Jungheinrich Half-Year Report 2022

Revenue
Group revenue of €2,202 million in the first half of 2022 was 11 per cent higher than in the previous-year period (€1,988 million). Revenue in Germany, the largest single market, rose by 7 per cent in the reporting period to €514 mil- lion (previous year: €479 million). Foreign revenue increased considerably by 12 per cent to €1,688 million (previous year: €1,509 million). The foreign ratio thus rose slightly to 77 per cent (previous year: 76 per cent). Revenue from out- side Europe reached €317 million (previous year: €248 million). This represents 14 per cent of Group revenue (previous year: 12 per cent).

The main driver behind the higher Group revenue in comparison with the previous year was new truck business in particular, among others with strong growth in the automated systems business. After sales and revenue from short-term rental and used equipment also made notable contributions to the increase in revenue.

Gross profit on sales increased by €50 million to €682 million (previous year: €632 million) and thus at a lower rate than Group revenue. The main reason for this was the significantly higher costs for materials and logistics year-on-year, which had a severe impact on gross profit. The gross margin correspondingly fell from 31.8 per cent in the same period of the previous year to 31.0 per cent in the first half of 2022.