Jungheinrich AG · XETR:JUN3
Jungheinrich — Investor Presentation (November 2026)
57 slides from Jungheinrich's investor presentation, November 2026
Slide 1: Capital market presentation
Capital market presentation Hamburg, November 2026
Slide 2: Agenda
Agenda 1 Highlights 2 Strategy 2030+ 3 Key figures for Q1–Q3 2026 4 Outlook 5 Additional information
Slide 3: Facts & Figures 2025
Facts & Figures 2025 Incoming orders (€5.4 billion) Strategy 2030+ successfully and revenue (€5.5 billion) launched in first year robust EBIT, adjusted for one-off Transformation effects, of €448 million programme largely (EBIT ROS 8.1%) implemented Free cash flow is strong Market entry into Mid-Tec
Slide 4: Integrated, resilient business model
Integrated, resilient business model Customer centricity – all services from a single source One-brand strategy – Jungheinrich stands for quality across the entire product and service spectrum Comprehensive, complete life cycle management Measurable added value and tailored solutions for the custome
Slide 5: Complete solutions for warehouse logistics
Complete solutions for warehouse logistics Warehouse trucks Electric counter-balanced trucks Energy systems Warehouse equipment Fully automated systems Semi-automated systems Manually operated systems 5
Slide 6: Strong position in Europe, balanced customer structure
Strong position in Europe, balanced customer structure 7% (7%) 12% (10%) APAC Americas Food industry Mechanical, automotive (production) and electrical engineering Revenue by region 22% Chemical industry 9% 11% 61% (61%) 4% Logistics EMEA excluding 20% (22%) 13% Germany Germany Customer structure2 T
Slide 7: One of the world's leading solutions providers for material handling
Jungheinrich is one of the world’s leading solutions providers for the material handling sector 1 6 2 7 3 8 4 9 5 10 Sources: Top 20 Lift Truck Suppliers 2025 – Modern Materials Handling; Top 20 Systems Suppliers 2023 – Modern Materials Handling; annual reports 7
Slide 8: Strategy 2030+
2 Strategy 2030+
Slide 9: Changing framework conditions require target adjustments
Strategy 2030+: Changing framework conditions require target adjustments Assumptions 2024 Current status Economic recovery in Germany and Europe Persistent sluggish economic environment – especially in Germany and Europe Geopolitical tensions ease Increasing geopolitical tensions and high energy pri
Slide 10: New medium-term revenue and earnings targets for 2030
New Medium-term revenue and earnings targets for 2030 Previously: New: Revenue Revenue €7–8 billion €10 billion EBIT ROS EBIT ROS 8–9% 10% 10
Slide 11: Solid foundation for future growth – AI as new action field
Solid foundation for future growth – AI as new action field Global Portfolio Artificial expansion Automation expansion Transformation intelligence High-Tech portfolio Mid-Tech portfolio Broad portfolio, consistently Successful market entry in the expanding to include more Mid-Tech segment and produc
Slide 12: Key figures for Q1–Q3 2026
JUNGHEINRICH Key figures for Q1-Q3 2026
Slide 13: Q1-Q3 2026: At a glance
Q1-Q3 2026: At a glance Incoming orders up significantly by 6% on previous year to €4,323 million, revenue up 1.5%, slightly above previous year, at €4,068 million EBIT of €242 million, EBIT ROS of 5.9% Negative one-off effects of €36.5 million: Sale of Russian subsidiary, effects of strike at Lüneb
Slide 14: Highlights in the third quarter of 2026
International framework Closing on All Lift Forklifts agreement Closing on 4 September 2026 Conclusion of an international framework Full acquisition of Australian rental agreement with Kühne + Nagel company Standardised and scalable rental fleet Integration activities launched management
Slide 15: Group: Incoming orders and revenue slightly up
Group: Incoming orders and revenue slightly up on previous year Incoming orders Revenue in € million in € million +3%2 +3%2 1,3341 1,369 1,339 1,3521 Q3 2025 Q3 2026 Q3 2025 Q3 2026 Incoming orders influenced by increased demand in AWE segment Revenue growth carried by AWE segment (+24%) (+15%) 1 In
Slide 16: Group: One-off effects and competitive environment shape earnings
