Reported Earnings • May 07
First quarter 2026 earnings released First quarter 2026 results: EPS: €0.26. Revenue: €1.27b (down 2.5% from 1Q 2025). Net income: €26.2m (down 62% from 1Q 2025). Profit margin: 2.1% (down from 5.3% in 1Q 2025). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Machinery industry in Switzerland. Announcement • Apr 10
Jungheinrich Aktiengesellschaft, Annual General Meeting, May 19, 2026 Jungheinrich Aktiengesellschaft, Annual General Meeting, May 19, 2026, at 10:00 W. Europe Standard Time. Announcement • Mar 28
Jungheinrich Aktiengesellschaft announces Annual dividend, payable on May 22, 2026 Jungheinrich Aktiengesellschaft announced Annual dividend of EUR 0.2900 per share payable on May 22, 2026, ex-date on May 20, 2026 and record date on May 21, 2026. New Risk • Aug 12
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Aug 11
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: €1.35b (down 1.4% from 2Q 2023). Net income: €75.2m (flat on 2Q 2023). Profit margin: 5.6% (up from 5.5% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Machinery industry in Switzerland. Upcoming Dividend • May 09
Upcoming dividend of €0.75 per share Eligible shareholders must have bought the stock before 16 May 2024. Payment date: 20 May 2024. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Swiss dividend payers (4.1%). In line with average of industry peers (2.0%). Reported Earnings • May 07
First quarter 2024 earnings released First quarter 2024 results: EPS: €0.68. Revenue: €1.27b (down 1.3% from 1Q 2023). Net income: €67.9m (down 23% from 1Q 2023). Profit margin: 5.3% (down from 6.8% in 1Q 2023). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Machinery industry in Switzerland. Reported Earnings • Mar 30
Full year 2023 earnings released: EPS: €2.93 (vs €2.64 in FY 2022) Full year 2023 results: EPS: €2.93 (up from €2.64 in FY 2022). Revenue: €5.55b (up 16% from FY 2022). Net income: €299.3m (up 11% from FY 2022). Profit margin: 5.4% (down from 5.7% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Machinery industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Nov 13
Third quarter 2023 earnings released Third quarter 2023 results: EPS: €0.67. Revenue: €1.36b (up 14% from 3Q 2022). Net income: €68.2m (down 4.5% from 3Q 2022). Profit margin: 5.0% (down from 6.0% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Switzerland. Announcement • Aug 25
Jungheinrich Aktiengesellschaft (XTRA:JUN3) acquired remaining stake in Magazino GmbH from founders Frederik Brantner, Lukas Zanger, and shareholders New-Cell, Inc., FIEGE Logistik Stiftung & Co. KG, Körber AG, others. Jungheinrich Aktiengesellschaft (XTRA:JUN3) acquired remaining stake in Magazino GmbH from founders Frederik Brantner, Lukas Zanger, and shareholders New-Cell, Inc., FIEGE Logistik Stiftung & Co. KG, Körber AG, others on August 23, 2023. Magazino will continue to grow as an independent company within the Jungheinrich Group and also in particular make use of the Group’s global sales and service network and will remain under the management of both Co-Founders Frederik Brantner and Lukas Zanger as well as Dr. Moritz Tenorth. The Magazino brand will be retained and the company will continue to work with external integration partners and customers.Jungheinrich Aktiengesellschaft (XTRA:JUN3) completed the acquisition of remaining stake in Magazino GmbH from founders Frederik Brantner, Lukas Zanger, and shareholders New-Cell, Inc., FIEGE Logistik Stiftung & Co. KG, Körber AG, others on August 23, 2023 New Risk • Aug 17
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 8.9% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 14
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: €1.37b (up 20% from 2Q 2022). Net income: €74.7m (up 40% from 2Q 2022). Profit margin: 5.5% (up from 4.7% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Machinery industry in Switzerland. Upcoming Dividend • May 05
Upcoming dividend of €0.68 per share at 2.0% yield Eligible shareholders must have bought the stock before 12 May 2023. Payment date: 16 May 2023. Trailing yield: 2.0%. Lower than top quartile of Swiss dividend payers (4.2%). In line with average of industry peers (2.2%). Announcement • Jan 26
