KION GROUP AG

KGX

Equity

ISIN DE000KGX8881 / Valor 21642770

Xetra (2026-02-23)

EUR 64.70-1.30%

KION GROUP AG
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About company

KION Group AG is a prominent global provider of industrial trucks, warehouse equipment, and comprehensive supply chain solutions. Operating through multiple brands such as Baoli, OM, STILL, and Dematic, the company manufactures and distributes a diverse range of forklifts and material handling equipment tailored to various regional markets, including Asia and India. Baoli specializes in cost-effective forklift solutions with a foundation in Chinese manufacturing and European quality standards, while OM focuses on market-specific innovations for the Indian market. The acquisition of Dematic has expanded KION’s capabilities into automation, supply chain optimization, and warehouse software, enhancing their ability to offer integrated logistics solutions. Additionally, the acquisition of Digital Applications International has bolstered KION’s software portfolio, further solidifying its position as a leader in providing connected and efficient warehouse systems. With a broad product lineup that includes electrically powered, fuel cell, and automated guided vehicles, KION Group AG effectively supports businesses in optimizing their material handling and warehouse operations globally.

Summarized from source with an LLMView SourceSector: Industrials

Top‑line (Q3 and YTD)

Q3 2025 revenue was €2,704.0m (Q3 2024: €2,699.2m). For Q1–Q3 2025, revenue was €8,200.4m, down 2.8% year‑on‑year.

Orders & order book

Order intake improved strongly: Q1–Q3 2025 order intake was €8,882.0m (+18.3% y/y). The order book rose to €4,944.1m as at Sep 30, 2025 (+6.7% vs Dec 31, 2024).

Earnings and margins

Q1–Q3 2025 adjusted EBIT was €575.4m (adjusted EBIT margin 7.0%, down from 7.9% in 2024). Reported EBIT for the period was €325.0m, reduced mainly by non‑recurring items.

Net income and EPS

Q3 2025 net income was €119.2m (Q3 2024: €73.9m, +61.3%). For Q1–Q3 2025 net income was €167.1m (‑34.6% y/y). Basic EPS for the nine months was €1.23 (Q1–Q3 2024: €1.90).

Non‑recurring items & efficiency program

The company recognized €185.2m of non‑recurring items in Q1–Q3 2025, including €160.8m related to an efficiency program. Total expected program expenses were reduced to €170–190m (previously €240–260m); expected recurring annual cost savings remain ~€140–150m.

Cash flow & liquidity

Free cash flow for Q1–Q3 2025 was €392.8m. Cash and cash equivalents were €342.5m at Sep 30, 2025, and available liquidity including an unutilized €1,385.7m credit facility totaled €1,727.5m.

Debt & leverage

Net financial debt fell to €818.4m (‑10.4% vs Dec 31, 2024), equivalent to 0.4x adjusted EBITDA (annualized). Industrial net operating debt (INOD) was €2,353.6m, with INOD leverage ~1.2x adjusted EBITDA.

Segment highlights

Industrial Trucks & Services: Q1–Q3 revenue €6,079.4m (‑3.6%), adjusted EBIT €529.5m (margin 8.7%, down). Orders up 7.3% to €5,970.1m. Supply Chain Solutions: Q1–Q3 revenue €2,154.3m (flat), adjusted EBIT €126.0m (margin 5.8%, markedly improved); order intake jumped 50.5% to €2,941.2m.

Outlook

The Executive Board refined the 2025 outlook within prior ranges and raised free cash flow guidance. The Group’s adjusted 2025 targets include revenue ~€11.1–11.4bn, adjusted EBIT ~€760–820m and free cash flow ~€600–700m (subject to no major supply‑chain/trade disruptions).

Summarized from source with an LLMView Source

Key figures

67.5%1Y

75.5%3Y

-9.21%5Y

Performance

42.6%1Y

40.2%3Y

44.1%5Y

Volatility