Jungheinrich (JUN3) Investor presentation summary

Q1–Q3 2026 performance

• Incoming orders rose 6% YoY to €4,323 million; revenue increased 1.5% to €4,068 million, or 9% and 4% excluding the Russian subsidiary, respectively.

• EBIT was €241.8 million, with a 5.9% EBIT ROS; excluding €36.5 million of one-off effects, EBIT was €278.3 million and EBIT ROS was 6.8%, down from 8.1% YoY.

• Intense competition weighed on earnings; Q1–Q3 one-off effects included €20.5 million from the Russian subsidiary sale, €8.6 million from Lüneburg strike consequences and €7.4 million from the transformation programme.

• Free cash flow was negative €106 million versus positive €151 million in the prior-year period, reflecting acquisitions; profit was €134.6 million and earnings per preferred share were €1.33.

Segment performance

• ITS Q1–Q3 incoming orders rose 4% to €3,531 million; revenue fell 2% to €3,388 million, or increased 7% and 1% excluding the Russian subsidiary.

• ITS EBIT was €221.0 million with a 6.5% ROS; excluding one-off effects, EBIT was €258.4 million and ROS was 7.6%, with competitive pressure affecting earnings.

• AWE incoming orders increased 20% to €878 million and revenue rose 17% to €751 million; order intake and revenue grew in both Automation and Warehouse Equipment.

• AWE EBIT was €0.8 million with a 0.1% ROS; the segment recorded €0.9 million of positive one-off effects from reversing transformation-programme provisions.

Strategy and growth initiatives

• 2030 targets were reset from €10 billion revenue and 10% EBIT ROS to €7–8 billion revenue and 8–9% EBIT ROS amid persistent economic weakness, geopolitical tensions and subdued investment in core markets.

• Strategy 2030+ adds AI as an action field, emphasizing value-driven, AI-powered and human-led deployment alongside portfolio expansion, automation, transformation and global growth.

• All Lift Forklifts was fully acquired on 4 September 2026 to strengthen APAC; integration began, with a ~€60 million Q3 cash outflow.

• A framework agreement with Kühne + Nagel covers 5,000 energy-efficient lithium-ion trucks over five years; a Movu Robotics partnership adds four-way shuttle systems to the automation portfolio.

• A €100 million Uplift Ventures fund targets European deep-tech founders in physical AI, energy, enterprise AI and logistics.