Jungheinrich has recorded a seven per cent rise in net sales, which reached 2.145 million euros during 2008.
The largest increase was contributed by the new truck business, which saw a nine per cent rise, followed by the used and short-term hire equipment business, which posted seven per cent growth.
The group invested 39 million euros on research into new product development last year, which Jungheinrich chairman Hans-Georg Frey said will help the company to “win customers in the future”.
However, the group says it does expect to see a reduction in market and business volume during 2009 as a result of the economy, but is “well equipped” for the future.
Frey added: “In view of the uncertain economic conditions and the major imponderables associated with it, it is very difficult to forecast the future development of business. This is because the duration and intensity of the worldwide recession are also uncertain.”