Announcement • Jul 25
Jungheinrich Aktiengesellschaft Revises Earnings Guidance for the Full Year 2026 Jungheinrich Aktiengesellschaft revised earnings guidance for the full year 2026. For the year, the company expects EBIT to be between €340 million and €400 million against previously expected range of €380 million to €450 million. Revenue to be between €5.3 billion and €5.9 billion (previously: €5.2 billion to €5.8 billion). The main reasons for this are the consequential effects of the strike at the Lüneburg plant, which ended in February, changes in material costs and a continuing highly competitive market environment. It is no longer expected that the operating profit contribution from the former Russian subsidiary will be offset. 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. Announcement • Feb 06
Jungheinrich Aktiengesellschaft to Report Fiscal Year 2025 Results on Mar 27, 2026 Jungheinrich Aktiengesellschaft announced that they will report fiscal year 2025 results on Mar 27, 2026 Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €25.92, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 15x in the Machinery industry in the United Kingdom. Total loss to shareholders of 12% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €36.95 per share. 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. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (8.9% operating cash flow to total debt). Shares are highly illiquid. 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 the United Kingdom. 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 British dividend payers (5.8%). Lower than average of industry peers (2.5%). Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to €35.04, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 18x in the Machinery industry in the United Kingdom. Total returns to shareholders of 87% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €36.23 per share. 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 16
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 9.1% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 07
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 9.3% growth forecast for the industry in the United Kingdom. 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 British dividend payers (4.7%). Higher than average of industry peers (2.0%). Reported Earnings • Apr 05
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 grow 2.7%, compared to a 11% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. 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 11% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €31.26, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 19x in the Machinery industry in the United Kingdom. Total returns to shareholders of 17% over the past three years. 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 increased by 17% per year, which means it is tracking significantly ahead of earnings growth. 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 but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 12
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 but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. 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 but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. 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 British dividend payers (4.0%). Lower than average of industry peers (1.9%). Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improved over the past week After last week's 16% share price gain to €47.36, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 26x in the Machinery industry in the United Kingdom. Total returns to shareholders of 38% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €27.98 per share. Reported Earnings • Mar 31
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 but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 23
New 90-day low: €35.74 The company is down 3.0% from its price of €36.74 on 25 November 2020. The British market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €23.54 per share. Is New 90 Day High Low • Jan 20
New 90-day high: €40.02 The company is up 11% from its price of €35.96 on 22 October 2020. The British market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €26.68 per share. Is New 90 Day High Low • Dec 15
New 90-day high: €39.00 The company is up 35% from its price of €28.86 on 16 September 2020. The British market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €26.82 per share. 