Group: One-off effects and competitive environment shape earnings performance EBIT EBIT excluding one-off effects in € million in € million >100% –12% 112.71 96.9 99.6 –3.7% EBIT ROS 6.9% 8.3% EBIT ROS 7.1% Q3 2025 Q3 2026 Q3 2025 Q3 2026 -50.2 Previous year significantly impacted by one-off effects
Slide 17: ITS segment: Incoming orders and revenue stable
ITS segment: Incoming orders and revenue development stable Incoming orders Revenue in € million in € million +1%2 –1%2 1,1071 1,114 1,1641 1,147 Q3 2025 Q3 2026 Q3 2025 Q3 2026 New business, short-term rental and used equipment in Incoming order loss from Russia business offset decline, customer se
Slide 18: ITS segment: Impacts from one-off effects significantly lowered
ITS segment: Impacts from one-off effects significantly lowered EBIT EBIT excluding one-off effects in € million in € million >100% –15% 105.71 87.5 90.2 –3.0% EBIT ROS 7.6% 9.1% EBIT ROS 7.9% Q3 2025 Q3 2026 Q3 2025 Q3 2026 -34.8 Previous year significantly impacted by one-off effects amounting to
Slide 19: AWE segment: Incoming orders and revenue significantly up
AWE segment: Incoming orders and revenue significantly up on previous year Incoming orders Revenue in € million in € million +15% +24% 290 280 253 226 Q3 2025 Q3 2026 Q3 2025 Q3 2026 Revenue growth in both business fields Automation (+36%) and Robust growth in Warehouse Equipment (+33%) Warehouse Eq
Slide 20: AWE segment: EBIT positive in line with expectations
AWE segment: EBIT positive in line with expectations EBIT EBIT excluding one-off effects in € million in € million >100% >100% 7.5 7.5 -0.3 Q3 2025 Q3 2026 Q3 2025 Q3 2026 –10.0% EBIT ROS 2.7% –0.1% EBIT ROS 2.7% -22.71 No one-off effects in reporting period One-off effects in previous year in the a
Slide 21: Development in number of employees
Development in number of employees – structural changes –255 –1% 21,438 21,183 in FTE1 –333 8,419 –4% 8,086 492 +305 797 +62% 12,300 12,527 –227 –2% 31/12/2025 Abroad Business Excellence Centers Germany 30/09/2026 Main drivers: Departure of around 600 employees in connection with the deconsolidation
Slide 22: Outlook
JUNGHEINRICH
Slide 23: Capital Markets Day
Capital Markets Day SAVE THE DATE 8 April 2027 Jungheinrich Experience Centre Moosburg-Degernpoint 23
Slide 24: Continued challenging market environment
Continued challenging market environment Risks Opportunities Weak European economic Innovations and environment disruptive technologies Geopolitical conflicts Global expansion in particular trade tariffs, opportunities GDP1 in % 2025 2026 forecast Iran war and Russia-Ukraine war World 3.5 3.1 Intact
Slide 25: Group forecast for 2026 unchanged
Group forecast for 2026 unchanged Adjusted Previous 2026 Forecast Actual 2025 20251 forecast 23 July 20262 Effects included Incoming orders in € billion 5.4 5.2 5.4 – 6.0 5.5 – 6.1 1 1 Incoming orders and revenue each Revenue in € billion 5.5 5.4 5.2 – 5.8 5.3 – 5.9 adjusted by around €150 million f
Slide 26: 2026 segment forecasts
2026 segment forecasts Adjusted Forecast Forecast Industrial Trucks & Services Actual 2025 20251 27 March 2026 23 July 20263 2026 forecast updated: ITS Incoming orders in € billion 4.5 4.4 4.4 – 4.8 4.5 – 4.9 Lost incoming orders and revenue from Russia business offset (2025 contributions: €~150 mil
Slide 27: Additional information
JUNGHEINRICH Additional information
Slide 28: Group: Earnings before taxes (EBT)
Group: Earnings before taxes (EBT) EBT EBT excluding one-off effects in € million in € million >100% –15% 106.01 90.2 87.5 –4.2% EBT ROS 6.3% 7.8% EBT ROS 6.4% Q3 2025 Q3 2026 Q3 2025 Q3 2026 -56.9 Previous year impacted by significant one-off effects amounting to €–162.9 million: Sale of Russian su
Slide 29: Group: Profit or loss and earnings per preferred share
Group: Profit or loss and earnings per preferred share Profit or loss Earnings per preferred share in € million in € >100% >100% 61.4 0.60 Q3 2025 Q3 2026 Q3 2025 Q3 2026 -65.0 -0.63 Previous year’s figures impacted by non-deductible losses from the sale of the Russian subsidiary 29
Slide 30: Group key figures Q1–Q3 2026
Group key figures Q1–Q3 2026 Q1–Q3 2025 Q1–Q3 2026 Change % Incoming orders in € million 4,077 4,323 6.0 Revenue in € million 4,008 4,068 1.5 EBIT in € million 160.3 241.8 50.8 excluding one-off effects 323.2 278.3 EBIT ROS in % 4.0 5.9 – excluding one-off effects 8.1 6.8 EBT in € million 138.9 219.
