Jungheinrich facing financial review

The German Federal Financial Supervisory Authority (BaFin) has initiated a review of Jungheinrich’s financial statements from 30 June 2025

The forklift truck manufacturer said the review related to the valuation of assets and impairments around the disposal last year of its business in Russia.

Jungheinrich, which said it was supporting the review in a constructive way, said the valuation of assets - including forklifts for short and long term rental - may have been incorrect due to the planned disposal of the business in Russia.

Jungheinrich electric counterbalanced forklifts. (Image: Jungheinrich)

“The intention to sell may have resulted in a need for impairment, and without recognising such impairment, trucks for short term rental and inventories in particular may have been overstated”, said the manufacturer.

“At the core of the review is the question of whether the impairment should already have been recognized in the first half of 2025.

“The review therefore relates exclusively to the timing of the impairment in connection with the disposal of the Russian subsidiary.”

Jungheinrich said the impairment was recognised in July 2025. The sale of the Russian business was agreed on 21 July 2025, at which time it said the impairment loss was likely to valued in the high double-digit million Euros.