Jungheinrich has managed to raise revenue by 12% to EUR4.763 billion (USD5.194 billion) in a year dominated by the Russian invasion of Ukraine, which resulted in significantly slower growth of the global economy. 

The main driver of the strong increase in revenue was primarily the new truck business. In turn, this was due to higher revenue from new trucks and very strong growth in the automated systems business.

Lars Brzoska, chairman of the board of management of Jungheinrich AG, says: “Jungheinrich performed very well in the 2022 financial year. Despite the tense market situation, we set new records for revenue and EBIT. In doing so, we proved once again that we are extremely resilient.” 

Jungheinrich forecasts incoming orders worth between EUR4.8 billion (USD5.23 billion) and EUR5.2 billion (USD5.67 billion) for the 2023 financial year. 

This forecast takes into account the acquisition of US-based Storage Solutions Group, which was completed on 15 March 2023 and will provide Jungheinrich AG with a strong platform for growth in the US racking system and warehouse automation sectors in the future.

The forecast is additionally based on the assumption that there will not be any macroeconomic shocks as a result of geopolitical crises or problems on financial markets over the further course of the year. In light of this, the forecast assumes that the supply chains required in order to maintain production will remain largely intact during 2023 and that there will be no widespread production standstills.