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JUNGHEINRICH Interim report as of 30 June 2026 Dr. Lars Brzoska ( Chairman of the Board of Management ) Hamburg , 11 August 2026
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H1 2026 at a glance 2 EBIT of €145 million far below previous year, EBIT ROS at 5.4% EBIT additionally impacted by price and volume effects in intense competitive environment Forecast adjusted for ITS, and for the Group as a result EBIT adjusted for one-off effects: €179 million (EBIT ROS: 6.7%) Revenue of €2,669 million at previous year’s level Negative one-off effects of €34 million: Russian subsidiary sale, consequential effects of strike at Lüneburg plant and transformation programme Incoming orders up significantly by 8% on previous year to €2,954 million Free cash flow of €–99 million lower than previous year’s period (€+57 million) due to acquisitions
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Incoming orders in € million Group: Incoming orders and revenue 3 Revenue in € million 1,3571 1,419 Q2 2025 Q2 2026 1,3511 1,397 Q2 2025 Q2 2026 +5%2 +3%2 Incoming orders influenced by increased demand in AWE segment (+27%) Slight revenue growth – increases in both segments (ITS: +1%, AWE: +17%) 1 Includes contributions of the Russian subsidiary (incoming orders: €39 million, revenue: €38 million). 2 Excluding the contributions of the Russian subsidiary, incoming orders would have increased by 8% and revenue by 6%.
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98.71 85.9 7.1 Q2 2025 Q2 2026 106.01 88.4 7.1 Q2 2025 Q2 2026 EBIT in € million 4 EBT in € million –10% 7.8% 6.3% 7.3% Profit or loss in € million Earnings per preferred share in € EBT ROS –6% 70.0 47.0 Q2 2025 Q2 2026 –33% 0.70 0.47 Q2 2025 Q2 2026 –33% 1 Excluding Russia business (€5.0 million in EBIT with €38 million in revenue), EBIT ROS of 7.7% and EBT ROS of 7.1%. EBIT ROS One-off effects of €7.1 million due to consequential effects of the strike at the Lüneburg plant, which ended in February (€–2.6 million), and the transformation programme (€–4.5 million). The intense competitive environment also had a negative effect. EBT driven by improved results in the special fund 6.1% Group tax rate of 45 per cent (previous year: 29 per cent) resulting from an agreement with the tax authorities regarding tax matters for the years 2017 to 2023 – negative effect on profit or loss of €13 million 6.8% –17% 95.5 93.0 –13% 6.7% Group: Earnings indicators far below previous year
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Revenue in € million EBIT in € million 98.22 81.9 7.1 Q2 2025 Q2 2026 –9% Incoming orders in € million 8.5% 7.0%EBIT ROS Industrial Trucks & Services segment (ITS) Incoming order loss from Russia business offset Revenue loss from Russia business offset 5 1,1401 1,142 Q2 2025 Q2 2026 1,1521 1,162 Q2 2025 Q2 2026 +1%3 89.0 1 Includes contributions of the Russian subsidiary (incoming orders: €39 million, revenue: €38 million). 2 Excluding Russia business (€5.0 million in EBIT with €38 million in revenue), EBIT ROS of 8.4%. 3 Excluding the contributions of the Russian subsidiary, incoming orders would have increased by 4% and revenue by 4%. One-off effects of €7.1 million included (consequential effects of Lüneburg strike €2.6 million, transformation programme €4.5 million) +0%3 –17% 7.7%
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245 311 Q2 2025 Q2 2026 Revenue in € million EBIT in € million -0.1 -2.2 >–100% Incoming orders in € million –0.1% –0.8% EBIT ROS Automation & Warehouse Equipment (AWE) segment Growth in both business fields (automation (+35%) and warehouse equipment (+20%)) Revenue growth in both business fields (automation (+21%) and warehouse equipment (+12%)) Result still negative, as expected, due to project business 6 228 266 Q2 2025 Q2 2026 +27% +17% Q2 2025 Q2 2026
