Jungheinrich Jungheinrich

Jungheinrich - the company operates in the field of industrial, warehouse and loading and unloading technologies.

Since 1953, the company with its central office in Hamburg has offered products and services designed to develop the intralogistics of industrial companies.

Jungheinrich's product range includes various types of warehouse equipment, rack systems, services, warehouse optimization services. According to the results of 2017, in terms of sales of warehouse equipment, Jungheinrich is one of the leaders in both Europe and Russia.

Performance indicators

2017: Sales growth to €3.4bn

Jungheinrich ended the 2017 fiscal year with a significant increase in all key indicators. This positive trend is largely due to stable business growth in the logistics systems segment, as well as high sales volumes of new equipment in the European market.

In 2017, the company's net revenue in monetary terms amounted to 3435 million euros and increased by 11% due to an increase in demand in the European market: in Germany, Russia, France and Italy

• Net profit increased by 18% and reached 182 million euros
• Jungheinrich's European market share reaches 21.5%
• Increase in the volume of incoming orders: + 11% in monetary terms and + 13% in units of production
• Sales growth in Eastern Europe, including Russia: + 20%
• Net revenue forecast for 2018: 3.6 - 3.7 billion euros

Hans-Georg Frey, Chairman of the Board of Directors of Jungheinrich AG:

"Jungheinrich has once again confirmed its forecasts. Our international team of 16,000 people effectively coped with the tasks set. We have successfully passed another important milestone towards our strategic goal - to reach the mark of 4 billion euros in terms of annual sales by 2020.

Our strategic approach, and especially the stake on such megatrends as the development of electric vehicles, automation and digitalization, provide tangible advantages in the market. So, thanks to Jungheinrich's experience in battery development, in 2017 we managed to win the largest contract in the history of the company for the supply of lifting and loading equipment - more than 1000 units of equipment equipped with lithium-ion batteries. More and more customers trust us to automate their warehouses to solve pressing internal logistic problems. As a result, today we can confidently say that Jungheinrich is a key provider of innovative intralogistics solutions in the world.

2013, we have doubled our net revenue, almost exclusively through internal resources. Today, Jungheinrich units are represented in 39 countries. And we will continue to expand our geography.

Based on positive market trends in 2018, we expect incoming orders to generate between €3.75 billion and €3.85 billion, with net revenues of between €3.6 billion and €3.7 billion. The profit before taxes and interest, according to our estimates, will be from 270 to 280 million euros. "

Incoming Orders and Previously Received Orders

The volume of incoming orders for new lifting and loading equipment in kind, including purchase and lease, amounted to 123 thousand units of equipment, which is 13% more than in the previous year (109 thousand units). The volume of incoming orders in monetary terms, which amounted to 3,560 million euros, including the sale of new and used equipment, rental and provision of after-sales services, exceeded the previous year's figure (3,220 million euros) by 11%, or 340 million euros. Approximately a quarter of this amount was obtained due to an increase in demand for solutions for logistics systems.

Production

Production with some delay reflects changes in the volume of incoming orders. In the reporting year, production amounted to 120 thousand units of equipment and exceeded the previous year's figure (106 thousand units) by 13%.

Net sales revenue

Consolidated net sales revenues reached EUR 3,435 million, an increase of 11%, or EUR 350 million, compared to the previous year (EUR 3,085 million). Europe accounted for 88% of them (in the previous year - 87%). This growth was the result of increased demand in Germany, France, Russia and Italy.

Profit

Earnings before taxes and interest (EBIT) increased by EUR 24 million, or 10%, to EUR 259 million (235 million in the previous year).

Net profit increased by 28 million euros, or 18%, to 182 million euros (154 million euros in the previous year).

Research work

Research and development (R&D) expenses, including those for external organizations, increased by 77 million euros compared to the previous year (last year this amount was 62 million euros). This corresponds to 5.3% (in the previous year - 4.9%) of the net sales of new types of lifting and loading equipment related to R&D.

