Jungheinrich (JUN3) Q3 2026 earnings summary

Executive summary

• Q1–Q3 2026 incoming orders rose 6.0% to €4,323 million and revenue increased 1.5% to €4,068 million; orders on hand reached €1,621 million, up 9.3% YoY.

• Reported EBIT was €241.8 million; excluding €36.5 million of one-off costs, EBIT was €278.3 million versus €323.2 million a year earlier. Competition weighed on earnings, particularly in ITS, while AWE grew strongly.

• FY2026 guidance was unchanged; 2030 revenue and EBIT margin targets were lowered amid challenging markets, with strategic direction confirmed.

Financial highlights

• Q1–Q3 EBIT was €241.8 million versus €160.3 million; adjusted EBIT was €278.3 million versus €323.2 million, with current-period one-offs of €36.5 million.

• EBT rose 58.2% to €219.7 million; profit increased to €134.6 million from €74.0 million, and preferred-share EPS rose to €1.33 from €0.74.

• Free cash flow was -€106 million versus +€151 million, mainly reflecting €157 million of acquisition-related outflows.

• Q3 revenue was €1,399 million, up 3.5% YoY; EBIT was €96.9 million versus a loss of €50.2 million.

• One-off costs comprised €20.5 million from the Russian subsidiary sale, €8.6 million from the Lüneburg strike and €7.4 million for the transformation programme.

Outlook and guidance

• FY2026 guidance unchanged: incoming orders €5.5–6.1 billion, revenue €5.3–5.9 billion, EBIT €340–400 million, EBIT ROS 6.2–7.0%, EBT €310–370 million, EBT ROS 5.6–6.4%, ROCE 12–16% and free cash flow above €50 million.

• ITS FY2026 outlook: orders €4.5–4.9 billion, revenue €4.4–4.8 billion, EBIT €310–370 million and EBIT ROS 7.0–7.6%.

• AWE FY2026 outlook: orders €1.0–1.2 billion, revenue €0.9–1.1 billion, EBIT €0–15 million and EBIT ROS 0–1.5%.

• 2030 targets reset to revenue of €7–8 billion and EBIT ROS of 8–9%, from €10 billion and 10%, reflecting weak markets and slower investment recovery.