Jungheinrich (JUN3) Q3 2025 earnings summary

Executive summary

• Subdued business development amid a challenging market environment, with incoming orders and revenue showing modest growth year-over-year, driven by new business and after-sales services.

• Incoming orders rose 4% to €4,077 million for Q1–Q3 2025 compared to the same period last year.

• Revenue increased 2.2% year-over-year to €4,008 million for Q1–Q3 2025.

• EBIT for Q1–Q3 2025 was €160.3 million, down 49.9% year-over-year, impacted by significant one-off expenses in Q3.

• Net profit dropped to €74.0 million from €214.1 million year-over-year; EPS declined to €0.74 from €2.11.

Financial highlights

• Q3 2025 EBIT was €-50.2 million, reflecting transformation costs, asset disposals, and impairments.

• EBIT margin for Q1–Q3 2025 was 4.0%, down from 8.2% year-over-year.

• Free cash flow for January–September was €151 million, noticeably lower than the previous year.

• Net credit improved to €39 million as of 30 September 2025, up from €22 million at year-end 2024.

• Intralogistics segment revenue grew 2.6% year-over-year to €4,065 million for the first nine months.

Outlook and guidance

• 2025 forecast remains unchanged, with incoming orders and revenue expected between €5.3–5.9 billion.

• EBIT guidance for 2025 is €160–230 million, reflecting negative one-off effects.

• EBIT ROS forecasted at 3.1–3.9% for 2025.

• ROCE guidance for 2025 is 5.0–9.0%.

• Free cash flow guidance for 2025 is above €250 million.