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Jungheinrich AG JGHAF

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Morningstar’s Analysis

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Economic Moat

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Company Profile

Business Description

Jungheinrich is Europe’s second-largest forklift manufacturer with a niche carved out in the retail and wholesale segment, including a stronghold in supermarkets. The company was founded in 1953 by Friedrich Jungheinrich, and control of the company remains in his descendants’ hands through special voting shares. Globally, the company ranks number four behind Toyota and Kion Group, but nearly 90% of its sales comes from Europe, which still accounts for more than 30% of global forklift industry production.

Contact
Friedrich-Ebert-Damm 129
Hamburg, 22047, Germany
T +49 4069480
Sector Industrials
Industry Specialty Industrial Machinery
Most Recent Earnings Dec 31, 2015
Fiscal Year End Dec 31, 2020
Stock Type
Employees 17,986