Jungheinrich stock started weak into the new stock year 2024 and lost around 7 percent in the first month. On an annual basis, it is even a decrease of about 15 percent. However, the stock of the forklift company still holds the 30 euro mark (as of January 31, 2024, 11 a.m.).

In the first 9 months of 2023, Jungheinrich struggled with the weakening economy and disappointed slightly in terms of margin and order intake, especially in Q3. Now investors are waiting for the presentation of the business figures for the full year – as the targets for the past year have been confirmed.

How was the final quarter at Jungheinrich? With a lower EBIT margin (decrease from 8.7 to 7.6 percent) and a significantly lower order intake compared to Q2 in the third business quarter, Jungheinrich did not present strong figures.

Nevertheless, the MDAX company has held on to its annual goals and expects sales between 5.1 and 5.5 billion euros (2022: 4.8 billion euros), EBIT between 400 and 450 million euros (2022: 386 million euros) and order intake between 5.0 and 5.4 billion euros.

To achieve these goals, Jungheinrich is counting on a strong final quarter of 2023. This is also the expectation of the analysis firm Jefferies. In their latest analysis from last week, Jefferies lowered the target price of Jungheinrich stock from 42 to 40 euros – but the new target still represents almost 30 percent growth potential.

Jungheinrich stock: Fresh impetus from figures In the long term, the machine builder from Hamburg is very well positioned and has further growth potential as one of the world market leaders for material handling and storage technology. However, it also shows that Jungheinrich cannot always gain in every market situation and is to some extent dependent on the global economy.

In the short term, investors should pay attention to the annual report and the forecast for 2024. Depending on whether the company has exceeded or surpassed the goals through a strong final quarter, this could also give new impetus to Jungheinrich stock.

Source: https://aktienscreener.com/