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35 H1 2025 H1 2026 91 97 H1 2025 H1 2026 Capital expenditure1 in € million Decline in capital expenditure, increase in R&D expenditure 7 1 Property, plant and equipment and intangible assets not including capitalised development expenditure and right-of-use assets. Research and development expenditure in € million Capital expenditure includes a partial amount of €8 million for the Jungheinrich Experience Center in Moosburg Expansion of development activities for new products and increase in R&D employees –15% +7% 1.5% Capital expenditure ratio 1.3% 32% Capitalisation ratio 34% 41
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57 -99 H1 2025 H1 2026-74 -184 H1 2025 H1 2026131 85 H1 2025 H1 2026 Free cash flow lower than previous year as a result of acquisitions 8 Cash flow from operating activities reflects lower profit or loss Cash flow from operating activities in € million Cash flow from investing activities in € million Free cash flow in € million €–46 million €–110 million €–156 million Cash flow from investing activities includes, in particular, cash outflow for minority interests in EP Equipment (€89 million) and Navflex (€4 million)
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961 1,024 31/12/2025 30/06/2026 Average capital employed in ITS and AWE segments in € million Decline in ROCE, increase in working capital 9 1 EBIT in ITS and AWE segments in % of the segments’ average capital employed. Group working capital in € million ROCE reduced by significantly lower EBIT in ITS and AWE segments with lower average capital employed Increase in inventories and trade accounts receivable influences working capital development 2,518 2,374 H1 2025 H1 2026 –6% +7% 15.6% ROCE1 in % 10.7% EBIT in ITS and AWE segments393 253
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10 1 Full-time equivalents (FTE), including trainees and apprentices, excluding temporary workers. Main drivers: Departure of around 600 employees in connection with the deconsolidation of the Russian subsidiary and job cuts from the transformation programme. This contrasted with the increase in employees in the Business Excellence Centres 12,527 12,041 492 735 8,419 8,122 31/12/2025 30/06/2026Abroad Business Excellence Centres Germany 21,438 20,898 –540 –3% –486 –4% in FTE1 +243 +49% –297 –4% Changes in number of Group employees
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Highlights following the first quarter of 2026 11 Interest in EP Equipment Interest in Navflex Acquisition of All Lift Forklifts ~7% stake in specialist for Physical AI and automation of truck loading and unloading Established technology company in Europe and the US Management of seamless and automated material flows Cash outflow of approximately €4 million in Q2 2026 Full acquisition of Australian rental company, closing to be expected in the remainder of the year Strengthening of market position in APAC Purchase price of about €89 million (enterprise value) plus earn-out component Cash outflow of approximately €60 million upon closing Expected earnings contribution in 2026: low single-digit € million amount 4.9% stake acquired in Chinese material handling partner Strategic partnership further strengthened Additional growth potential unlocked through collaboration Cash outflow of approximately €93 million, thereof €89 million in Q2 2026
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Continued challenging market environment 12 1 Source: International Monetary Fund, 8 July 2026. Geopolitical conflicts in particular trade tariffs, Iran war and Russia-Ukraine war Weak European economic environment Opportunities Intact drivers: electrification, automation, digitalisation and sustainability Innovations and disruptive technologies Global expansion opportunities GDP1 in % 2025 2026 forecast World 3.5 3.0 USA 2.1 2.3 China 5.0 4.6 Eurozone 1.4 0.9 Germany 0.2 0.7 Structural increase in competitive pressure Risks
