Jungheinrich shares plunge after weak Q1 profit

Jungheinrich AG

24/04/2026 11:40

** German forklift maker Jungheinrich JUNG_p.DE shares drop over 13% after it reported a sharp decline in Q1 preliminary EBIT

** Co said Q1 EBIT margin declined year-on-year to 4.4% from 8% due to increased price pressures, negative capacity utilisation and effects of a 85-day-long strike at its Lueneburg plant, as well as one-off effects from sale of its Russian unit

** Quarterly revenue fell short of an LSEG-compiled analyst consensus average to 1.27 billion euros

** "Strong order intake might counteract, but company mentions increasing price pressure which might last for longer on margins," a local trader says

** The stock is at the bottom of German mid-cap index MDAX .MDAXI

** Shares are on track for their worst day since July 2025

 (Reporting by Emanuele Berro)

 ((emanuele.berro@thomsonreuters.com))