Revenue distribution by industry:

• Material Handling Equipment: approx. 70%
• Logistics Systems: approx. 20%
• Financial Services and others: approx. 10%

TOP 3 markets and their percentage shares:

• Germany: approx. 30%
• Europe (excluding Germany): approx. 40%
• Asia-Pacific: approx. 15%

Jungheinrich generates the majority of its revenue in the Material Handling Equipment sector, which includes forklifts and warehouse equipment. The European market, including Germany, is the main revenue driver, with Germany itself accounting for a significant share. The Asia-Pacific region is gaining importance, driven by the increasing demand for automation and more efficient logistics solutions in this region.

Production sites of Jungheinrich AG:

1. Hamburg, Germany
2. Norderstedt, Germany
3. Moosburg, Germany
4. Landsberg, Germany
5. Degernpoint, Germany
6. Lüneburg, Germany
7. Qingpu, China

Jungheinrich AG is a leading provider of intralogistics solutions and mainly produces its products in Germany. The sites in Hamburg, Norderstedt, Moosburg, Landsberg, Degernpoint, and Lüneburg are central production facilities for forklifts and warehouse technology.

In addition, Jungheinrich operates a production site in Qingpu, China, to better serve the Asian market. This global presence enables the company to efficiently respond to demand in different regions and optimize logistics costs.

Revenue growth: 8.5% (2024) Investment in research and development: 6% of revenue (2024)

Jungheinrich Aktiengesellschaft is pursuing a growth strategy that heavily focuses on innovation and digitalization. The company continuously invests in research and development to strengthen its position as a leading provider of intralogistics solutions. A particular focus is on the development of automated and interconnected systems that enable efficiency improvements in logistics.

In addition, Jungheinrich plans to expand its international presence, especially in fast-growing markets in Asia and North America. Through strategic partnerships and acquisitions, the company aims to further increase its market share and tap into new customer segments.

Another component of the growth strategy is sustainability. Jungheinrich increasingly relies on environmentally friendly technologies and solutions to reduce the CO2 footprint and meet the growing customer demand for sustainable products.

Main raw materials: Steel, batteries, electronic components

Countries of origin:

• Steel: Germany, China
• Batteries: China, South Korea
• Electronic components: Taiwan, Japan

Jungheinrich Aktiengesellschaft is a leading provider of material handling equipment, warehouse and material flow technology. For the production of these devices, steel, batteries, and electronic components are crucial.

Steel is mainly imported from Germany and China to ensure high quality standards and production capacities. Batteries, especially lithium-ion batteries, are predominantly sourced from China and South Korea as these countries are leading in battery technology. Electronic components necessary for the control and automation of the devices mainly come from Taiwan and Japan, known for their high-quality electronic products.

This import strategy enables Jungheinrich to offer high-quality products at competitive prices while also leveraging the latest technological developments.

Market share in Europe: approximately 20% (2024)
Research & Development (R&D) expenses: 3.5% of revenue (2024)
EBIT margin: 8.2% (2024)

Jungheinrich Aktiengesellschaft has a significant competitive advantage, especially in the European market, where the company holds a market share of about 20%. This positions Jungheinrich as one of the leading providers in the intralogistics industry.

The company continuously invests in research and development, reflected in an expenditure of 3.5% of revenue. These investments enable Jungheinrich to offer innovative products and solutions that meet the evolving industry requirements.

With an EBIT margin of 8.2%, Jungheinrich demonstrates solid profitability, attributed to efficient operations and a strong market position. These factors combined give the company a sustainable competitive edge over many of its competitors.

Institutional Investor Share: 45% (estimated for 2025)
Insider Buys/Sells: No significant transactions in the last year

The institutional investor share in Jungheinrich is estimated to be around 45%. This indicates a solid interest from institutional investors, reflecting confidence in the company's long-term performance.

There were no significant insider buys or sells in the last year, suggesting that the management and other insiders do not anticipate significant changes in the stock value at present. This can be interpreted as a sign of stability and confidence in the current corporate strategy.

Market share of Jungheinrich AG: 10% (estimated, 2025)

Top competitors and their market shares:

1. Toyota Material Handling: 25%
2. KION Group: 20%
3. Crown Equipment Corporation: 15%
4. Hyster-Yale Materials Handling: 12%
5. Jungheinrich AG: 10%
6. Mitsubishi Logisnext: 8%
7. Komatsu Ltd.: 5%
8. Anhui Heli Co., Ltd.: 3%
9. Clark Material Handling Company: 2%

Economic moat of Jungheinrich AG:

Jungheinrich AG has a moderate economic moat, mainly characterized by its innovation capabilities, a strong sales network in Europe, and a wide range of products in the field of material handling equipment and warehouse technology. The company continuously invests in research and development to enhance its products and integrate new technologies, giving it a certain technological edge.

Compared to its competitors, Toyota Material Handling has the strongest economic moat, supported by its global presence, comprehensive product range, and strong brand recognition. The KION Group also benefits from a strong market position and a broad product portfolio, especially through its brands Linde and STILL.

Crown Equipment Corporation and Hyster-Yale Materials Handling also have significant economic moats supported by their long-standing market presence and innovation capabilities.

Overall, Jungheinrich has a solid, but not outstanding, economic moat compared to the leading competitors. The competition is strong and some have larger resources and a broader international presence.

Revenue Growth: 8.5% (2024) EBIT Margin: 7.2% (2024) R&D Expenses: 4.5% of revenue (2024)

Jungheinrich achieved a revenue growth of 8.5% in 2024, attributed to strong demand for their logistics solutions and successful expansion into new markets. The EBIT margin of 7.2% indicates that the company operates efficiently and is able to control its costs well.

Another positive aspect is the investment in research and development, amounting to 4.5% of revenue. This suggests that Jungheinrich continues to invest in innovations to remain competitive and develop new technologies that could support future growth.

Overall, Jungheinrich demonstrates solid financial metrics and a strategic focus on growth and innovation, making the stock a potentially good investment. However, investors should also consider external factors such as market conditions and economic trends before making a final decision.

Dividend Yield: 3.2% (2024)

Dividend History: Continuous payout over the last 5 years

Jungheinrich Aktiengesellschaft has regularly distributed dividends to its shareholders in recent years. The dividend yield was around 3.2% in 2024, indicating an attractive return for investors.

The company has a solid dividend history and is known for reliably making its payouts. This reflects financial stability and the ability to generate profits and pass them on to shareholders even in economically challenging times. Analysts view Jungheinrich's dividend policy as sustainable, pointing to a positive future development.