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Group forecast for 2026 adjusted Effects included 13 1 Adjusted for contributions of the discontinued Russia business (incoming orders, revenue and operating EBIT) and also adjusted for earnings-related one-off effects (sale of Russian subsidiary, transformation programme and loss on disposal of R&D). 2 Ad hoc release as of 23 July 2026 as well as interim report as of 30 June 2026. Incoming orders and revenue each adjusted by around €150 million for the contribution of the Russian subsidiary sold in February 2026 1 2 3 EBIT and EBT include €–40 million in one- off effects (€–21 million for deconsolidation of the Russian subsidiary sold in February 2026, €–10 million for transformation, €–9 million for consequential effects of Lüneburg strike) EBIT and EBT adjusted by €–220 million in one-off effects as well as operating EBIT contribution of the Russian subsidiary sold in February 2026 in the amount of €24 million 3 Actual 2025 Adjusted 20251 Previous 2026 forecast Updated 2026 forecast2 Incoming orders in € billion 5.4 5.2 5.4 – 6.0 5.5 – 6.1 Revenue in € billion 5.5 5.4 5.2 – 5.8 5.3 – 5.9 EBIT in € million 228 424 380 – 450 340 – 400 EBIT ROS in % 4.2 7.9 7.2 – 8.0 6.2 – 7.0 EBT in € million 196 392 350 – 420 310 – 370 EBT ROS in % 3.6 7.3 6.7 – 7.5 5.6 – 6.4 ROCE in % 8.3 n/a 14 – 18 12 – 16 Free cash flow in € million 314 n/a > 250 > 50 4 4 Cash outflows for EP Equipment (€~93 million), All Lift (€~60 million), Navflex (€~4 million) 1 2
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2026 segment forecast: ITS updated, AWE unchanged 14 1 Adjusted for contributions of the discontinued Russia business (incoming orders, revenue and operating EBIT) and also adjusted for earnings-related one-off effects (sale of Russian subsidiary and transformation programme). 2 Adjusted for earnings-related one-off effects (loss on disposal R&D and transformation programme). 3 Ad hoc release as of 23 July 2026 as well as interim report as of 30 June 2026. 2026 forecast updated: ITS 2026 forecast: AWE Lost incoming orders and revenue from Russia offset (2025 contributions: €~150 million to each) Product innovations and Mid-Tech portfolio strengthen incoming orders EBIT and EBIT ROS negatively affected by deconsolidation effect of Russian subsidiary (€21 million), transformation programme (€11 million) and consequential effects of Lüneburg strike (€9 million) Dynamism in incoming orders through targeted market development Accelerated internationalisation Investments in automation business Automation & Warehouse Equipment Actual 2025 Adjusted 20252 2026 forecast Incoming orders in € billion 0.9 0.9 1.0 – 1.2 Revenue in € billion 0.9 0.9 0.9 – 1.1 EBIT in € million –21 2 0 – 15 EBIT ROS in % –2.3 0.2 0 – 1.5 One-off effects in € million –23 +1 Increase in margin through standardisation and further efficiency measures, positive impact of transformation programme (€1 million) Industrial Trucks & Services Actual 2025 Adjusted 20251 Previous 2026 forecast Updated 2026 forecast3 Incoming orders in € billion 4.5 4.4 4.4 – 4.8 4.5 – 4.9 Revenue in € billion 4.6 4.5 4.3 – 4.7 4.4 – 4.8 EBIT in € million 222 395 360 – 420 310 – 370 EBIT ROS in % 4.8 8.8 8.3 – 8.9 7.0 – 7.6 One-off effects in € million including operational Russia contribution –197 +24 –35 –41
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Additional information
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Group key figures H1 2026 16 H1 2025 H1 2026 Change % Incoming orders in € million 2,743 2,954 7.7 Revenue in € million 2,656 2,669 0.5 EBIT in € million 210.5 144.9 –31.2 excluding one-off effects 178.7 EBIT ROS in % 7.9 5.4 – excluding one-off effects 6.7 EBT in € million 195.8 132.2 –32.5 excluding one-off effects 166.0 EBT ROS in % 7.4 5.0 – excluding one-off effects 6.2 Profit or loss in € million 139.0 73.2 –47.3
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2,6561 2,6692 H1 2025 H1 2026 Incoming orders in € million Group: Incoming orders and revenue 17 Revenue in € million 2,7431 2,9542 H1 2025 H1 2026 +8%3 +1%3 Incoming orders up significantly due to intensive sales activities in the ITS and AWE segments Significant revenue growth in AWE segment offsets decline in revenue in ITS segment 1 Includes contribution of the Russian subsidiary (incoming orders: €76 million, revenue: €72 million). 2 Includes contribution of the Russian subsidiary (incoming orders: €12 million, revenue: €11 million, both until 12 February 2026). 3 Excluding the contributions of the Russian subsidiary, incoming orders would have increased by 10% and revenue by 3%.