Slide 31: Group: Incoming orders and revenue
Group: Incoming orders and revenue Incoming orders Revenue in € million in € million +6%3 +1%3 4,3232 4,0081 4,0682 4,0771 Q1-Q3 2025 Q1-Q3 2026 Q1-Q3 2025 Q1-Q3 2026 Incoming orders influenced by increased demand in AWE segment Slight revenue growth – carried by the AWE segment (+17%) (+20%) and IT
Slide 32: Group: Earnings before interest and income taxes (EBIT)
Group: Earnings before interest and income taxes (EBIT) EBIT EBIT excluding one-off effects in € million in € million +51% -14% 323.21 278.32 241.8 160.3 4.0% EBIT ROS 5.9% 8.1% EBIT ROS 6.8% Q1-Q3 2025 Q1-Q3 2026 Q1-Q3 2025 Q1-Q3 2026 Previous year impacted by one-off effects amounting to €–162.9 m
Slide 33: Group: Earnings before taxes (EBT)
Group: Earnings before taxes (EBT) EBT EBT excluding one-off effects in € million in € million +58% –15% 301.81 256.22 219.7 138.91 3.5% EBT ROS 5.4% 7.5% EBT ROS 6.3% Q1-Q3 2025 Q1-Q3 2026 Q1-Q3 2025 Q1-Q3 2026 Previous year impacted by one-off effects amounting to €–162.9 million: Sale of Russian
Slide 34: Group: Profit or loss and earnings per preferred share
Group: Profit or loss and earnings per preferred share Profit or loss Earnings per preferred share in € million in € +82% +80% 134.6 1.33 74.0 0.74 Q1-Q3 2025 Q1-Q3 2026 Q1-Q3 2025 Q1-Q3 2026 The income tax expense also takes into account a negative effect of €13 million resulting from an agreement
Slide 35: ITS segment
ITS segment Incoming orders Revenue in € million in € million +4%3 –2%3 3,4111 3,5312 3,4491 3,3882 Q1-Q3 2025 Q1-Q3 2026 Q1-Q3 2025 Q1-Q3 2026 New business, short-term rental and used equipment Incoming order loss from Russia in decline, customer services only partially able to business offset comp
Slide 36: ITS segment
ITS segment EBIT EBIT excluding one-off effects in € million in € million +30% –17% 309.91 258.42 221.0 169.4 4.9% EBIT ROS 6.5% 9.0% EBIT ROS 7.6% Q1-Q3 2025 Q1-Q3 2026 Q1-Q3 2025 Q1-Q3 2026 Previous year impacted by one-off effects amounting to €–140.5 million: Sale of the Russian subsidiary (€–85
Slide 37: AWE segment
AWE segment Incoming orders Revenue in € million in € million +20% +17% 878 732 751 644 Q1-Q3 2025 Q1-Q3 2026 Q1-Q3 2025 Q1-Q3 2026 Order intake growth in both business fields Automation (+19%) Revenue growth in both business fields Automation (+21%) and and Warehouse Equipment (+21%) Warehouse Equi
Slide 38: AWE segment
AWE segment EBIT EBIT excluding one-off effects in € million in € million >100% >100% 0.8 Q1-Q3 2025 Q1-Q3 2026 Q1-Q3 Q1–Q3 2025 2025 Q1-Q3 2026 -7.9 -0.1 –4.7% EBIT ROS 0.1% –1.2% EBIT ROS –0.0% -30.31 One-off effects in previous year in the amount of €–22.4 million from the loss on disposal of cap
Slide 39: One-off effects in the third quarter of 2026
One-off effects in the third quarter of 2026 96.9 1.2 1.5 99.6 6.9% 7.1% EBIT ROS EBIT ROS EBIT Q3 2026 Strike at Transformation EBIT Q3 2026 Lüneburg plant programme excluding one-off effects1 Expenses for the Residual effect transformation programme, on earnings of strike that which was approved i
