Group management report

Worldwide recovery of material handling equipment market
Fiscal 2010 marked by consolidation and growth
Incoming orders up substantially
Plant capacity utilization steadily improved
Back into profitable territory due to earnings boost
Production shift to Landsberg completed
Investment in the future: new powder-coating facility in Norderstedt

Jungheinrich emerged from the economic crisis a stronger player and looks back on a successful year. The direction taken in 2010 was determined by consolidation and growth. The material handling equipment sector benefited from the global economy’s strong recovery, recording 45 per cent growth of the world market for material handling equipment, with the rate of expansion in Jungheinrich’s core markets in Europe amounting to 32 per cent. The company improved its share of the European market across all product segments. Boosted by a huge jump in earnings, the Jungheinrich Group returned to profitable territory. The development of earnings benefited from a rise in plant capacity utilization and an improved product mix. The shift of battery-powered low-platform truck production to the Landsberg factory was completed. A forward-looking investment was made in a new powder-coating facility at the Norderstedt site. The expansion of sales and manufacturing in China progressed.