Jungheinrich, DE0006219934

Jungheinrich stock weighs stronger orders against lower 2030 goals

Published on 11/13/2026 at 18:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Jungheinrich stock follows stronger orders while core-business revenue falls after nine months. The 2026 outlook holds as medium-term ambitions are reset.

Orders Improve While Targets Reset

Jungheinrich increased incoming orders and revenue in the first nine months of 2026.
Automation delivered stronger growth, while the core industrial trucks business recorded lower revenue.
The 2026 outlook stayed unchanged as management reduced its medium-term ambitions and expanded its strategic focus to artificial intelligence.

Jungheinrich, DE0006219934, Illustration mit AI erstellt.

Jungheinrich reported stronger incoming orders but weaker revenue in its core industrial trucks business after the first nine months of 2026. In its release dated November 10, the company also kept its full-year outlook unchanged while lowering its medium-term targets.

According to the Jungheinrich press release, incoming orders rose 6.0 percent to 4.323 billion euros in the first nine months. Revenue increased 1.5 percent to 4.068 billion euros, while reported EBIT reached 241.8 million euros and the EBIT margin was 5.9 percent.

Automation Outpaces Core Business

Industrial Trucks & Services increased incoming orders by 3.5 percent to 3.531 billion euros, but revenue declined 1.8 percent to 3.388 billion euros. Automation & Warehouse Equipment provided stronger momentum, with incoming orders up 19.9 percent to 878 million euros and revenue up 16.6 percent to 751 million euros.

Negative one-off effects of 36.5 million euros weighed on the nine-month result. They included costs linked to the sale of the Russian subsidiary, the Lüneburg plant strike and the transformation program. Excluding these effects, EBIT would have reached 278.3 million euros, with an EBIT margin of 6.8 percent.

New Strategic Focus Takes Shape

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 its European core markets and structural changes in material handling equipment.

Artificial intelligence is now a fifth strategic field alongside global expansion, automation, portfolio expansion and transformation. The company said it intends to use AI to accelerate innovation, improve processes and create additional customer benefits.

Full-Year Outlook Remains Unchanged

Management continues to expect 2026 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 forecast includes 40 million euros of negative one-off effects and free cash flow above 50 million euros, despite acquisition-related outflows.

Jungheinrich stock was last quoted at 22.72 euros on Lang & Schwarz at 21:34 CET on Thursday, November 12.