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Jungheinrich Updates FY Outlook

Jungheinrich said that it now expects group revenue for fiscal year 2022 to be between 4.6 billion euros and 4.8 billion euros compared to the prior outlook of slightly above the previous year's 4.2 billion euros.

The company now expects incoming orders to be between 4.6 billion euros and 4.9 billion euros for 2022. Previously it was expected slightly below the previous year's 4.9 billion euros.

The company now projects annual earnings before interest and income taxes (EBIT) will come to between 340 million euros and 380 million euros compared to the prior outlook of significantly lower than the previous year's 360 million euros.

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