Jungheinrich stock weighs stronger orders against lower 2030 goals
Published on 11/10/2026 at 18:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSOrders rise as targets reset
- Jungheinrich increased incoming orders and revenue in the first nine months of 2026.
- The company kept its 2026 forecast unchanged despite challenging market conditions.
- Automation and Warehouse Equipment provided stronger growth than Industrial Trucks and Services.
Jungheinrich reported stronger incoming orders for the first nine months of 2026 on Tuesday, November 10, while lowering its medium-term revenue and earnings ambitions. The company's official release said incoming orders rose 6.0 percent year on year to 4,323 million euros, while revenue increased 1.5 percent to 4,068 million euros.
Jungheinrich stock traded at 23.02 euros on Lang & Schwarz at 18:00 CET on Tuesday, November 10, 0.09 percent above the Xetra close of Tuesday, November 10, at 23.00 euros. Compared with the 24.33 euro quote in the earlier report at 12:07 CET, the latest price was 5.38 percent lower.
Orders improve, margins remain under pressure
Reported EBIT rose to 241.8 million euros from 160.3 million euros a year earlier, lifting the EBIT margin to 5.9 percent from 4.0 percent. The comparison included 36.5 million euros of negative one-off effects in the current period, including the sale of the Russian subsidiary, strike-related costs at the Lüneburg plant and the transformation programme.
Adjusted EBIT reached 278.3 million euros with a 6.8 percent margin. In the first nine months of 2025, adjusted EBIT stood at 323.2 million euros with an 8.1 percent margin, leaving underlying profitability below the prior-year level despite the reported earnings increase.
Automation leads segment growth
Incoming orders in Industrial Trucks & Services increased 3.5 percent to 3,531 million euros, while revenue fell 1.8 percent to 3,388 million euros. Automation & Warehouse Equipment delivered the stronger expansion, with incoming orders up 19.9 percent to 878 million euros and revenue up 16.6 percent to 751 million euros.
2026 forecast remains unchanged
Management maintained its 2026 forecast for incoming orders of 5.5 billion to 6.1 billion euros, revenue of 5.3 billion to 5.9 billion euros and EBIT of 340 million to 400 million euros. The EBIT margin is expected at 6.2 percent to 7.0 percent, with 40 million euros of negative one-off effects included in the outlook.
Jungheinrich lowered its 2030 targets to revenue of 7 billion to 8 billion euros and an EBIT return on sales of 8 percent to 9 percent. The company cited geopolitical tensions, weak growth in European core markets and structural changes in material-handling equipment. Artificial intelligence will become a fifth strategic field alongside global expansion, automation, portfolio expansion and transformation.
Jungheinrich AG preferred shares
- Company: Jungheinrich AG preferred shares
- ISIN: DE0006219934
- Xetra ticker: JUN3
- Lang & Schwarz quote: 23.02 euros at 18:00 CET on November 10, 2026
- Xetra close: 23.00 euros on November 10, 2026
German industrial shares remain sensitive to economic-growth expectations and capital-goods demand; the DAX market provides the broader setting.
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