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195.81 132.22 33.8 H1 2025 H1 2026 210.51 33.8 H1 2025 H1 2026 144.9 EBIT in € million 18 EBT in € million–15% 7.9% 5.4% 7.4% Profit or loss in € million Earnings per preferred share in € EBT ROS –15% 139.0 73.2 H1 2025 H1 2026 –47% 1.37 0.73 H1 2025 H1 2026 –47% 1 Excluding Russia business (€11.4 million in EBIT with €72 million in revenue), EBIT ROS of 7.5% and EBT ROS of 6.9%. 2 Excluding Russia business (€1.0 million in EBIT with €11 million in revenue), EBIT ROS of 6.7% and EBT ROS of 6.2%. EBIT ROS One-off effects of €33.8 million due to sale of the Russian subsidiary (€–20.5 million), consequential effects of the strike at the Lüneburg plant, which ended in February (€–7.4 million), and the transformation programme (€–5.9 million). The intense competitive environment also had a negative effect 5.0% –33%–31% Group tax rate of 45 per cent (previous year: 29 per cent) resulting from the sale of the Russian subsidiary and the targeted agreement with the tax authorities regarding tax matters for the years 2017 to 2023 178.7 2 166.02 6.7% 6.2% Group: Earnings indicators far below previous year
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2,2851 2,2412 H1 2025 H1 2026 2,3051 2,4172 H1 2025 H1 2026 Revenue in € million EBIT in € million 204.23 133.5 34.7 H1 2025 H1 2026 –18% Incoming orders in € million 8.9% 6.0%EBIT ROS Industrial Trucks & Services segment (ITS) Positive developments, particularly in the business field of new business Declines in new business, short-term rental and used equipment only partially offset by customer services 19 –2%5 168.24 1 Includes contributions of the Russian subsidiary (incoming orders: €76 million, revenue: €72 million). 2 Includes contributions of the Russian subsidiary (incoming orders: €12 million, revenue: €11 million). 3 Excluding Russia business (€11.4 million in EBIT with €72 million in revenue), EBIT ROS of 8.7%. 4 Excluding Russia business (€1.0 million in EBIT with €11 million in revenue), EBIT ROS of 7.4%. One-off effects of €34.7 million included (sale of Russian subsidiary €20.5 million, conse- quential effects of Lüneburg strike €7.4 million, transformation programme €6.8 million) +5%5 –35% 7.5% 5 Excluding the contributions of the Russian subsidiary, incoming orders would have increased by 8% and revenue by 1%.
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417 471 H1 2025 H1 2026 480 588 H1 2025 H1 2026 Revenue in € million EBIT in € million -7.6 –7.6 0.9 +–0% Incoming orders in € million -1.8% –1.4% EBIT ROS Automation & Warehouse Equipment (AWE) segment Increases in both business fields (automation (+31%) and warehouse equipment (+15%)) Revenue growth particularly in the business field of automation (18%) Release of provisions from transformation programme (€0.9 million) included 20 +23% +13% H1 2025 H1 2026 +12% –6.7 –1.6%
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One-off effects in Q2 2026 21 1 Adjusted for earnings-related one-off effects. 88.4 EBIT Q2 2026 Strike at Lüneburg plant Consequential effect on earnings of strike that ended in mid-February 2026 Transformation programme Expenses for the transformation programme, which was approved in July 2025, involving staff- and location-based measures 6.8% EBIT ROS 95.5 6.3% EBIT ROS EBIT Q2 2026 excluding one-off effects1 2.6 4.5
