Jungheinrich AG has sold its Russian subsidiary Jungheinrich Lift Truck OOO to a Russia financial investor and asset manager for a “significantly” discounted price.

The sale remains subject to closing conditions including approval from the Russian Government Commission and is expected to be finalised in Q4 2025.

The sale price was not disclosed nor was the name of the buyer.

“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% of the market value of the affected Russian company as determined by a Russian valuation expert,” Jungheinrich states. 

“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.”

As a result of the sale, Jungheinrich has partially adjusted down its forecast for the 2025 financial year.

The updated forecast has EBIT for FY25 at between EUR160 million and EUR230 (USD187 million and USD269 million), from the previously forecast EUR280 million to EUR350 million (USD327 million and USD409 million).

Jungheinrich says other key forecasts published on July 17, 2025 remain unchanged including incoming orders and 20256 revenue which are both still expected to be between EUR5.3 billion and EUR5.9 billion (USD6.2 billion and USD6.9 billion).