KION GROUP AG

KGX

Equity

ISIN DE000KGX8881 / Valor 21642770

Xetra (2025-03-14)

EUR 45.04+4.82%

KION GROUP AG
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About company

KION GROUP AG is a global leader in the material handling industry, offering a wide range of products and services tailored to meet the demands of various markets worldwide. The company's financial services arm, KION Financial Services, provides customized financing solutions to support sales and customer retention efforts. With separate financial services companies in key markets across Europe and North America, KION Group AG also operates production facilities in the US and China to meet the specific needs of these regions. Additionally, the company's focus on digital innovation through KION IoT Systems demonstrates its commitment to enhancing connectivity and efficiency in the industry.

Summarized from source with an LLMView SourceSector: Industrials

Revenue Performance

In the third quarter of 2024, KION GROUP AG reported a slight decrease in revenue, amounting to €2,699.2 million, compared to €2,729.9 million in the same quarter of 2023, reflecting a 1.1% decline. However, for the first nine months of 2024, the company achieved a 1.1% increase in revenue, reaching €8,435.3 million, up from €8,347.3 million in the corresponding period of the previous year.

Profitability and Earnings

KION GROUP AG's adjusted EBIT for Q3 2024 was €219.6 million, slightly down by 1.8% from €223.6 million in Q3 2023. Despite this quarterly dip, the adjusted EBIT for the first nine months of 2024 rose significantly by 16.6% to €666.7 million, compared to €571.9 million in the same period of 2023. The adjusted EBIT margin also improved to 7.9% from 6.9% year-on-year.

Net Income and Earnings Per Share

The net income for KION GROUP AG in Q3 2024 was €73.9 million, marking a 9.9% decrease from €82.0 million in Q3 2023. Correspondingly, the basic earnings per share dropped by 9.3% to €0.55 from €0.61. However, for the first nine months of 2024, net income increased by 11.9% to €255.6 million, with earnings per share rising to €1.90 from €1.70 in the previous year.

Free Cash Flow

KION GROUP AG reported a substantial increase in free cash flow for the first nine months of 2024, reaching €431.3 million, up from €329.3 million in the same period of 2023. This improvement underscores the company's enhanced cash generation capabilities during the reporting period.

Outlook and Strategic Investments

KION GROUP AG has confirmed and firmed up its outlook for 2024 within the forecast ranges. The company continues to invest strategically, including the expansion of its Supply Chain Solutions plant in Jinan, China, and the construction of a new distribution center in Germany, aiming to boost operational efficiency and market presence.

Summarized from source with an LLMView Source

Key figures

-7.93%1Y

-39.4%3Y

15.4%5Y

Performance

37.2%1Y

49.3%3Y

45.2%5Y

Volatility