Published by Global Banking & Finance Review®
Posted on July 21, 2025
2 min readLast updated: January 22, 2026
Add as preferred source on GoogleJungheinrich sells its Russian unit, revises 2025 profit forecasts, impacting EBIT and EBT. Sale price was below book value due to Russian regulations.
(Reuters) -German forklift truck maker Jungheinrich said on Monday it had agreed to sell its Russian unit to a Russian financial investor and asset manager, and was cutting its full-year profit forecast as a result.
Due to the sale of Russia-based Jungheinrich Lift Truck OOO, Jungheinrich said it now expects earnings before interest and income taxes (EBIT) to be between 160 million euros and 230 million euros ($186 million-$268 million) for the year, down from a previously forecast 280 million to 350 million euros.
It also expected earnings before taxes (EBT) of 130 million to 200 million euros, against a previous forecast of 250 million to 320 million, with a return on capital employed (ROCE) of between 5% and 9%, from previously 10%-14%.
The company said that the sale price agreed for its Russian subsidiary, with an investor it did not name, was significantly below the book value of the participation as of December 31, 2024. This was due to a requirement by the Russian Government Commission on the Control of Foreign Investments for the sale price to be a maximum of 40% of the market value of the affected Russian company as determined by a Russian valuation expert, it said.
Jungheinrich kept its full-year guidance for incoming orders and revenue unchanged.
($1 = 0.8587 euros)
(Reporting by Linda Pasquini; editing by Matthias Williams and Susan Fenton)
Jungheinrich has agreed to sell its Russian unit to a Russian financial investor and asset manager.
Jungheinrich now expects earnings before interest and income taxes (EBIT) to be between 160 million euros and 230 million euros.
The company has cut its full-year profit forecast, expecting earnings before taxes (EBT) of 130 million to 200 million euros, down from a previous forecast of 250 million to 320 million euros.
The sale price agreed for Jungheinrich's Russian subsidiary is significantly below the book value as of December 31, 2024.
No, Jungheinrich has kept its full-year guidance for incoming orders and revenue unchanged.
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