Employees

In the reporting year, Jungheinrich increased its talent potential again, focusing on sales in the European market. As of 31 December 2017, the Group's headcount was 16,248 (15,010 last year). This corresponds to an increase of 8%, or 1,238 employees..

Market Estimate and Forecast for 2018

In light of the positive economic indicators on a global scale, we expect that the growth of the global lifting and loading equipment market in 2018 will be in the range between average and high indicators and will be no more than 10%. The company believes that in some markets it is possible to achieve a higher level of growth.

Given the economic and industry outlook above, Jungheinrich expects the value of incoming orders to be between €3.75 billion and €3.85 billion in 2018. The concern is also striving for a slight increase in market share in Europe (in 2017 it was 21.5%). Consolidated net sales revenues are expected to be between €3.6 billion and €3.7 billion (which reached €3.44 billion in 2017).

Business in Russia

In Russia, organized in 1993.

As of March 2018, Yungheinrich Lifting and Loading Equipment LLC has seven branches - in Moscow, St. Petersburg, Yekaterinburg, Novosibirsk, Krasnodar, Nizhny Novgorod and Voronezh, as well as more than 70 service centers throughout Russia.

2026: Insight Leasing bought a Russian "daughter" Jungheinrich

In February 2026, Insight Leasing Group completed the acquisition of 100% of the Russian legal entity of the German concern Jungheinrich AG - Jungheinrich Lifting and Loading Equipment LLC. Information about this is disclosed in the Unified State Register of Legal Entities (Unified State Register of Legal Entities).

Previous statements from Jungheinrich AG indicated that the value of Russian assets in preparation for the sale was valued well below the carrying amount recorded at the end of 2024. In accordance with the requirements of the Government Commission for Foreign Investment Control, the sale price could not exceed 40% of the market valuation conducted by the Russian appraiser.

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Фото: Jungheinrich

According to reports, at the end of 2024, the revenue of the Russian structure amounted to 13.7 billion rubles, and the size of net profit reached almost 2.5 billion rubles. The main activity of the company was the supply of logistics operators and retailers with a wide range of warehouse equipment: loaders, stackers, richtraks, carts, tractors and order pickers.

As a result of the transaction, 100% of the share in the authorized capital of the company, which is 8 million rubles, was transferred to Insight Leasing LLC. The company changed its name to LLC Lifting and Loading Equipment (LLC PPT). Alexey Makaryev remains the head of the company.

Insight Leasing Group is a private investment structure operating in the markets Russia and the CIS. Its assets include leasing companies Delta leasing Fleet Finance and Fleet Auto Leasing, as well as car rental operator RexRent. The portfolio of previous acquisitions of the group includes the Legion II business center, previously owned by Siemens Siemens Finance leasing company, Deere & Company leasing units, as well as structures and. Avis Renault^[1]

2018

Opening of a branch in Samara

On May 29, 2018, the German concern Jungheinrich (Jungheinrich) announced the expansion of the network of representative offices in the Russian Federation. Following the recent opening of offices in Nizhny Novgorod and Voronezh, a branch in Samara, the eighth Russian division of Jungheinrich, began operating.

The branch will be responsible for the development of Jungheinrich's business in the Samara region. It is expected that the coverage area of ​ ​ the representative office will also include the Republic of Tatarstan and the Ulyanovsk region.

The total area of ​ ​ the Samara branch of Jungheinrich is about 670 square meters, which house office premises, a showroom, a warehouse for finished products and spare parts, as well as a service and restoration area for used equipment. The warehouse is equipped with a full range of Jungheinrich lifting and loading and warehousing equipment for the prompt fulfillment of regional orders and the provision of equipment for rent.

Repair and maintenance of equipment in the Samara region is provided by its own mobile team of highly qualified Jungheinrich specialists.

Jungheinrich's main clients in the Samara region include companies in the field of mechanical engineering, metalworking, electricity, chemical and other industries, as well as retailers, logistics operators and distributors.

