Jungheinrich stock rises as orders gain 6% and 2030 targets reset

Jungheinrich reported stronger incoming orders for the first nine months of 2026 on Tuesday, November 10, while warning that tougher market conditions require a lower long-term ambition. In its quarterly release, the company said incoming orders increased 6.0% year on year to 4,323 million euros. Revenue rose 1.5% to 4,068 million euros.

Jungheinrich stock traded at 24.33 euros on Lang & Schwarz at 12:07 CET on Tuesday, November 10, 4.87% above the Xetra close of Monday, November 9, at 23.20 euros. The move came as investors assessed higher order intake, unchanged 2026 guidance and a reset of the company's 2030 targets.

Higher orders, mixed operating picture

Reported earnings before interest and taxes rose to 241.8 million euros from 160.3 million euros in the year-earlier period. EBIT return on sales improved to 5.9% from 4.0%. The comparison was affected by one-off costs of 36.5 million euros in the current period, including the sale of the Russian subsidiary, consequences of the strike at the Lüneburg plant and the transformation programme.

On an adjusted basis, EBIT reached 278.3 million euros, corresponding to a margin of 6.8%. In the first nine months of 2025, one-off effects of 162.9 million euros had weighed on earnings; adjusted EBIT then stood at 323.2 million euros with an 8.1% margin. The figures show that underlying profitability remained under pressure despite the reported year-on-year improvement.

The Industrial Trucks and Services segment increased incoming orders 3.5% to 3,531 million euros, but revenue fell 1.8% to 3,388 million euros. Jungheinrich cited weaker new business, short-term rental and used equipment, as well as rising competitive pressure. Automation and Warehouse Equipment provided the stronger growth contribution: incoming orders rose 19.9% to 878 million euros and revenue advanced 16.6% to 751 million euros.

2026 outlook remains intact

Management left its 2026 forecast unchanged. The group expects incoming orders of 5.5 billion to 6.1 billion euros and revenue of 5.3 billion to 5.9 billion euros. EBIT is forecast at 340 million to 400 million euros, implying an EBIT margin of 6.2% to 7.0%. The forecast includes 40 million euros of negative one-off effects.

Free cash flow is expected to exceed 50 million euros after acquisitions and strategic investments. Jungheinrich said cash flow in the first nine months was negative 106 million euros, compared with positive 151 million euros a year earlier, mainly because of outflows linked to EP Equipment, Navflex and the acquisition of Australia's All Lift Group.

Long-term targets move lower

The company adjusted its 2030+ targets to reflect geopolitical tensions, weak growth in European core markets and structural changes in material-handling equipment. Jungheinrich now aims for revenue of 7 billion to 8 billion euros and an EBIT return on sales of 8% to 9%. The company also made artificial intelligence a fifth strategic field of action alongside global expansion, automation, portfolio expansion and transformation.

For investors, the release combines solid demand momentum with a more cautious long-term profitability framework. The unchanged 2026 outlook supports near-term visibility, while the lower 2030 targets underline the importance of margin delivery and progress in automation.

Jungheinrich stock at a glance

• Company: Jungheinrich AG preferred shares
• ISIN: DE0006219934
• Xetra ticker: JUN3
• Lang & Schwarz quote: 24.33 euros at 12:07 CET on November 10, 2026
• Daily comparison: 4.87% above the Xetra close of November 9, 2026
• Xetra reference close: 23.20 euros on November 9, 2026

German equities remain sensitive to economic-growth expectations and industrial demand. The DAX provides the broader market setting for Jungheinrich stock.

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