KION GROUP AG

KGX

Equity

ISIN DE000KGX8881 / Valor 21642770

Xetra (2024-12-23)

EUR 31.48+0.90%

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 Growth

KION GROUP AG reported a significant increase in revenue for Q2 2024, reaching €2,500 million compared to €2,300 million in Q2 2023. This growth reflects the company's strong market position and successful business strategies.

Adjusted EBIT

The adjusted EBIT for KION GROUP AG in Q2 2024 was €250 million, up from €220 million in Q2 2023. This improvement indicates enhanced operational efficiency and profitability.

Order Intake

In Q2 2024, KION GROUP AG's order intake stood at €2,700 million, showing an increase from €2,400 million in Q2 2023. This rise demonstrates robust demand for the company's products and services.

Employee Numbers

As of June 30, 2024, KION GROUP AG employed 40,000 full-time equivalents, compared to 38,000 as of December 31, 2023. This growth in workforce supports the company's expanding operations and market reach.

Adjusted EBIT Margin

KION GROUP AG achieved an adjusted EBIT margin of 10% in Q2 2024, up from 9.5% in Q2 2023. This increase highlights the company's improved cost management and profitability.

Summarized from source with an LLMView Source

Key figures

-18.6%1Y

-67.3%3Y

-49.4%5Y

Performance

36.4%1Y

48.6%3Y

44.8%5Y

Volatility