11/12/2025

Jungheinrich achieves slight growth in third quarter of 2025 - earnings impacted by one-off effects

In the first nine months of 2025, business development at Jungheinrich was dominated by volatile markets and transformation measures.

Incoming orders: 4,077 million euros (previous year: 3,931 million euros)
Revenue: 4,008 million euros (previous year: 3,923 million euros)
EBIT: 160.3 million euros (previous year: 320.2 million euros)
EBIT return on sales: 4.0 per cent (previous year: 8.2 per cent)
Free cash flow: 151 million euros (previous year: 314 million euros)
Forecast for 2025 unchanged

Hamburg – In the first nine months of 2025, business development at Jungheinrich was dominated by volatile markets and transformation measures. Incoming orders amounted to 4,077 million euros, 3.7 per cent higher than in the previous year (3,931 million euros). At 4,008 million euros, Group revenue was also marginally higher than the previous year’s figure (3,923 million euros). EBIT and EBIT return on sales developed in line with expectations and were significantly impacted by planned one-off effects in the third quarter. These primarily included an impairment amounting to €85 million resulting from the signing of the contract for the sale of the Russian subsidiary and expenses related to the ongoing transformation programme in the amount of 60 million euros. EBIT declined to 160.3 million euros (previous year: 320.2 million euros). EBIT return on sales came to 4.0 per cent (previous year: 8.2 per cent). Earnings before taxes (EBT) declined to 138.9 million euros (previous year: 301.6 million euros). EBT return on sales amounted to 3.5 per cent (previous year: 7.7 per cent). Profit or loss amounted to 74.0 million euros (previous year: 214.1 million euros). Earnings per preferred share were 0.74 euros (previous year: 2.11 euros). At 151 million euros, free cash flow in the reporting period was significantly below the previous year’s level (314 million euros).

“One-off expenses relating to our transformation programme and the initiated sale of our Russian subsidiary were of particular significance in the third quarter. These one-off effects negatively impacted earnings to a considerable degree. In light of the subdued market growth, we must continue to consistently implement our transformation measures,” explains Dr Volker Hues, Member of the Board of Management for Finance at Jungheinrich AG.

On 17 July 2025, the Board of Management of Jungheinrich – with the approval of the Supervisory Board – adopted a transformation programme comprising personnel and location-related measures to strengthen global competitiveness. The focus is on optimising production, management and administration.

The transformation programme is expected to generate sustainable cost savings of approximately 100 million euros in the medium term. The implementation is expected to result in one-off expenses of approximately 90 million euros in the 2025 financial year, of which two-thirds were recognised in the third quarter of 2025.

On 21 July 2025, Jungheinrich signed an agreement to sell its wholly owned subsidiary Jungheinrich Lift Truck OOO to a Russian financial investor and asset manager. The completion of the transaction is subject to the usual market conditions and is still pending the approval of the Russian government commission.

Jungheinrich has made no changes to the forecast for the 2025 financial year published on 21 July 2025 and confirmed in the interim report as of 30 June 2025.