Jungheinrich stock gains as orders rise in nine-month report

Jungheinrich AG increased incoming orders in the first nine months of 2026, while revenue growth remained modest and the company reset its medium-term ambitions. In its release of Tuesday, November 10, Jungheinrich said orders rose 6.0 percent year over year to 4.323 billion euros. The company kept its 2026 forecast unchanged.

Jungheinrich stock traded at 22.97 euros on Lang & Schwarz at 12:21 CET on Thursday, November 12, 0.75 percent above the Xetra close of Wednesday, November 11. The comparison uses the previous Xetra session because the current trading day was still under way.

Demand Improves Across Key Segments

Group revenue increased 1.5 percent to 4.068 billion euros from 4.008 billion euros a year earlier. Earnings before interest and taxes rose to 241.8 million euros from 160.3 million euros, lifting the reported EBIT margin to 5.9 percent from 4.0 percent.

Jungheinrich said negative one-off effects of 36.5 million euros affected the nine-month result. These included 20.5 million euros from the sale of the Russian subsidiary, 8.6 million euros linked to the Lüneburg plant strike and 7.4 million euros for the transformation program. Excluding these effects, EBIT would have reached 278.3 million euros, with an EBIT margin of 6.8 percent.

The Industrial Trucks & Services segment recorded a 3.5 percent increase in incoming orders to 3.531 billion euros, but revenue fell 1.8 percent to 3.388 billion euros. Automation & Warehouse Equipment provided the stronger growth contribution: orders advanced 19.9 percent to 878 million euros and revenue rose 16.6 percent to 751 million euros.

2026 Forecast Holds, 2030 Goals Change

Management maintained its 2026 expectations for incoming orders of 5.5 billion to 6.1 billion euros and revenue of 5.3 billion to 5.9 billion euros. EBIT is still expected at 340 million to 400 million euros, with an EBIT margin of 6.2 percent to 7.0 percent. The forecast incorporates 40 million euros of negative one-off effects.

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. It also made artificial intelligence a fifth strategic field of action alongside global expansion, automation, portfolio expansion and transformation.

For investors, the release presents a mixed operating picture: order momentum and automation demand improved, while the core industrial trucks business generated lower revenue and long-term targets became less ambitious. The unchanged 2026 forecast provides near-term visibility, but the revised 2030 framework puts greater emphasis on execution and margin recovery.

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