Jungheinrich AG

euro adhoc: Jungheinrich AG
Financial Figures/Balance Sheet
Jungheinrich improves operating income/Board of Management proposes dividend increase/new company structure planned

@@start.t1@@--------------------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc. The issuer is responsible   for the content of this announcement. --------------------------------------------------------------------------------@@end@@

Fiscal 2006/New Company Structure


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.

@@start.t2@@end of announcement                                                 euro adhoc 02.03.2007 09:30:00

ots Originaltext: Jungheinrich AG
Im Internet recherchierbar: http://www.presseportal.ch

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

Weitere Meldungen: Jungheinrich AG

Das könnte Sie auch interessieren: