Jungheinrich Ag Pref · XETR:JUN3
Jungheinrich Ag Pref — Jungheinrich — FY2024 Earnings Presentation
25 slides from Jungheinrich Ag Pref's earnings presentation, Mar 27, 2025
Slide 1: Virtual analyst conference for the 2024 financial year
Virtual analyst conference for the 2024 financial year Dr Lars Brzoska (Chairman of the Board of Management) Dr Volker Hues (Member of the Board of Management, Finance) Hamburg, 27 March 2025
Slide 2: Agenda
Agenda 1 2024 Highlights | Dr Lars Brzoska 2 Key figures for 2024 | Dr Volker Hues 3 Outlook for 2025 | Dr Lars Brzoska
Slide 3: Robust business development in difficult market environment
2024 financial year: Robust business development in difficult market environment Incoming orders (€5.3 billion) Continued focussed and revenue (€5.4 billion) in implementation of strategy line with expectations Successful post-merger EBIT return on sales 8.1% integration of Storage Solutions and Mag
Slide 4: Positive earnings performance in Q4
Positive earnings performance in Q4 Q4 2023 Q4 2024 Change % Effects in Q4 2024 Incoming orders in € million 1,365 1,380 1.1 Incoming orders: slight decline in new business more than offset by Revenue in € million 1,526 1,469 –3.7 growth in after-sales services EBIT in € million 91 114 25.3 Revenue
Slide 5: 2024 forecast achieved
2024 forecast achieved Actual Forecast 2024 November 20241 Difficult market environment impacts lower half of range incoming orders Incoming orders in € billion 5.3 5.2 to 5.8 lower half of range EBIT return on sales reaches middle of Revenue in € billion 5.4 forecast range despite lower revenue 5.3
Slide 6: Focus on sustainability
Focus on sustainability Creating sustainable value First-class ratings results: EcoVadis platinum awarded for fourth consecutive time 55 of 68 Jungheinrich companies use electricity from renewable sources Start of the development of a Group-wide circular economy strategy Climate target affirmed: Jun
Slide 7: Board of Management team
Board of Management team Dr Lars Brzoska Dr Volker Hues Heike Wulff Chairman of the Board of Management, Member of the Board of Management, Member of the Board of Management, Finance Corporate, Automation (interim) Accounting, Controlling, Tax Nadine Despineux Maik Manthey Member of the Board of Man
Slide 8: Agenda
Agenda 1 2024 Highlights | Dr Lars Brzoska 2 Key figures for 2024 | Dr Volker Hues 3 Outlook for 2025 | Dr Lars Brzoska
Slide 9: Slight increase in incoming orders despite difficult market environment
Slight increase in incoming orders despite difficult market environment Incoming orders Incoming orders in € million in thousand units +1% 5,238 5,311 +3% 122 126 2023 2024 2023 2024 Decline in new business offset by increases in after-sales services 9
Slide 10: Slight decrease in revenue
Slight decrease in revenue in € million 2023 2024 Change % New business 3,384 3,148 –7.0 Revenue in € million –3% Short-term rental and 761 781 2.6 used equipment 5,546 5,392 After-sales services 1,451 1,535 5.8 Intralogistics segment 5,595 5,464 –2.3 Financial Services 1,322 1,417 7.2 segment Conso
Slide 11: Development of revenue reflects market weaknesses in Germany and North America
Development of revenue reflects market weaknesses in Germany and North America Top 5 revenue countries APAC 7% (7%) 10% (11%) Americas 1. Germany 2. Italy 3. France 4. USA 5. United Kingdom Revenue by region in € million 2023 2024 Change % EMEA excluding EMEA 4,521 4,486 –0.8 22% (22%) Germany Germa
Slide 12: Earnings figures at previous year’s level
Earnings figures at previous year’s level EBIT EBT in € million +1% in € million +1% 430 434 399 404 7.8% EBIT ROS 8.1% 7.2% EBT ROS 7.5% 2023 2024 2023 2024 EBIT benefits from measures to safeguard earnings 12
