euro adhoc: Jungheinrich AG
Financial Figures/Balance Sheet
Jungheinrich
improves operating income/Board of Management proposes
dividend increase/new company structure planned
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Fiscal 2006/New Company Structure
02.03.2007
Hamburg-Jungheinrich AG (ISIN: DE0006219934) continued its course for growth in the financial year that just ended and got off to a good start in 2007. Group net sales for 2006 amounted to 1,748 million euros-6 per cent up on the year-earlier level (1,645 million euros). Last year, operating income (EBIT) advanced by 10 per cent to 118 million euros (prior year: 107 million). The EBIT return on sales totalled 6.8 per cent (prior year: 6.5 per cent).
In light of Jungheinrich AG's positive business performance, the Board of Management of Jungheinrich AG will recommend to the Supervisory Board that a proposal to increase the dividend be submitted at the Annual General Meeting on June 5, 2007. It will be suggested to increase the dividend from 0.45 euros to 0.48 euros per ordinary share and from 0.51 euros to 0.54 euros per preferred share.
Jungheinrich will disclose detailed information on its 2006 financial year at its balance sheet press conference on April 11, 2007, in Hamburg, Germany.
The Board of Management plans to realign the company's structure, which has developed over time. It aims to establish a structure that is tailored to promoting growth and competitiveness, enabling higher levels of transparency and flexibility. The objective is to reorganize the Group according to company law and establish a clear separation between Jungheinrich AG as active management holding company with corporate functions, i.e. sales (sales and after-sales service), engineering, finance, the service centre and real estate on the one hand and the operating units on the other. Units previously belonging to Jungheinrich AG are thus to be spun out into new, autonomous limited partnerships with a stock corporation as fully liable partner obligated to prepare a balance sheet as defined in the German Commercial Code, bearing the abbreviated company designation "AG & Co. KG." A measure of this type is planned for German sales and export sales as well as the plant and the spare parts logistics unit in Norderstedt, Germany. The realignment will not place affected employees at a financial disadvantage.
The new structure is scheduled to be presented to the Supervisory Board on March 27, 2007, for approval and to the Annual General Meeting on June 5, 2007, for adoption of the corresponding resolution. It is slated for implementation in the current fiscal year.
end of announcement euro adhoc 02.03.2007 09:30:00
Further inquiry note:
Markus Piazza
Leiter Unternehmenskommunikation
Tel. +49 (0)40 6948 1550
E-Mail: Markus.Piazza@jungheinrich.de
Branche: Machine Manufacturing
ISIN: DE0006219934
WKN: 621993
Index: SDAX, CDAX, Classic All Share, Prime All Share
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard
Börse Berlin-Bremen / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Niedersächsische Börse zu Hannover / free trade
Hamburger Wertpapierbörse / official dealing