Jungheinrich has to scale back its own goals

The Hamburg forklift manufacturer Jungheinrich has planned too much for 2030. On Tuesday, the company withdrew the sales and earnings targets it had set last year. Sales will only increase to seven to eight billion euros by 2030, and the return on sales before interest and taxes (EBIT margin) will be between eight and nine percent. Jungheinrich had previously targeted sales of ten billion euros with an EBIT margin of ten percent.

“By adjusting the target figures, Jungheinrich is taking into account in particular the increasing geopolitical tensions, the weak economic growth in the European core markets and the structural shifts in the market for industrial trucks,” the statement said. But nothing will change in the basic strategy, emphasized CEO Lars Brzoska. "With the new medium-term goals, we are creating a resilient basis for the further implementation of our strategy. Jungheinrich will concentrate on markets and technologies with particularly good growth opportunities.

The company had already reduced its targets for the current year in July. Since then, incoming orders of 5.5 to 6.1 (2025: 5.4) billion euros and sales of 5.3 to 5.9 (5.4) billion euros are expected. Earnings before interest and taxes (EBIT) are expected to rise to 340 to 400 (228) million euros. That would be an EBIT margin of 6.2 to 7.0 percent. The EBIT includes negative special effects of 40 million euros, a good half of which is attributable to the withdrawal from Russia.