Hans-Herbert Schulz appointed CEO of Jungheinrich in Russia

On April 12, 2018, Jungheinrich announced personnel changes in the Russian representative office.

Hans-Herbert Schulz, who also retained the position of Jungheinrich's vice president for Northeast Europe, has been appointed Jungheinrich's CEO in Russia.

In this post, Hans-Herbert Schultz replaced Luke Snyders, who headed the Russian office since 2014, who, in turn, has been appointed CEO of Jungheinrich in the UK since the beginning of 2018.

Alexey Makaryev has been appointed Deputy General Director of Yungheinrich Lifting and Loading Equipment LLC, who will be responsible for the operational activities and sales of the concern in Russia.

Opening a branch in Voronezh

On March 1, 2018, the German concern Jungheinrich (Jungheinrich) announced the opening of the seventh representative office in the Russian Federation - in the city of Voronezh. The purpose of the launch of the branch is to strengthen the position of the concern in the Central Black Earth Economic Region of Russia.

As of March 1, the representative office located at ul. Tekstilshchikov, d. 2V, has begun operating activities. A total area of ​ ​ 450 square meters houses office premises, a showroom, a warehouse of finished products and spare parts, as well as a service and restoration area for used equipment.

Jungheinrich warehouse in Voronezh

The warehouse is equipped with a full range of Jungheinrich lifting and loading and warehousing equipment for the prompt fulfillment of regional orders and the provision of equipment for rent. Repair and maintenance of equipment in Chernozemye is provided by Jungheinrich's own mobile team of highly qualified specialists consisting of 9 people.

2015: Opening a branch in Nizhny Novgorod

In 2015, the German concern Jungheinrich (Jungheinrich) opened a branch in Nizhny Novgorod, its sixth representative office in the Russian Federation.

History

2017: Plans to open units in Colombia, Peru and Ecuador

At the end of December 2017, Jungheinrich announced its intention to create units in Colombia, Peru and Ecuador in 2018. In addition, from January 1, the concern will take control of Grupo Agencia Alemana, a company that has been selling Jungheinrich solutions in South American markets for many years. As a result, Jungheinrich will be able to sell its products in Colombia, Peru and Ecuador directly - without the participation of distribution companies. As a result, the group's direct sales network will cover 39 countries.

Now Jungheinrich will be represented on the international market by its own companies that directly sell Jungheinrich lifting and loading equipment in 39 countries around the world. This confirms that it is possible to consistently implement a growth strategy. After several years of successful cooperation with Grupo Agencia Alemana, which sold our products in the South American region, we are ready to include Colombia, Peru and Ecuador in the Jungheinrich network. As a result, we will have more opportunities to optimally use the potential of the local market, "commented Dr. Lars Brzoska Lars Brzoska, member of the Jungheinrich Board of Directors, responsible for marketing and sales.

According to the company, Colombia, Peru and Ecuador are among the fastest developing countries in South America. The positive change in the economy of these countries laid the foundation for the development of Jungheinrich's business in the region. After the creation of Jungheinrich branches in Brazil (in 2001) and Chile (in 2016), the concern is actively strengthening its position in South America.

2016

Sales growth to €3.08 billion

The main growth drivers were sales of new equipment and the Logistics Systems division. New records are set for indicators such as incoming orders, net revenue, production volume, as well as all profitability indicators.

• The global market of handling and warehousing equipment in 2016 showed growth of + 7%, the Russian market: + 37%
• For the first time, Jungheinrich's production volume exceeded 100,000 units of equipment. 106 thousand units of equipment were manufactured, which is 16% more compared to last year (91 thousand units). Thus, production for the first time exceeded 100 thousand units.
• Incoming orders: 3.22 billion euros, + 14% compared to last year (2.82 billion euros)
• Revenue: €3.085 billion, + 12% year-on-year (€2.75 billion)
• Net profit: 154 million euros, + 12% compared to last year (138 million euros)
• EBIT: 235 million euros, + 10% compared to last year (213 million euros)
• 2017 revenue plan: €3.3 - €3.4 billion

In 2016, Jungheinrich continued research and development aimed at improving the technological level of the company and offering the market innovative solutions. Investments in R&D together with the payment of work performed by third parties reached a record amount of 62 million euros (in the previous year - 55 million euros).

