EANS-Adhoc: Jungheinrich AG / Downward Market and Business Trend Continues/Board of Management Intensifies Adjustment Measures/Earnings Burdened by Substantial One-Off Costs

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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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H1 2009 Earnings Trend and Outlook for 2009

27.07.2009

Hamburg—In light of the persistently negative market and business
development, the Board of Management of Jungheinrich AG (ISIN
DE0006219934) decided today to significantly intensify the measures
taken so far to counter the effects of the economic crisis. The Board
of Management will inform the Supervisory Board of the comprehensive
package of measures at an extraordinary meeting at the beginning of
August. The measures are designed to ensure the company's future
viability over the long term and to return to generating profits
commensurate to the economic situation from 2010 onwards.

By deciding to expand the scope of the adjustment measures defined
thus far, the Board of Management is reacting to the continued
collapse of the world market for material handling equipment, which
is still shrinking at a rate of about 50 per cent. Under the caveat
of continued uncertainty surrounding market assessments, in fiscal
2009, the world market is likely to decline by approximately 40 per
cent to about 520 thousand forklift trucks (prior year: 872 thousand
units). The market for material handling equipment is not expected to
be revitalized before the second half of 2010.

The company will incur substantial one-off costs in the second half
of 2009 as a result of the newly adopted package of measures,
primarily in connection with intended personnel-adjustment measures.
In addition to the 300 layoffs implemented at the German production
sites at the beginning of the year, about 500 more jobs will have to
be cut, in order to adapt the plants to the market's long-term
requirements in structural terms. Adjustment measures affecting
approximately 400 Jungheinrich sales employees initiated primarily
outside Germany will have to be flanked by a further headcount
reduction by an anticipated 150 employees in Germany and abroad.

Earnings before interest and taxes (EBIT) are expected to drop to
about minus 15 million euros in the first half of 2009 (prior year:
plus 63.5 million euros). This includes some 12 million euros in
one-off expenses, primarily resulting from the impairment losses
recognized for capitalized development costs and investments. EBIT is
expected to deteriorate considerably by year-end, above all due to
the rising share of sales accounted for by small forklift trucks and
the mounting pressure on the prices of incoming orders in the last
few months. Additional one-off costs resulting from the structural
adjustment measures will cause earnings before interest and taxes
(EBIT) for 2009 to be in high negative double-digit million euro
territory. If the sector were to recover earlier than anticipated,
positive effects would be felt by the Jungheinrich Group's business
and earnings trends in terms of both EBIT and the extent of necessary
structural measures.

The company will provide detailed information on its business
performance in the first half of 2009 in the interim report which
will be published on August 13, 2009.

Stock markets: Regulated market in Frankfurt (Prime Standard),
Hamburg; over the counter in Berlin, Düsseldorf, Hanover, Munich and
Stuttgart

end of announcement euro adhoc
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ots Originaltext: Jungheinrich AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Jungheinrich AG

Markus Piazza

Head of Corporate Communications

Am Stadtrand 35

22047 Hamburg, Germany

Phone: +49 40 6948-1550

Fax: +49 40 6948-1599

markus.piazza@jungheinrich.de

www.jungheinrich.com

Branche: Machine Manufacturing
ISIN: DE0006219934
WKN: 621993
Index: SDAX, CDAX, Classic All Share, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
Hamburg / regulated dealing