Jungheinrich (JUN3) Corporate presentation summary

Strategic direction and transformation

• Strategy 2030+ targets €10 billion revenue and 10% EBIT ROS, focusing on organic growth and global expansion, especially in North America and APAC.

• Transformation programme aims for €100 million annual cost savings by 2028, with 1,000 positions reduced or relocated, mainly in Germany.

• New segment structure (ITS and AWE) enhances transparency and accountability, supporting growth and profitability.

• Strategic partnership with EP Equipment expands the Mid-Tech portfolio and accelerates regional growth in APAC and Latin America.

• Ongoing digital transformation and sustainability initiatives, including a 30% reduction in carbon footprint by 2030.

Financial performance and key figures

• H1 2026 incoming orders rose 8% to €2,954 million, while revenue remained stable at €2,669 million.

• EBIT dropped to €145 million (5.4% ROS), impacted by €34 million in one-off effects from the Russian subsidiary sale, strike, and transformation programme.

• Free cash flow fell to €-99 million due to acquisitions, compared to €+57 million in H1 2025.

• Group forecast for 2026 adjusted: EBIT expected at €340–400 million, with free cash flow above €50 million.

• Dividend policy remains stable with a payout ratio of 25–30%.

Segment performance and outlook

• ITS segment: Incoming orders up 5%, revenue down 2%, EBIT down 35% in H1 2026; one-off effects weighed on results.

• AWE segment: Incoming orders up 23%, revenue up 13%, EBIT negative but improved due to automation growth.

• 2026 forecast: ITS EBIT ROS revised to 7.0–7.6%, AWE EBIT expected to turn positive (0–15 million).

• Revenue growth in AWE driven by automation (+31%) and warehouse equipment (+15%).

• Group-wide implementation of AI and digital solutions to enhance efficiency and customer service.