According to the payroll as of December 31, 2016, the number of employees reached a record 1,5010 (in 2015 - 13,962 employees), of which 8,499 worked outside Germany (last year - 7,884 employees) and 6,511 in Germany (last year - 6,078 employees). 186 new employees were hired in connection with the acquisition or establishment of new companies.

Becoming an SAP Integrator

On December 7, 2016, Jungheinrich announced that it had received the status of an SAP EWM (Extended Warehouse Management) Integrator in Warehouse Management Systems and received the appropriate SAP certification.

Jungheinrich has included SAP EWM in its product portfolio, which is part of SAP SCM's comprehensive supply chain management system and contains the full set of necessary functions to effectively manage today's warehouse.

Jungheinrich Ad, (2016)

By expanding its IT potential, Jungheinrich offers optimal warehouse technologies and IT solutions for any type of warehouse - regardless of the size and level of automation. Many years of experience and unique knowledge in the design, implementation and maintenance of logistics systems make the concern a universal supplier offering comprehensive solutions and unique support programs.

By complementing the warehouse management product line with the solution, SAP EWM Jungheinrich is now able to offer its customers even more flexible and adaptive technology, which is especially important for customers whose IT platform is implemented exclusively on the basis of. SAP Dr Markus Heinecker, Managing Director of Jungheinrich Systemlösungen GmbH

The certification is expected SAP to help strengthen Jungheinrich's position in implementing system logistics solutions.

2015: Sales growth to €2.75 billion

2015 was a successful year for Jungheinrich, with results beating ambitious forecasts:

• The volume of incoming orders increased by 11%, to 2.82 billion euros
• Market share rose worldwide and in key Western European market
• Production exceeded 90,000 units for the first time
• Net sales up 10%, to €2.75 billion
• Earnings before interest and DTP taxes (EBIT) rose 10% to €213 million
• Preferred stock dividend on offer up 14%

Jungheinrich AG Chairman Hans-Georg Frey notes:

"The 2015 fiscal year was once again an extremely successful one for Jungheinrich. We exceeded our ambitious forecasts for key financial indicators: incoming orders, net sales and profits - and increased our share in the key market, in Europe, and around the world. Moreover, in 2015, the consolidated profit of the concern increased to 138 million euros. A decent level of incoming orders at the end of last year remained in 2016, and gives us grounds for confidence in the first half of 2017. "

In 2015, incoming orders in units of production amounted to 97.1 thousand forklifts, which is 13% higher than the corresponding figure of the previous year (85.6 thousand forklifts). This increase is definitely higher than the overall industry figure in a world where there was virtually no growth: 1.1 million units in 2015 (the previous year - 1.09 million units). In addition, this indicator also exceeds the positive trend noted in the European market: an increase of 8%, to 373 thousand units of products (the previous year - 345 thousand units). Together, this allowed Jungheinrich to increase its share in the European and global markets.

In financial terms, incoming orders across all Jungheinrich business units grew by 11% to €2,817 million (previous year €2,535 million). Having reached the figure of 91.2 thousand units of equipment, the concern's production volume for the first time exceeded the mark of 90 thousand units. Consolidated net sales increased by 10% to €2,754 million (previous year €2,498 million).

Earnings before interest and taxes (EBIT) also rose 10%, reaching €213 million (previous year €193 million). Profit before tax (PDN, EBT) reached €198 million, up 13% year-on-year (€175 million).

Strategic steps have been successfully implemented - such as the acquisition of the MIAS group, specializing in the production of stacker cranes, in order to further grow the logistics systems division, as well as the expansion of the group's direct sales and service network, which will now include Australia, Malaysia, South Africa and Romania. As of December 31, 2015, thanks in part to the acquisitions, the group's headcount reached an absolute record of 13,962.

Notes