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Jungheinrich AG Revises Earnings Guidance for the Year 2021

10/25/2021 | 11:05am
Jungheinrich AG revised earnings guidance for the year 2021. For the year, due to continuing significant challenges in the supply chain, the group revenue is expected to fall within the previously forecast range of EUR 4.0 billion to EUR 4.2 billion. According to current estimates, earnings before interest and income taxes (EBIT) will come to be between EUR 340 million to EUR 370 million against previous guidance range of EUR 300 million to EUR 350 million. This increased forecast assumes that the material supply, which continues to be fraught, particularly in the case of electronic components, will not deteriorate significantly during the remaining weeks of the financial year. Measures to ensure the company?s ability to deliver will continue to be implemented without limitation. At the same time, worsening bottlenecks in the supply of materials potentially leading to serious production shutdowns in the future cannot be ruled out.
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