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One-off effects in H1 2026 22 1 Adjusted for earnings-related one-off effects; includes €1 million operating EBIT contribution of the Russian subsidiary. 2 Adjusted for earnings-related one-off effects as well as operating EBIT contribution of Russia business that has been discontinued since 13 February 2026. 178.7 EBIT H1 2026 excluding one-off effects1 EBIT H1 2026 Sale of Russian subsidiary Contract signed 21 July 2025, completed 12 February 2026 Strike at Lüneburg plant Consequential effect on earnings of strike that ended in mid-February 2026 Transformation programme Expenses for the transformation programme, which was approved in July 2025, involving staff- and location-based measures 6.7% EBIT ROS 177.7 6.7% EBIT ROS 5.4% EBIT ROS EBIT H1 2026 excluding Russia business2Operating EBIT Operating EBIT contribution of the Russian subsidiary 5.9 144.9 20.5 7.4 -1.0
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2026 forecast for Group and ITS adjusted, for AWE maintained9 23 Group Industrial Trucks & Services Automation & Warehouse Equipment Actual 20251,2,3 2026 forecast6 Actual 20251,4 2026 forecast7 Actual 20255 2026 forecast8 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 – 1.1 EBIT in € million 228 340 – 400 222 310 – 370 –21 0 – 15 EBIT ROS in % 4.2 6.2 – 7.0 4.8 7.0 – 7.6 –2.3 0 – 1.5 EBT in € million 196 310 – 370 --- --- EBT ROS in % 3.6 5.6 – 6.4 --- --- ROCE in % 8.3 12 – 16 --- --- Free cash flow in € million 314 > 50 --- --- 5 EBIT includes €23 million in negative one-off effects. 6 EBIT includes €40 million in negative one-off effects. 7 EBIT includes €41 million in negative one-off effects, therein €1 million holding company. 8 EBIT includes €1 million in positive one-off effects. 9 Ad hoc release as of 23 July 2026. 1 Incoming orders and revenue each include around €150 million from the Russian subsidiary. 2 EBIT includes €220 million in negative one-off effects (including operating EBIT of the Russian subsidiary of €24 million). 3 Group figures include Financial Services and consolidation in addition to ITS and AWE. 4 EBIT includes €197 million in negative one-off effects (including operating EBIT of the Russian subsidiary of €24 million), therein €6 million holding company.
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New segment structure improves control and transparency 24 Own P&L and management organisation strengthen accountability and manageability Separate segments as a basis for growth and profitability Creating transparency about performance in the individual segments Financial Services supporting ITS and AWE Industrial Trucks & Services (ITS) Automation & Warehouse Equipment (AWE) New business Short-term rental and used equipment Customer services From financial year 2026: Intralogistics becomes ITS and AWE Warehouse equipment Mobile robots Automated solutions Automation
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Segment view – development by quarters in 2025 25 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 1,334 1,107 253 1,310 1,118 216 5,387 4,530 948 Revenue 1,305 1,133 189 1,351 1,152 228 1,352 1,164 226 1,494 1,209 301 5,502 4,658 945 EBIT 104.5 106.0 -7.5 106.0 98.2 -0.1 -50.2 -34.8 -22.7 68.0 52.5 9.8 228.4 221.9 -20.6 EBIT ROS 8.0% 9.4% -4.0% 7.8% 8.5% -0.1% -3.7% -3.0% -10.0% 4.6% 4.3% 3.2% 4.2% 4.8% -2.2% One-off effects 0 0 0 0 0 0 -162.9 -140.5 -22.4 -56.7 -56.1 -0.6 -219.6 -196.6 -23.0 EBIT without one-off effects 104.5 106.0 -7.5 106.0 98.2 -0.1 112.7 105.7 -0.3 124.7 108.5 10.4 447.9 418.4 2.4 EBIT ROS without one-off effects 8.0% 9.4% -4.0% 7.8% 8.5% -0.1% 8.3% 9.1% -0.1% 8.3% 9.0% 3.4% 8.1% 9.0% 0.3% Acquisition effects -4 0 -4 -3 0 -3 -3 0 -3 -4 0 -4 -14 0 -14 Remark: Group figures include Financial Services and consolidation in addition to ITS and AWE. Table contains rounding differences.
