Jungheinrich is reporting a “mixed start” to 2026 with Q1 results revealing revenue for the period was EUR1.27 billion (USD1.49 billion), down 2.6% from EUR1.30 billion (USD1.53 billion)in Q1 2025, while earnings before interest and income taxes (EBIT) declined “very significantly” to EUR56.5 million (USD66.3 million), a drop of 45.9% y-o-y.

Order intake for Q1 stood at EUR1.54 billion (USD1.81 billion), “significantly above the previous year’s figure” of EUR1.39 billion (USD1.63 billion).

Jungheinrich says the Q1 results are set against the “backdrop of ongoing challenges in a market environment characterised by increased competitive and price pressure as well as negative volume and capacity utilisation effects”.

“The comparatively weak incoming orders recorded by the company in the fourth quarter of 2025 were reflected in the first quarter’s weaker revenue and earnings,” the German materials handling equipment maker states. 

“One-off effects from the sale of the Russian subsidiary, the strike at the Lüneburg plant and the transformation programme also had a significant adverse effect on earnings.”

Jungheinrich states the development of incoming orders in Q1 was very positive, due to pull-forward effects resulting from price increases, among other things. 

“Our start to 2026 did not meet our expectations,” says Dr Lars Brzoska, chairman of the board of management of Jungheinrich AG. 

Jungheinrich is maintaining its forecast for the financial year published in March. Group revenue is expected to range between EUR5.2 billion and EUR6 billion (USD6.1-7.0 billion) – 2025 revenue was EUR5.4 billion (USD6.34 billion)