Jungheinrich Q1 Report 2022

Revenue
Group revenue of €1,062 million, an 11 per cent increase against the same period of the previous year (€959 million), was driven by new truck business, rental business and after-sales services. Conditions in the supply chains, caused by the ongoing coronavirus pandemic and the Russia-Ukraine war, remained challenging. Due to the global interconnections in supply chains, the effects of the supply bottlenecks spread throughout the entire supplier and materials portfolio, as well as the associated logistics capacities. Revenue in the “Financial Services” segment came to €256 million in the reporting period, below the figure recorded in the same quarter of the previous year (€274 million).

Earnings and financial position
In the first quarter of 2022, earnings before interest and income taxes (EBIT) amounted to €77.9 million (previous year: €72.1 million) and was negatively impacted by significantly higher material and logistics costs in comparison with the first quarter of the previous year. In the first quarter of 2021 the item contained additions to provisions for the disposal of batteries and warranty obligations. EBIT return on sales amounted to 7.3 per cent (previous year: 7.5 per cent). The financial loss totalled €11.0 million (previous year: loss of €3.9 million) in the reporting period and was particularly influenced by the results from the measurement of the securities and derivatives in the special fund. As a result, earnings before taxes (EBT) from January to March 2022 was slightly down year-on-year at €66.9 million (€68.2 million). EBT return on sales (EBT ROS) came to 6.3 per cent (previous year: 7.1 per cent). Profit or loss amounted to €49.5 million (previous year: €50.1 million). Correspondingly, earnings per preferred share were €0.49 (previous year: €0.50).