Jungheinrich AG reported consolidated earnings results for the third quarter and first nine months ended September 2013. For the quarter, the company reported on a like-for-like basis, net sales amounted to EUR 560 million—marginally up on the figure achieved in the same quarter last year (EUR 557 million). The group closed the third quarter of 2013 with earnings before interest and taxes (EBIT) of EUR 41.8 million against EUR 45.1 million in prior year. The decline is due to the delayed start of production at the new warehousing and system equipment plant in Degernpoint.

For the nine months, the company reported consolidated net sales totalled EUR 1,638 million, nearly matching the prior-year level (EUR 1,652 million). Net sales were down 2% to EUR 434 million against EUR 442 million in prior year. EBIT totalled EUR 123.9 million against EUR 130.6 million a year ago. Net income amounted to EUR 26.8 million against EUR 28.1 million in the prior year. Accordingly, earnings per preferred share amounted to EUR 2.27 in the nine-month period of 2013 against EUR 2.45 in the prior year.

The Board of Management confirms its forecast for net sales and incoming orders and expects EBIT to total between EUR 165 million and EUR 170 million. Based on the economic forecasts, the expected developments on the global material handling equipment market and the positive trend displayed by incoming orders year to date, the company confirms its forecast for incoming orders and net sales, expecting figures for fiscal 2013 in the order of last year's level. As regards EBIT, the Board of Management has set its assessment at a figure between EUR 165 million and EUR 170 million.