Jungheinrich soars, Citi points to underlying margin better than pre-release

Jungheinrich AG

07/05/2026 10:31

** Jungheinrich shares jump 9% after publication of its full Q1 report with Citi pointing to the forklift maker posting a higher-than-forecast underlying EBIT margin in the first quarter

** The German company reported Q1 EBIT return on sales of 6.5% when excluding one-off effects totalling 26.7 million euros ($31.42 million)

** In its
preliminary
assessment in April, the group forecast the one-off effects to be of 21 million euros, resulting in an adjusted operating margin of 6.1%

** "We see potential margin improvement from the recent price increase, better utilisation in 2Q on higher 1Q orders, the positive effects from transformation and significant revenue potential in the project business in AWE in 2H, despite continued pricing pressure in the overall environment," Citi says

** Jungheinrich also confirmed its full-year outlook

** Citi adds that investor focus is now on commentary from management to understand margin trajectory

** The company had already reported in April a 46% drop year-over-year in Q1 EBIT of 56.5 million euros

** Shares on track for best day since March 2025 if gains hold

($1 = 0.8499 euros)

(Reporting by Danny Callaghan)

((danny.callaghan@thomsonreuters.com))