Increased analyst coverage
| Analyst coverage in 2008 | |||
|---|---|---|---|
| AC Research | Commerzbank | Hamburger Sparkasse | Sal. Oppenheim |
| Bankhaus Lampe | Deutsche Bank | HSBC Trinkaus & Burkhardt | Steubing |
| Berenberg Bank | Dr. Kalliwoda Research | Landesbank Baden-Württemberg | UniCredit |
| BHF-Bank | DZ Bank | M. M. Warburg | Viscardi |
| CAI Cheuvreux | Goldman Sachs | Merck Finck & Co. | West LB |
Investors
Last year, the capital market’s interest in Jungheinrich rose despite the development of the global economy. Twenty financial institutions did comprehensive research to track the Jungheinrich share. The company promptly publishes the latest analyst assessments on the web at http://www.jungheinrich.com. Stock market turnover was cut in half in the 2008 reporting year in light of investor reluctance. Turnover on the Frankfurt Stock Exchange, including the Xetra electronic trading system, was down 50 per cent to €248.9 million (prior year: €497.3 million). At €44.9 million, January recorded the highest turnover for a single month (prior year, October: €64.8 million), with a daily trading volume of 90,157 shares (October 2007: 87,637 shares). By the end of December 2008, the Jungheinrich share’s market capitalization had declined to about €308 million (prior year: €910 million). Conversely, the company’s carrying amount was €625 million — more than twice its market capitalization. As of the balance sheet date, the underlying number of Jungheinrich shares was unchanged, at 34.0 million. Jungheinrich’s preferred share — excluding DAX issues — was ranked 64th (prior year: 61st) in Deutsche Börse AG’s stock list in terms of market capitalization and 73rd (prior year: 71st) in terms of turnover. Jungheinrich AG’s ordinary shares are held by the families of the daughters of the company’s founder. Each of the families still owns half of these shares.