Slide 40: One-off effects in Q1–Q3 2026
One-off effects in Q1–Q3 2026 8.6 7.4 278.3 277.3 20.5 -1.0 241.8 5.9% 6.8% 6.8% EBIT ROS EBIT ROS EBIT ROS EBIT Q1–Q3 2026 Sale of Russian Strike at Transformation EBIT Q1–Q3 2026 Operating EBIT EBIT Q1–Q3 2026 subsidiary Lüneburg plant programme excluding one-off effects1 excluding Russia business
Slide 41: 2026 forecast
2026 forecast9 Industrial Trucks & Automation & Group Services Warehouse Equipment Actual 2026 forecast6 Actual 2026 forecast7 Actual 2026 forecast8 20251,2,3 20251,4 20255 Incoming orders in € billion 5.4 5.5 – 6.1 4.5 4.5 – 4.9 0.9 1.0 – 1.2 Revenue in € billion 5.5 5.3 – 5.9 4.6 4.4 – 4.8 0.9 0.9
Slide 42: New segment structure improves control and transparency
New segment structure improves control and transparency Separate segments as a basis for From financial year 2026: growth and profitability Intralogistics becomes ITS and AWE Own P&L and management Industrial Trucks & Services Automation & Warehouse organisation strengthen (ITS) Equipment (AWE) acco
Slide 43: Segment view – development by quarters in 2025
Segment view – development by quarters in 2025 in € million Q1 2025 Q2 2025 Q3 2025 Q4 2025 FY 2025 Group ITS AWE Group ITS AWE Group ITS AWE Group ITS AWE Group ITS AWE Orders on hand 1,521 888 633 1,510 879 631 1,483 836 647 1,329 749 580 1,329 749 580 Order intake 1,386 1,165 235 1,357 1,140 245
Slide 44: Segment view – development by quarters in 2026
Segment view – development by quarters in 2026 in € million Q1 2026 Q2 2026 Q3 2026 Group ITS AWE Group ITS AWE Group ITS AWE Orders on hand 1,590 939 651 1,629 928 701 1,621 921 700 Order intake 1,535 1,275 277 1,419 1,142 311 1,369 1,114 290 Revenue 1,272 1,079 205 1,397 1,162 266 1,399 1,147 280
Slide 45: One-off effects & acquisition effects – 2025
One-off effects & acquisition effects – development by quarter in 2025 in € million Q1 2025 Q2 2025 Q3 2025 Q4 2025 2025 Total one-off effects -163 -57 -220 One-off ITS -141 -56 -197 effects therein holding company -6 -6 AWE -22 -1 -23 Sale of Russian subsidiary -85 -24 -109 ITS -85 -24 -109 therein
Slide 46: One-off effects & acquisition effects – 2026
One-off effects & acquisition effects – development by quarter in 2026 in € million Q1 2026 Q2 2026 Q3 2026 2026e Total one-off effects -27 -7 -3 -40 One-off ITS -28 -7 -3 -41 effects therein holding company -1 -1 AWE +1 +1 Sale of Russian subsidiary -21 -21 ITS -21 -21 therein holding company AWE T
Slide 47: Dividend policy: Distribution ratio between 25% and 30%
Dividend policy: Distribution ratio between 25% and 30% 81 75 Total dividend 68 68 in € million 28 Reliable distribution ratio 26% 25% 25% 28% 28% 2021 2022 2023 2024 2025 Dividend per preferred share 0.68 0.68 0.75 0.80 0.29 in € 47
Slide 48: Quarterly figures at a glance
Quarterly figures at a glance Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 1,535 1,419 1,380 1,386 1,357 1,369 1,334 1,310 Incoming orders in € million 1,494 1,469 1,397 1,399 1,352 1,351 Revenue 1,305 in € million 1,272 114 105 106 88 97 68 57 EBIT -50 in € million 48
Slide 49: Jungheinrich key figures 2021–2025 (I)
