders, net sales, production and all earnings figures. The key performance indicators were improved considerably in the first two months of the year underway as well.
Hans-Georg Frey, Chairman of the Board of Management of Jungheinrich AG: "We stayed our strong course for growth in 2016. For the first time, we surpassed the EUR 3 billion mark in terms of both net sales and incoming orders. We outgrew our peer group and expanded our share of the global market. Jungheinrich is right on track towards achieving its strategic goal for 2020.
In 2016, the Group's earnings were boosted to EUR 154 million. Jungheinrich has steadily increased its earnings for the benefit of its shareholders in recent years. The good level of incoming orders by the end of last year has been maintained this year and gives us a positive outlook on the first six months underway. Based on the good figures posted in the first two months of the current year, if the developments witnessed in 2017 thus far continue, we should be able to achieve incoming orders of between EUR 3.4 and EUR 3.5 billion and consolidated net sales in the range of EUR 3.3 to EUR 3.4 billion. Based on our assessments, EBIT for the current fiscal year should total between EUR 250 and EUR 260 million."
Our 2016 Annual Report along with further information can be found at www.jungheinrich.com
2016: The Jungheinrich Group at a Glance FY 2016 FY 2015 Change (%) Incoming orders (million EUR) 3,220 2,817 14.3 Incoming orders (units) 109,200 97,100 12.5 Production (units) 106,300 91,200 16.6 Net sales (million EUR) 3,085 2,754 12.0 EBIT (million EUR) 235 213 10.3 EBIT ROS (%) 7.6 7.7 --- EBT (million EUR) 216 198 9.1 EBT ROS (%) 7.0 7.2 --- Net income (million EUR) 154 138 11.6 Number of employees (FTE, 12/31) 15,010 13,962 7.5
For additional information please see the attached press release.
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