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Segment view – development by quarters in 2026 26Remark: Group figures include Financial Services and consolidation in addition to ITS and AWE. Table contains rounding differences. in € million Q1 2026 Q2 2026 Group ITS AWE Group ITS AWE Orders on hand 1,590 939 651 1,629 928 701 Order intake 1,535 1,275 277 1,419 1,142 311 Revenue 1,272 1,079 205 1,397 1,162 266 EBIT 56.5 51.6 -4.5 88.4 81.9 -2.2 EBIT ROS 4.4% 4.8% -2.2% 6.3% 7.0% -0.8% One-off effects -26.7 -27.6 +0.9 -7.1 -7.1 0 EBIT without one-off effects 83.2 79.2 -5.4 95.5 89.0 -2.2 EBIT ROS without one-off effects 6.5% 7.3% -2.6% 6.8% 7.7% -0.8% Acquisition effects -4 0 -4 -3 0 -3
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One-off effects One-off effects & acquisition effects – development by quarter in 2025 27 in € million Q1 2025 Q2 2025 Q3 2025 Q4 2025 2025 Total one-off effects -163 -57 -220 ITS -141 -56 -197 therein holding company -6 -6 AWE -22 -1 -23 Sale of Russian subsidiary -85 -24 -109 ITS -85 -24 -109 therein holding company AWE Transformation programme -60 -33 -93 ITS -56 -32 -88 therein holding company -6 -6 AWE -4 -1 -5 Research & development -18 -18 ITS therein holding company AWE -18 -18 Acquisition effects -4 -3 -3 -4 -14 Purchase price allocation -3 -2 -2 -3 -10 Variable management remuneration -1 -1 -1 -1 -4 Table contains rounding differences.
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One-off effects One-off effects & acquisition effects – development by quarter in 2026 28 in € million Q1 2026 Q2 2026 2026e Total one-off effects -27 -7 -40 ITS -28 -7 -41 therein holding company -1 -1 AWE +1 +1 Sale of Russian subsidiary -21 -21 ITS -21 -21 therein holding company AWE Transformation programme -1 -5 -10 ITS -2 -5 -11 therein holding company -1 -1 AWE +1 +1 Strike at Lüneburg plant -5 -3 -9 ITS -5 -3 -9 therein holding company AWE Acquisition effects -4 -3 -13 Purchase price allocation -3 -3 -12 Variable management remuneration -0.5 +0.1 -1 Table contains rounding differences.
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The explanations in this presentation are partially forward-looking statements that are based on the company management’s current expectations, assumptions and assessments for future developments. Such statements are subject to risks and uncertainty that are largely beyond the company’s control. This includes changes in the overall economic situation – such as impacts from geopolitical conflicts, natural catastrophes, pandemics and similar force majeure events –, supply of raw and auxiliary materials, the availability and price development of energy and raw and auxiliary materials, demand in important markets, competition and regulatory frameworks and regulations, exchange and interest rates and the outcome of pending or future legal proceedings. Should these or other uncertainties or unknown factors apply or the assumptions on which these statements are based prove false, actual results may deviate significantly from the results stated or implied. No responsibility is therefore taken for forward-looking statements. Without prejudice to existing capital market obligations, there is no intention to accept any obligation to update forward-looking statements. Disclaimer 29
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2026 financial calendar and IR contact 30 IR contactFinancial calendar Date Event 27/03/2026 Balance sheet press conference (virtual) 27/03/2026 Analyst conference (virtual) 07/05/2026 Interim statement as of 31/03/2026 19/05/2026 Annual General Meeting 22/05/2026 Dividend payment 11/08/2026 Interim report as of 30/06/2026 10/11/2026 Interim statement as of 30/09/2026 Subscribed capital: €102 million divided into 54,000,000 no-par-value ordinary shares 48,000,000 no-par-value preferred shares (listed) Securities identification numbers (preferred shares): ISIN: DE0006219934 WKN: 621 993 Stock exchanges: Frankfurt, Hamburg and all other German stock exchanges Segment: Prime Standard Branch: Industry Stock index: SDAX Tickers: Reuters JUNG_p.de Bloomberg JUN3 GR Andrea Bleesen Head of Corporate Investor Relations General information Jungheinrich Aktiengesellschaft Friedrich-Ebert-Damm 129 22047 Hamburg, Germany Tel +49 40 6948 3407 andrea.bleesen@jungheinrich.de www.jungheinrich.com