Jungheinrich key figures 2021–2025 (I) in € million 2021 2022 2023 2024 2025 Incoming orders 4,868 4,791 5,238 5,311 5,387 Group revenue 4,240 4,763 5,546 5,392 5,502 thereof Germany 1,014 1,106 1,205 1,168 1,119 thereof abroad 3,226 3,657 4,341 4,224 4,383 EBIT 360 386 430 434 228 EBIT ROS 8.5% 8.1
Slide 50: Jungheinrich key figures 2021–2025 (II)
Jungheinrich key figures 2021–2025 (II) in € million 2021 2022 2023 2024 2025 Equity ratio (Intralogistics) 48% 50% 47% 52% 51% Equity ratio (Group) 31% 33% 32% 34% 33% Net credit (–) / net debt (+)1 −222 75 262 −22 −160 Tax ratio 23% 22% 25% 28% 47% Profit or loss 267 270 299 289 104 Employees (FTE
Slide 51: Jungheinrich share: Key figures and analyst coverage
Jungheinrich share: Key figures and analyst coverage Share structure Analyst coverage1 Ordinary shares Hold 3 48 Total: 54 102 million shares Preferred shares 12 Buy Key figures for the share 2020 2021 2022 2023 2024 Earnings per preferred share €1.49 €2.62 €2.65 €2.94 €2.84 Dividend per preferred s
Slide 52: Long-term performance of the Jungheinrich share
Long-term performance of the Jungheinrich share 2021 2022 2023 2024 2025 Dividend yield preferred share in % 1.5 2.6 2.3 3.1 0.8 Market capitalisation in € million 4,578 2,711 3,388 2,617 3,613 Share price performance in % 23 −41 25 −23 38 Investment period 10 years 5 years 3 years Investment date 0
Slide 53: Sustainability efforts paying out in Ratings
Sustainability efforts paying out in Ratings Rating Agency Current rating Previous rating Platinum Platinum (Top 1% of assessed companies) (Top 1% of assessed companies) Climate change: A Climate change: B (nine-step scale from A to F) (nine-step scale from A to F) B- (Prime) B- (Prime) (twelve-step
Slide 54: Board of Management team
Board of Management team Dr Lars Brzoska Nadine Despineux Chairman of the Board of Management, Member of the Board of Management, Sales Corporate & Finance Dr Tobias Harzer Maik Manthey Member of the Board of Management, Member of the Board of Management, Technics 54 Automation & Warehouse Equipment
Slide 55: Remuneration system
Remuneration system Basic Short-term Long-term remuneration variable remuneration variable remuneration Fixed ~40 to 50%, Target bonus Virtual performance share plan non-performance-related (~15 to 25%) (~20 to 30%) 60% Return on capital employed (ROCE) 45% Group EBT return on sales remuneration pai
Slide 56: Disclaimer
Disclaimer The explanations in this presentation are uncertainties or unknown factors apply or the partially forward-looking statements that are assumptions on which these statements are based on the company management’s based prove false, actual results may deviate current expectations, assumptions
Slide 57: 2027 financial calendar and IR contact
2027 financial calendar and IR contact Financial calendar IR contact Date Event Andrea Bleesen Senior Director Corporate Investor Relations 24/03/2027 Balance sheet press conference (virtual) Jungheinrich Aktiengesellschaft 24/03/2027 Analyst conference (virtual) Friedrich-Ebert-Damm 129 22047 Hambu