German equipment maker Jungheinrich has released its H1 financial results which reveal a 7.7% year-on-year increase in incoming orders for the period, valued at EUR2.95 billion (USD3.4 billion).

However, the business has now adjusted down its earnings before interest and tax (EBIT) forecast for 2026 on the back of H1 EBIT of EUR144.9 million (USD167.1 million), down 31% on 2025’s H1 EBIT of EUR210.5 million (USD243.19 million).

Jungheinrich attributes the increase in incoming orders to “intensive sales activities” in the industrial truck and services (ITS) segment and the automation and warehouse equipment (AWE) segment.

Incoming orders for the ITS segment jumped 4.9% y-o-y to EUR2.42 billion, while revenue fell 1.9% to EUR2.24 billion euros (USD2.58 billion).

“Increases in customer services could only partly offset decreases in new business and short-term rental and used equipment,” Jungheinrich states.

AWE segment incoming orders jumped by 22.5% y-o-y to EUR588 million (USD678.71 million), while revenue increased by 12.9% to EUR471 million (USD543.66 million), “driven in particular by the business field of automation”.

Jungheinrich states “significant adverse factors were negative one-off effects” amounting to EUR33.8 million (USD39 million) with EUR20.5 million (USD23.69 million) arising from the sale of the Russian subsidiary, EUR7.4 million (USD8.54 million) from residual effects of the strike at the Lüneburg plant, and EUR5.9 million (USD6.81 million) from its transformation program.

Revenue for H1 was EUR2.67 billion (USD3.08 billion), on par with last’s year figure of EUR2.66 billion (USD3.07 billion), with the increase in AWE revenue able to offset a decline in the ITS segment, Jungheinrich states.

Dr Lars Brzoska, chairman Jungheinrich’s board of management, says the company “held its own in a market environment that remained challenging” in H1.

“Incoming orders showed a positive trend and were significantly higher than the previous year’s figure,” he adds. “At the same time, one-off effects and continued competitive pricing pressure impacted our earnings. 

“We are continuing to invest consistently in the future of our company, strengthening our position in the fields of automation and digitalisation and tapping into additional potential for global growth through targeted investments and acquisitions. 

“This is why, despite the short-term challenges, we are confident about the future strategic development of our company.”

Jungheinrich is now forecasting EBIT for 2026 of EUR340 and 400 million (USD392 and 462 million), down from the previous EUR380 and 450 million (USD439 and 519 million). The forecast for group revenue remains stable at between EUR5.3 and 5.9 billion (USD6.12 and 6.22 billion), from the previous EUR5.2 to 5.8 billion (USD6.0 to 6.7 billion).