Jungheinrich AG reports overall subdued business development for the first half of 2025. Incoming orders, which include new business, rental, used equipment, and customer service, amounted to 2.743 billion euros, slightly exceeding the previous year's level of 2.665 billion euros, as the company announced in a press release on August 7. The order backlog in the new business amounted to 1.510 billion euros as of June 30, 2025, slightly below the previous year's figure (1.520 billion euros). Group sales rose to 2.656 billion euros (previous year: 2.622 billion euros). According to Jungheinrich, EBIT fell by 1.9 percent to 210.5 million euros (previous year: 214.5 million euros). The EBIT margin was 7.9 percent compared to 8.2 percent in
the same period last year. Free cash flow amounted to 57 million euros.
“The first half was characterized by a continuing challenging market environment with weak economic momentum, particularly in our European core markets. We are observing a significant intensification of international competition with increasing pricing pressure in new business. Against this backdrop, we experienced overall subdued business development in the past six months and had to significantly revise our forecast for 2025 downward for the second half of the year. With our recently announced transformation program, which includes personnel and location-related measures, we have set strategic course to ensure our global competitiveness in the long term,” the management board stated in the announcement.
In July 2025,
the management board made two adjustments to the forecast. The first change on July 17 is based on the current and expected business development as well as one-time expenses of around 90 million euros for the transformation program. This should enable cost savings of around 100 million euros in the medium term. The second change on July 21 takes into account expected negative effects of around 120 million euros from the sale of the Russian subsidiary.
Jungheinrich expects incoming orders for 2025 between 5.3 and 5.9 billion euros; previously, the forecast was for 5.5 to 6.1 billion euros. Group sales are now also forecast to range from 5.3 to 5.9 billion euros, previously 5.4 to 6 billion
euros. EBIT is expected to reach between 160 and 230 million euros, after previously being stated as 280 to 350 million euros. This includes burdens from purchase price allocations of ten million euros and variable compensation of four million euros. The EBIT margin is stated at 3.1 to 3.9 percent, after previously 5.3 to 6.1 percent. For EBT, Jungheinrich expects 130 to 200 million euros, previously it was 250 to 320 million euros. The EBT margin is thus at 2.6 to 3.4 percent. For ROCE, a value of five to nine percent is now forecast, after previously ten to 14 percent. Free cash flow is expected to exceed 250 million euros, previously the forecast was over 300
