JUNGHEINRICH AG Interim report as of 30 June 2023 Conference call
Dr Lars Brzoska (Chairman of the Board of Management)
Dr Volker Hues (Member of the Board of Management, Finance) Hamburg, 10 August 2023
H1 2023 at a glance
Acquisition of US Storage Solutions Group included in the consolidated financial statements for the first time
Incoming orders up by 9% to €2,684 million
Revenue of €2,658 million, up 21% compared to the previous year
Positive EBIT growth at €236 million and EBIT return on sales of 8.9%
Free cash flow of €−182 million affected by €307 million purchase price payment for Storage Solutions; without the acquisition, the operating business would have generated a positive free cash flow
Forecast for 2023 confirmed
10/08/2023 Conference call, H1 2023 | 2 |
Incoming orders showed solid growth despite difficult market conditions
Incoming orders
in € million
+18% | |
1,334 | |
1,128 | |
Q2 2022 | Q2 2023 |
+9% | |
2,461 | 2,684 |
H1 2022 | H1 2023 |
- Incoming orders of €89 million from the Storage Solutions Group included from 15 March 2023
10/08/2023 Conference call, H1 2023 | 3 |
Very positive revenue growth continues
Revenue
in € million
+20% | |
1,367 | |
1,140 | |
Q2 2022 | Q2 2023 |
+21% | |
2,658 | |
2,202 | |
H1 2022 | H1 2023 |
- Major driver: new business including Storage Solutions (€69 million)
- Established crisis management for procurement processes helps safeguard production
10/08/2023 Conference call, H1 2023 | 4 |
Positive earnings performance
EBIT
in € million
+38% | |
115.7 | |
84.0 | |
EBIT ROS | |
7.4% | 8.5% |
Q2 2022 | Q2 2023 |
+46% | |
235.8 | |
161.9 | |
EBIT ROS | |
7.4% | 8.9% |
H1 2022 | H1 2023 |
- Storage Solutions contribution to operating result: €12 million
- Overall, EBIT negatively affected by acquisition to the amount of €7 million due to transaction-related costs (€8 million), effects of purchase price allocation (€5 million) and variable remuneration components (€6 million)
10/08/2023 Conference call, H1 2023 | 5 |
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Jungheinrich AG published this content on 10 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2023 05:32:08 UTC.
