EANS-Adhoc: Jungheinrich proves successful in 2008 in a difficult market environment/Net sales achieve new record/Significant market and business contraction expected for 2009

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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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08.04.2009

Hamburg—Jungheinrich AG (ISIN DE0006219934) maintained its course for growth in
the 2008 financial year although the world economy began cooling considerably in
the fourth quarter. Incoming orders, including all divisions, climbed by 1 per
cent to 2,145 million euros (prior year: 2,120 million euros). Group net sales
for 2008 amounted to 2,145 million euros—7 per cent up on the year-earlier level
(2,001 million euros). Last year, earnings before interest and taxes (EBIT)
declined by 13 per cent to 121.8 million euros (prior year: 139.5 million
euros). The EBIT return on sales totalled 5.7 per cent (prior year: 7.0 per
cent).

The Board of Management and the Supervisory Board will propose to the Annual
General Meeting on June 9, 2009 that a marginally lower dividend of 0.49 euros
per ordinary share (prior year: 0.52 euros) and of 0.55 euros per preferred
share (prior year: 0.58 euros) be paid.

After the global market for material handling equipment expanded in the first
three quarters of 2008, it declined by about 40 per cent in the fourth quarter—a
trend that continued in the first two months of this year. The market was cut in
half compared to the very large volume it had in the preceding year.
Jungheinrich was unable to decouple itself from this development, but succeeded
in strengthening its position on the market. In the first two months of 2009,
the value of incoming orders was down some 31 per cent to 254 million euros
compared with the year-earlier level (368 million euros). By the end of
February, net sales amounted to an accumulated 249 million euros, which was 19
per cent less than the 306 million euros recorded by the same time in 2008.

Jungheinrich is braced for a significant reduction in market and business volume
in 2009. At present, demand is not anticipated to be revitalized before the
second half of 2010. The company expects incoming orders and net sales to be in
the order of 1.7 billion euros. Jungheinrich reacted to the worldwide economic
crisis early on, establishing extensive packages of measures to adapt cost
structures to the decline in demand. They include incisive structural projects.
Redundancies in certain Group units especially hard hit by the crisis will be
unavoidable.

The extent of the expected earnings decrease in 2009 will depend on the global
economic trend in the next few months as well as the scope of structural
measures to be taken and the ensuing one-off costs. The company currently
anticipates at least being able to avoid posting negative earnings for the
fiscal year.

Further inquiry note:
Markus Piazza
Head of Corporate Communications
Tel. +49 (0)40 6948 1550
E-Mail: [email protected]

end of announcement euro adhoc
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emitter: Jungheinrich AG
Am Stadtrand 35
D-22047 Hamburg
phone: +49(0)40 6948 0
FAX: +49(0)40 6948 1777
mail: [email protected]
WWW: http://www.jungheinrich.de
sector: Machine Manufacturing
ISIN: DE0006219934
indexes: SDAX, CDAX, Classic All Share, Prime All Share
stockmarkets: regulated dealing/prime standard: Börse Frankfurt, free trade:
Börse Berlin, Börse Stuttgart, Börse Düsseldorf, Börse Hannover,
regulated dealing: Börse Hamburg
language: English

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