EQS-Adhoc: Jungheinrich AG: Jungheinrich signs contract for the sale of its Russian subsidiary and adjusts forecast for the 2025 financial year

Hamburg, 21 July 2025 – Jungheinrich AG today signed an agreement on the sale of its wholly owned subsidiary Jungheinrich Lift Truck OOO to a Russian financial investor and asset manager.

Due to the requirements of the Russian Government Commission on the Control of Foreign Investments, the necessary approval of the Government Commission for the transaction requires that the sale price is a maximum of 40 per cent of the market value of the affected Russian company as determined by a Russian valuation expert. Within this regulatory framework, the agreed sale price for Jungheinrich’s Russian subsidiary is therefore significantly below the book value of the participation as of 31 December 2024.

The completion of the sale remains subject to customary closing conditions, in particular the approval by the Government Commission, and is currently expected to occur in the fourth quarter of 2025.

Considering the transaction, the company has decided today to partially adjust its forecast for the 2025 financial year.

According to the updated forecast, earnings before interest and income taxes (EBIT) in the 2025 financial year will be between €160 million and €230 million (previously: €280 million to €350 million). The company also anticipates an EBIT ROS in the range of 3.1 per cent to 3.9 per cent (previously: 5.3 per cent to 6.1 per cent).

Jungheinrich now also expects earnings before taxes (EBT) of €130 million to €200 million (previously: €250 million to €320 million) with a resulting EBT ROS of between 2.6 per cent and 3.4 per cent (previously: 4.8 per cent to 5.6 per cent). The company also anticipates a ROCE of between 5 per cent and 9 per cent (previously: between 10 per cent and 14 per cent).

The other key figures of the forecast as published on 17 July 2025 remain unchanged. Jungheinrich expects incoming orders between €5.3 billion and €5.9 billion. Revenue for 2025 is anticipated to range between €5.3 billion and €5.9 billion. Jungheinrich anticipates free cash flow will amount to more than €250 million.

The interim report of Jungheinrich AG as of 30 June 2025 will be published on 8 August 2025.

Explanations of the key financial figures used can also be found in Jungheinrich's 2024 Annual Report (https://www.jungheinrich.com/en/investor-relations/annual-report-2024), in particular on page 21 ff.

Press enquiries to:

Dr Benedikt Nufer, Spokesman
Phone: +49 40 69483489
Mobile: +49 151 27791245
benedikt.nufer@jungheinrich.de

Analyst/investor enquiries to:

Andrea Bleesen, Head of Investor Relations
Phone: +49 40 6948 3407
andrea.bleesen@jungheinrich.de

Disclaimer

The explanations above are partially forward-looking statements that are based on the company management’s current expectations, assumptions and assessments for future developments. Such statements are subject to risks and uncertainty that are largely beyond the company’s control. This includes changes in the overall economic situation – such as impacts from geopolitical conflicts, natural catastrophes, pandemics and similar force majeure events –, supply of raw and auxiliary materials, the availability and price development of energy and raw and auxiliary materials, demand in important markets, competition and regulatory frameworks and regulations, exchange and interest rates and the outcome of pending or future legal proceedings. Should these or other uncertainties or unknown factors apply or the assumptions on which these statements are based prove false, actual results may deviate significantly from the results stated or implied. No responsibility is therefore taken for forward-looking statements. Without prejudice to existing capital market obligations, there is no intention to accept any obligation to update forward-looking statements.