Jungheinrich AG (JUNG_P) said on Monday that it has inked a deal to sell its wholly owned subsidiary Jungheinrich Lift Truck OOO to a Russian financial investor and asset manager. The transaction is expected to be closed in the fourth quarter of 2025.
Citing this transaction, the company has revised down its annual earnings guidance.
Jungheinrich now expects earnings before interest and income taxes of €160 million to €230 million, compared with the earlier guidance of €280 million to €350 million.
The company now projects earnings before taxes of €130 million to €200 million, lower than the earlier outlook of €250 million to €320 million.
The company, however, reaffirmed its annual revenue outlook of €5.3 billion to €5.9 billion.
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