Slide 13: Continous dividend payments
Continous dividend payments Profit or loss Earnings per preferred share Dividend per preferred share in € million in € in € –3% –3% 2.94 2.84 299 289 +7% 0.75 0.80 2023 2024 2023 2024 2023 2024 13
Slide 14: Capital expenditure at previous year’s level, R&D expenditure reflects increased development services
Capital expenditure at previous year’s level, R&D expenditure reflects increased development services Capital expenditure1 Research and development expenditure in € million in € million +13% 171 152 –2% 90 88 Capital Activation 1.6% expenditure 1.6% 29% ratio 29% ratio 2023 2024 2023 2024 Significan
Slide 15: Free cash flow increased
Free cash flow increased Cash flow from operating activities Cash flow from investing activities Free cash flow in € million in € million in € million + €106 + €310 + €416 million million million 2023 2024 578 472 431 -147 15 -457 2023 2024 2023 2024 Cash flow from operating activities Cash flow fro
Slide 16: Increase in ROCE, noticeable improvement in working capital ratio
Increase in ROCE, noticeable improvement in working capital ratio Average capital employed Working capital, Intralogistics segment Group in € million in € million –2% 2,564 2,517 EBIT in Intralogistics segment –11% 407 436 1,139 1,009 ROCE1 in % of 15.9% in % 17.3% 20.5% revenue 18.7% 31/12/2023 31/
Slide 17: Financial Services: New contract volume exceeds €1 billion mark
Financial Services: New contract volume exceeds €1 billion mark Original value of new Original value of Revenue Trucks in contracts contracts contracts on hand in € million on hand in € million in € million in thousand units +5% 4,267 4,069 +7% +6% 1,322 1,417 –1% 971 1,028 223 220 2023 2024 31/12/2
Slide 18: Cautious personnel policy in a difficult market environment
Cautious personnel policy in a difficult market environment Group employees in FTE1 –195 –1% 21,117 20,922 8,688 8,510 12,412 12,429 31/12/2023 Abroad Germany 31/12/2024 No immediate filling of vacant positions, increased utilisation of capacities in Business Services Centres is the main factor shap
Slide 19: Agenda
Agenda 1 2024 Highlights | Dr Lars Brzoska 2 Key figures for 2024 | Dr Volker Hues 3 Outlook for 2025 | Dr Lars Brzoska
Slide 20: Geopolitical tensions weigh on European economic expectations
Geopolitical tensions weigh on European economic expectations Risks Opportunities Weak European Intact drivers: electrification, economic environment automation, digitalisation, e-commerce and sustainability Geopolitical conflicts, Innovations and incl. trade tariffs disruptive technologies GDP1 in
Slide 21: 2025 forecast: Jungheinrich continues profitable growth despite gloomy economic outlook
2025 forecast: Jungheinrich continues profitable growth despite gloomy economic outlook Actual Targets Forecast assumptions 2024 2025 forecast Strategy 2025+ Incoming orders in € billion 5.3 5.5 to 6.1 No further intensification of geopolitical tensions Revenue in € billion 5.4 5.4 to 6.0 6.0 No s
Slide 22: Publication on 7 May 2025
JUNGHEINRICH Publication on 7 May 2025
Slide 23: Q&A
Q&A 23
Slide 24: Disclaimer
Disclaimer The explanations in this presentation are developments in competition and regulatory partially forward-looking statements that are frameworks and regulations, exchange and based on the company management’s interest rates and the outcome of pending or current expectations, assumptions and
Slide 25: 2025 financial calendar and IR contact
2025 financial calendar and IR contact Financial calendar IR contact Date Event Andrea Bleesen Head of Corporate Investor Relations 27/03/2025 Balance sheet press conference (virtual) Jungheinrich Aktiengesellschaft 27/03/2025 Analyst conference (virtual) Friedrich-Ebert-Damm 129 22047 Hamburg, Germ