Germany's Jungheinrich prelim Q1 EBIT drops sharply on price pressure and strike

Jungheinrich AG

24/04/2026 10:34

Overview

Germany industrial equipment maker's preliminary Q1 revenue declined yr/yr

Preliminary EBIT fell sharply, with margin down to 4.4% from 8.0% on price pressure and strike impact

Order intake rose significantly yr/yr, aided by pull-forward effects from price increases

Outlook

Jungheinrich says its 2026 forecast published on 27 March remains unchanged

Result Drivers

PRICE PRESSURE - Co said increased price competition weighed on Q1 results

CAPACITY UTILISATION - Negative capacity utilisation effects contributed to lower EBIT, per co

STRIKE IMPACT - Strike at Lüneburg plant, which ended in February, negatively affected results

Company press release: ID:nEQ5lTTDQa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
EUR 1.27 bln
EUR 1.33 bln (1 Analyst)
Q1 EBIT
EUR 56.50 mln
Q1 Orders
EUR 1.54 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

Wall Street's median 12-month price target for Jungheinrich AG is €42.50, about 49.3% above its April 23 closing price of €28.46

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 13 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)