Jungheinrich Aktiengesellschaft (XTRA:JUN3) entered into a definitive agreement to acquire Storage Solutions, Inc. from Merit Capital Partners, MFG Partners LLC and management of Storage Solutions for approximately $380 million Jungheinrich Aktiengesellschaft (XTRA:JUN3) entered into a definitive agreement to acquire Storage Solutions, Inc. from Merit Capital Partners, MFG Partners LLC and management of Storage Solutions for approximately $380 million on January 25, 2023. The total consideration consists of a purchase price of approximately USD 375 million and a flexible, performance-based component in the mid to high single digit percentage range of the purchase price which can be achieved by the retained Storage Solutions management over three years following completion of the transaction. The acquisition will be financed with available cash and debt with limited leverage impact. For 2022, Storage Solutions reports revenues of approximately USD 290 million and an adjusted EBIT of approximately USD 34 million. The deal is subject to receipt of the merger control clearance in the United States. The executive board and supervisory board of Jungheinrich have approved the transaction. The completion of the acquisition, which is expected to take place in the second quarter of 2023. The acquisition is expected to be accretive to EPS, free cash flow per share and adjusted EBIT margin from the beginning. Morgan Stanley & Co. International plc is acting as financial advisor to Jungheinrich and Freshfields Bruckhaus Deringer is acting as legal advisor, while Deloitte has provided support during the due diligence process. Baird is acting as financial advisor to Storage Solutions and Goodwin Procter LLP is acting as legal advisor. Reported Earnings • Aug 15
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: €1.14b (up 11% from 2Q 2021). Net income: €53.5m (down 24% from 2Q 2021). Profit margin: 4.7% (down from 6.9% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 1.4%, compared to a 8.8% growth forecast for the Machinery industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • May 06
First quarter 2022 earnings released First quarter 2022 results: EPS: €0.48. Revenue: €1.06b (up 11% from 1Q 2021). Net income: €49.5m (down 1.2% from 1Q 2021). Profit margin: 4.7% (down from 5.2% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 2.4%, compared to a 10% growth forecast for the industry in Switzerland. Upcoming Dividend • May 04
Upcoming dividend of €0.68 per share Eligible shareholders must have bought the stock before 11 May 2022. Payment date: 13 May 2022. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Swiss dividend payers (3.8%). Higher than average of industry peers (2.4%). Reported Earnings • Apr 03
Full year 2021 earnings released: EPS: €2.62 (vs €1.48 in FY 2020) Full year 2021 results: EPS: €2.62 (up from €1.48 in FY 2020). Revenue: €4.24b (up 11% from FY 2020). Net income: €266.2m (up 76% from FY 2020). Profit margin: 6.3% (up from 4.0% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to stay flat compared to a 9.8% growth forecast for the industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Nov 12
Third quarter 2021 earnings released: EPS €0.61 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €1.03b (up 12% from 3Q 2020). Net income: €62.5m (up 71% from 3Q 2020). Profit margin: 6.1% (up from 4.0% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS €0.69 (vs €0.28 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €1.03b (up 17% from 2Q 2020). Net income: €70.6m (up 150% from 2Q 2020). Profit margin: 6.9% (up from 3.2% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 4% per year. Reported Earnings • May 08
First quarter 2021 earnings released: EPS €0.49 The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €959.0m (up 4.2% from 1Q 2020). Net income: €50.1m (up 57% from 1Q 2020). Profit margin: 5.2% (up from 3.5% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 10% per year. Upcoming Dividend • May 05
Upcoming dividend of €0.43 per share Eligible shareholders must have bought the stock before 12 May 2021. Payment date: 14 May 2021. Trailing yield: 1.0%. Lower than top quartile of Swiss dividend payers (3.5%). Lower than average of industry peers (1.8%). Reported Earnings • Mar 28
Full year 2020 earnings released: EPS €1.48 (vs €1.74 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €3.81b (down 6.5% from FY 2019). Net income: €151.3m (down 15% from FY 2019). Profit margin: 4.0% (down from 4.3% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 9% per year. Analyst Estimate Surprise Post Earnings • Nov 12
Revenue beats expectations Revenue exceeded analyst estimates by 0.03%. Over the next year, revenue is forecast to grow 1.4%, compared to a 1.3% growth forecast for the Machinery industry in Switzerland. Reported Earnings • Nov 12
Third quarter 2020 earnings released: EPS €0.36 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €922.0m (down 9.3% from 3Q 2019). Net income: €36.6m (down 22% from 3Q 2019). Profit margin: 4.0% (down from 4.6% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 11% per year. 
