Jungheinrich AG's Q1 2026 Earnings Fall Significantly

Jungheinrich AG disclosed its preliminary figures for Q1 2026, revealing a notable drop in earnings. Revenue slightly decreased to €1,272 million from last year's €1,305 million. However, Earnings Before Interest and Taxes (EBIT) exhibited a sharp decline to €56.5 million, compared to €104.5 million a year prior. The EBIT margin also fell from 8.0% to 4.4%.

The decline in earnings is attributed to several factors, including increased competition pressure, negative capacity utilization effects, and a strike at the Lüneburg plant that concluded in February 2026. Additionally, one-off effects from the sale of a Russian subsidiary and expenses related to a transformation program further impacted EBIT.

Despite the earnings drop, order intake rose to €1,535 million, fueled by pull-forward effects due to price increases. The company's financial forecast for the year remains unchanged, with an interim statement set for release on May 7, 2026.