FRANKFURT (dpa-AFX Broker) - The results presented on Tuesday kept Jungheinrich shares on a downward trend. While the share price of competitor Kion developed solidly, that of Jungheinrich sank by around five percent to its lowest level since the end of March.

One trader criticized the fact that the warehouse technology manufacturer had shown weak profitability in the first quarter. This was overshadowed by improved incoming orders. The operating result (EBIT) missed market expectations by nine percent in the opening quarter, the Borsianer said.

He put forward the thesis that Jungheinrich is in a worse position than its competitors this year. The company is less diversified regionally and the introduction of new products is only likely to drive growth in 2025.

Compared to Kion, Jungheinrich shares are also valued at a rather high level./tih/stk