Jungheinrich Q3 Report 2023

Revenue

The main driver behind the year-on-year increase in Group revenue was new business. In addition to the positive growth in new trucks, the revenue from Storage Solutions of €136 million, of which €67 million was generated in the third quarter of 2023, also contributed to this performance. Like the developments in orders on hand, revenue also profited from the further normalisation of supply chains.

Incoming orders and orders on hand

Incoming orders for all business fields – new business1, short-term rental and used equipment, and after-sales services – came to €3,873 million in the reporting period, which is 8 per cent above the previous year’s figure of €3,594 million. The incoming orders attributable to the Storage Solutions Group amount to €127 million, of which €38 million was generated in the third quarter. However, demand for forklifts has decreased in the last nine months. In the third quarter of 2023 in particular, orders (units) declined noticeably both in comparison with the third quarter of 2022 and the previous quarter of 2023.

Orders on hand in new business amounted to €1,587 million as of 30 September 2023. This figure is €169 million, or 10 per cent, less than in the previous year (€1,756 million) and is on a par with the orders on hand as of 31 December 2022 (€1,595 million). The figure includes the Storage Solution Group’s orders on hand of €111 million. Developments in orders on hand are due to the further normalisation of supply chains, which led to a successive processing of existing orders.