Jungheinrich (JUN3) Q1 2025 earnings summary

Executive summary

• Business performance remained robust in Q1 2025 despite subdued economic conditions and high geopolitical risks.

• Incoming orders rose 1.7% year-over-year to €1,386 million, with orders on hand up 7.0% from year-end 2024.

• Revenue increased 2.4% year-over-year to €1,305 million, driven by new business and after-sales services.

• EBIT grew 3% to €104.5 million, with EBIT ROS stable at 8.0%.

• Net profit reached €68.9 million (+1.5% year-over-year), with EPS at €0.69.

Financial highlights

• Earnings per preferred share rose to €0.69 (+1% year-over-year).

• Net credit stood at €21 million, nearly unchanged from year-end 2024.

• Financial result was negative at €-7.4 million, mainly due to securities and derivatives measurement.

• Group workforce was 21,024 FTEs, slightly down from 21,062 a year earlier.

• Free cash flow was €16 million, influenced by working capital development and down from €159 million.

Outlook and guidance

• 2025 forecast remains unchanged: incoming orders €5.5–6.1 billion, revenue €5.4–6.0 billion, EBIT €430–500 million, EBIT ROS 7.8–8.6%.

• Assumptions include stable supply chains, no major cost changes, and no further escalation of geopolitical tensions.

• Free cash flow expected to exceed €300 million.

• 2025 financial year forecast remains unchanged from the 2024 annual report.