Jungheinrich adjusts forecast after delay in sale of Russian unit (updated)

Jungheinrich AG

05/12/2025 14:16

Adds details in paragraph 4 and 5, context in paragraph 6

Dec 5 (Reuters) - German forklift maker Jungheinrich JUNG_p.DE readjusted its 2025 targets on Friday after the sale of its Russian subsidiary was pushed back a year later than initially expected, it said.

Jungheinrich signed a deal in July to sell its Russian unit to an unnamed Russian financial investor, cutting its full-year profit forecast as a result.

The company on Friday said it now expects to complete the sale in 2026, instead of the fourth quarter of 2025, due to the Russian government commission not yet granting approval for the transaction.

Due to the postponement, the effects of the sale, which is projected to have a negative impact on earnings of around 30 million euros ($34.96 million), is now expected in 2026 instead of 2025, the company said.

   As a result, it slightly raised its outlook for earnings before interest and income taxes (EBIT) to between 220 million and 260 million euros, from 160 million to 230 million euros previously.

   Jungheinrich also narrowed its outlook for incoming orders and revenue, to between 5.4 billion and 5.6 billion euros, from their previously level of 5.3 billion and 5.9 billion euros.

($1 = 0.8582 euros)

 (Reporting by Emanuele Berro in Gdansk
Editing by Miranda Murray)

 ((Emanuele.Berro@thomsonreuters.com; +48 587696510))