Board of Management Proposes Dividend Increase
HAMBURG, Germany, March 12 /Xinhua-PRNewswire/ -- Hamburg-Jungheinrich AG maintained its course for growth in the financial year that just ended. Group net sales for 2007 amounted to 2,001 million euros-14 per cent up on the year-earlier level (1,748 million euros). Last year, operating income (EBIT) advanced by about 18 per cent to 139.5 million euros (prior year: 118.3 million euros). The EBIT return on sales totalled 7.0 per cent (prior year: 6.8 per cent). Following the strong growth achieved last year, Jungheinrich expects growth generated in the current year to be in the medium single-digit percent range.
In light of the positive business performance in 2007, the Board of Management of Jungheinrich AG will propose to the Supervisory Board that it submit a draft resolution to the Annual General Meeting on June 10, 2008, for the dividend to be increased from 0.48 euros to 0.52 euros per ordinary share and from 0.54 euros to 0.58 euros per preferred share.
Jungheinrich will disclose detailed information on its 2007 financial year at its balance sheet press conference on April 9, 2008, in Hamburg, Germany.
Jungheinrich is among the leading international companies in the fork lift truck, warehousing and material flow technology sectors. Jungheinrich developed into a producing logistics service provider and offers its customers a comprehensive product range of stackers, racking systems and services for complete internal logistics. The Jungheinrich share is traded at all German stock exchanges.
