Annual report 2022

As a globally leading provider of intralogistics solutions, Jungheinrich has been advancing the development of innovative and sustainable products and solutions for material flows for 70 years. As a pioneer in the sector, the Hamburg-based family business is committed to creating the warehouse of the future.


With its portfolio of material handling equipment, automated systems, digital solutions and matching services, Jungheinrich offers its customers tailor-made solutions from a single source to support them in mastering the growing challenges in intralogistics and achieving their sustainability goals. The company has energy expertise that is unique in the industry with over one million battery-powered trucks in use and especially energy-efficient lithium-ion technology solutions. The company creates fully automated intralogistics workflows with a comprehensive range of automated warehouse systems, mobile robots and software. Uniting economic, environmental and social responsibility is the focus of all its business activities, and the corporate strategy 2025+ pursues the aim of creating sustainable value for all stakeholders.

In 2022, Jungheinrich and its workforce of around 20,000 employees generated revenue of €4.76 billion. The global network covers eleven production plants and 41 service and sales companies. The share is listed on the MDAX.

Highlights

Again highest sustainability rating:
EcoVadis Platinum
Revenue
4,763
m
+12.3%
EBIT
386
m
+7.2%
Dividend
0.68
per preferred share –
historic high
maintained
Resilient business model pays off
Presentation Jungheinrich PowerCube: a new dimension of warehousing efficiency

Investment case

Jungheinrich: Attractive investment in intralogistics
1.

ATTRACTIVE MARKET

International size, sustainable growth opportunities, new operating segments
2.

CORPORATE STRUCTURE AND STRATEGIC ORIENTATION

Family business with a corporate structure and strategy focussed on the long term
3.

COMPLETE SOLUTIONS PROVIDER

Everything from a single source – from hand pallet trucks to automated warehouses
4.

EARNINGS AND FINANCIAL STRENGTH

Top rates of return, cash flow and balance sheet figures in comparison with industry and competitors
5.

RESILIENT

Intact market drivers, resilient customer structure, robust business model
6.

100% ELECTRIC

Leader in lithium-ion technology
7.

SUSTAINABILITY

Among the top 1% of sustainable companies in the world
8.

JUNGHEINRICH SHARE

Yield over 3 and 10 years significantly better than DAX, MDAX and SDAX

CEO statement

Foreword from the Chairman
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THE BOARD OF MANAGEMENT

Jungheinrich board
Jungheinrich board

“With the PowerCube, we presented a highly innovative product in 2022 that sets new standards in terms of the utilisation of space and flexibility in automated warehousing systems.“

Jungheinrich board

“Our powerful financing ability and solid balance sheet safeguard the implementation of Strategy 2025+ and guarantee the flexibility for further growth.“

Jungheinrich board

“Jungheinrich performed very well in 2022. With new highs in revenue and EBIT, we have proven ourselves to be extremely resilient in a difficult market environment.“

Jungheinrich board

“Together we continuously guaranteed our ability to deliver in 2022 in the face of the adverse conditions affecting the supply chains and secured our position in the market despite massive price hikes.“

Automatisierung

Automation

Automation is key to the future growth of Jungheinrich.


The automation strategic field of action focuses on mobile robots, as well as automatic warehouse systems and software. One strategically significant example of the progress we are making in the field of automatic warehouse systems is the PowerCube automated compact storage system, which was introduced in 2022.

Digitalisierung

Digitalisation

This field of action is closely linked to the initiatives in the automation field of action.


Our goal for the coming years is to position Jungheinrich in the best possible way for the “digital warehouse of the future”. Our hybrid cloud is the technological linchpin for the digitalisation of our own processes, for interface management with our customers and for the digitalisation of our customers' intralogistics processes.

Energiesysteme

Energy systems

Electric mobility is one of our core competencies, which we will continue to expand in the energy systems field of action.


Series-produced trucks for intralogistics with lithium-ion batteries have been an established part of our portfolio for more than ten years. We attach strategic importance to material handling equipment with lithium-ion batteries fully integrated into the truck design.

Effizienz

Efficiency

As one of our strategic guiding principles, increasing efficiency runs through all our strategic objectives and initiatives.


The efficiency field of action is aimed at increasing productivity, which we have placed at the centre of your attention. Among other projects, we are currently building a new plant for reach truck production in Czechia.

Global Footprint

Global Footprint

Our goal is to continue to grow through targeted acquisitions and strategic partnerships.


During the 2022 financial year, we continued to methodically screen and evaluate potential acquisitions and strategic partnerships and signed in January 2023 an agreement to acquire Storage Solutions, a leading provider of solutions for racking systems and warehouse automation in the USA. The acquisition expands our global footprint in this region.

Nachhaltigkeit

Sustainability

Jungheinrich's corporate strategy is built around the central goal of creating sustainable value.


Projects in the sustainability field of action therefore span all areas of the company and are divided into different strategic initiatives, such as climate neutrality or eco efficiency. The success of our increasingly sustainable alignment is visibly expressed in ratings.

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Our
targets for the strategy 2025+
Revenue
5.5bn
EBIT ROS
8–10%
EBIT per employee
23,000
ROCE
21–25%
Free cash flow
>€100m
Revenue
outside Europe
20%
Lithium-ion
equipment ratio
70%
Female
managers
20%
Net zero emissions Scope 1 & 2
2030

Financial report

Combined management report
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Consolidated financial statements
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Consolidated statement of profit or loss
Consolidated statement of financial position
Consolidated statement of cash flows