Jungheinrich, DE0006219934

Jungheinrich stock reports H1 profit decline despite higher orders

Published on 09/30/2026 at 09:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Jungheinrich stock saw first-half orders reach EUR 2.954 billion, up 7.70 percent from a year earlier. Berenberg kept its Buy rating and EUR 37.00 target.

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Jungheinrich stock (ISIN DE0006219934) was trading at EUR 24.09 at Lang & Schwarz on September 30, 2026, at 9:30 a.m. CEST, up 0.42 percent versus the prior close of EUR 23.99. The key counterweight is operational: first-half orders increased while earnings declined, and FinanzNachrichten.de reported that Berenberg maintained a Buy rating and a EUR 37.00 price target on September 24, 2026.

Orders rise as earnings weaken

According to Investing.com, Jungheinrich's first-half 2026 order intake rose 7.70 percent year over year to EUR 2.954 billion. Revenue reached EUR 2.669 billion, while EBIT fell from EUR 210.5 million to EUR 144.9 million, reducing the EBIT margin to 5.40 percent.

The earnings comparison is sharper at the bottom line. Net income fell from EUR 139.0 million in the first half of 2025 to EUR 73.2 million in the first half of 2026, a decline of 47.34 percent. Investing.com attributed the pressure to EUR 33.8 million of one-time effects, including EUR 20.5 million linked to the sale of the Russian subsidiary, alongside competition and pricing pressure.

Berenberg keeps a higher target

Berenberg's September 24, 2026 assessment kept both the Buy rating and the EUR 37.00 target unchanged, according to FinanzNachrichten.de. The target lies 53.59 percent above the Lang & Schwarz price of EUR 24.09, leaving the analyst view dependent on an earnings recovery rather than order growth alone.

A separate Jungheinrich customer project provides a concrete automation example. MarketScreener reported on September 22, 2026, that Elster began using one Jungheinrich autonomous mobile robot to supply 12 production stations at its Lotte site.

Stock stays near EUR 24

Jungheinrich stock was trading at EUR 24.09 at Lang & Schwarz on September 30, 2026, at 9:30 a.m. CEST, up 0.42 percent versus the prior close of EUR 23.99. The next reported checkpoint is scheduled for November 10, 2026, when Jungheinrich is due to publish its third-quarter results, according to onvista.