Jungheinrich Annual General Meeting: Successful 2016 – Strong Start in 2017!
17 May 2017
Dividend on preferred shares up 10 percent
Strong growth in the first quarter of 2017
Hans-Georg Frey: “Automation, digitalization and networking already reality at Jungheinrich.”
At today’s Annual General Meeting, the shareholders of Jungheinrich AG approved a dividend on preferred shares of 0.44 euros. This corresponds to an increase of 10 percent from the previous year. In his speech, the Chairman of the Board of Management Hans-Georg Frey presented the good corporate figures for 2016 as well as the first quarter of 2017, provided a positive outlook for the entire year and reported on the Group’s growth course and strategic development in front of 650 shareholders and guests. The Group’s focus is on products and solutions in the areas of logistics systems, automation and energy efficiency.
Hans-Georg Frey, Chairman of the Board of Management: “Jungheinrich completed 2016 with high marks: for the first time, more than 100,000 vehicles, more than 3 billion euros in net sales and more than 15,000 employees worldwide. We remained on this good course in the first quarter. By doing so, we are demonstrating our successful evolution from a traditional machine builder into a leading intralogistics solution provider. Jungheinrich is not only participating in Intralogistics 4.0, but is taking the lead on it. Automation, digitalization and networking are already reality at Jungheinrich thanks to innovative products and solutions. The result is Jungheinrich 4.0. Therefore, we are well positioned with our Strategy 2020 beyond the 2017 financial year.”
In the first quarter of 2017, we were able to continue the positive trend of the previous year. With an increase of 15 percent, incoming orders reached € 869 million (Q1 2016: € 755 million). It was possible to increase unit-based incoming orders by 13 percent from 27.5 thousand vehicles in the first quarter of 2017 to 31 thousand vehicles. In the same period, production rose by 21 percent, from 24 thousand vehicles to 29 thousand vehicles.
Source: Jungheinrich AG