Jungheinrich (JUN3) investor relations material

Business performance and financial highlights

• Incoming orders reached €5.3 billion and revenue €5.4 billion in 2024, both in line with expectations.

• EBIT return on sales was 8.1% in 2024, with a record dividend of €0.80 per preferred share.

• Free cash flow increased to €431 million in 2024, reflecting strong cash generation.

• Q1–Q3 2025 saw incoming orders up 4% to €4,077 million and revenue up 2% to €4,008 million.

• EBIT for Q1–Q3 2025 was €160 million (4.0% margin), impacted by one-off effects from the sale of the Russian subsidiary and transformation program.

Strategic direction and growth initiatives

• Strategy 2030+ targets €10 billion revenue and 10% EBIT margin, focusing on global expansion, automation, portfolio extension, and transformation.

• Expansion in North America and APAC is prioritized, with M&A activities expected to add over €1 billion in revenue outside Europe.

• Automation is a key growth driver, aiming to be a leading global player by 2030 with fully integrated solutions.

• Portfolio extension includes a new Mid-Tech product line and strategic partnership with EP Equipment, launching in 2025.

• Uplift Ventures was launched in 2025 to drive innovation in AI, robotics, and digital platforms.

Market environment and operational context

• The company operates in a €105 billion global market, with strong positions in Europe and growth potential in APAC and the Americas.

• Geopolitical tensions and weak European economic conditions present risks, but electrification, automation, and sustainability remain growth drivers.

• The sale of the Russian subsidiary and transformation program are expected to yield long-term cost savings of about €100 million by 2030.

• Sustainability is a strategic imperative, with top 1% global ESG ratings and 100% electric material handling.

• AI is integrated into operations and products, enhancing efficiency and customer solutions.