EQS-News: KION with strong financial year 2024 – efficiency program resolved to strengthen resilience
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EQS-News: KION GROUP AG
/ Key word(s): Preliminary Results
KION with strong financial year 2024 – efficiency program resolved to strengthen resilience
“KION is at a pivotal moment in its history. Our preliminary results of the financial year 2024 prove that in a challenging environment we can deliver a strong performance,” said Rob Smith, CEO of KION GROUP AG. “KION is a recognized leader in its markets, strongly valued across our customer base and by our partners. We are the first in the industry to work with NVIDIA’s physical AI, creating the warehouse of the future and reshaping our industry. To further drive our development of solutions in both segments to cover future requirements from our customers, we will develop an even more resilient and agile company.” Structural measures to optimize KION’s efficiency The efficiency program is addressing developments in the macroeconomic environment. European economies are struggling to gain momentum – this affects key customer industries in the Industrial Trucks & Services segment, where Chinese competitors have been improving their market position in the aftermaths of the recent pandemics. While internal programs to continuously improve product, production and services costs were already up and running throughout 2024 and will continue, further structural measures will address a more efficient setup for KION in Europe. This is expected to have an impact on personnel requirements subject to consultations with the respective employee representative bodies as required by local laws. The efficiency program aims to achieve sustainable cost savings of around € 140 million to € 160 million per year, fully effective in the 2026 financial year. For the implementation of the cost saving measures one-off expenses in the amount of approximately € 240 million to € 260 million are expected in the financial year 2025. The vast majority is expected to be cash-effective in the financial year 2025 as well. Christian Harm, CFO of KION GROUP AG, adds: “In order to maintain headroom for investments ensuring our future, to further strengthen our competitiveness and our resilience, we must manage our cost base. This requires structural and sustainable measures.” The preliminary and unaudited results for the group and the segments for the FY 2024 and Q4 2024 are as follows:
The Company The KION Group is one of the world’s leading providers of industrial trucks and supply chain solutions. Its full spectrum of services includes industrial trucks, such as forklift trucks and warehouse trucks, as well as integrated automation technologies and software solutions for the optimization of supply chains—including all related services. The KION Group’s solutions ensure the smooth flow of materials and information in customers’ warehouses, production plants, and distribution centers in over 100 countries. The MDAX listed group is the largest manufacturer of industrial trucks in the EMEA region based on the number of units sold in 2022. Based on revenue for the year 2023, the KION Group is the leading overseas manufacturer in China, and including domestic manufacturers, the third-largest supplier there. The KION Group is also one of the world’s leading warehouse automation providers, based on 2023 revenue. At the end of 2023, more than 1.8 million industrial trucks of the KION Group were in use by customers from all manner of sectors and of varying sizes on six continents. The group currently has more than 42,000 employees and generated revenue of approx. € 11.4 billion in the 2023 financial year. You can access up-to-date image material for the KION Group via our image database https://kion-mediacenter.canto.global/v/MediaCenter/ as well as on our respective brands’ websites. (cs) Disclaimer This release and the information contained herein are for information purposes only and do not constitute a prospectus or an offer to sell or a solicitation of an offer to buy any securities in the United States or in any other jurisdiction. This release contains forward-looking statements that are subject to various risks and uncertainties. Future results could differ significantly from the results that are currently expected due to various risk factors and uncertainties such as changes in economic or industry-specific conditions, changes in the market environment or political situation, changes in domestic or international legislation, interest rate or exchange rate fluctuations, legal disputes and investigations, and the availability of financial resources. We do not assume any responsibility for updating the forward-looking statements in this release. Further information for media representatives Further Information for Investors Raj Junginger
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04.02.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group. |
| Language: | English |
| Company: | KION GROUP AG |
| Thea-Rasche-Straße 8 | |
| 60549 Frankfurt/Main | |
| Germany | |
| Phone: | +49 69 20110-0 |
| E-mail: | info@kiongroup.com |
| Internet: | www.kiongroup.com |
| ISIN: | DE000KGX8881 |
| WKN: | KGX888 |
| Indices: | MDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2080721 |
| End of News | EQS News Service |
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2080721 04.02.2025 CET/CEST
Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.
| The most important financial data at a glance | ||||||||
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025e | ||
| Sales1 | 8.806,50 | 8.341,60 | 10.294,30 | 11.135,60 | 11.433,70 | 11.503,20 | 11.550,00 | |
| EBITDA1,2 | 1.614,60 | 1.327,70 | 1.735,70 | 1.201,80 | 1.713,60 | 1.917,00 | 1.975,00 | |
| EBITDA-Margin3 | 18,33 | 15,92 | 16,86 | 10,79 | 14,99 | 16,67 | 17,10 | |
| EBIT1,4 | 716,60 | 389,90 | 794,80 | 168,30 | 660,60 | 777,80 | 830,00 | |
| EBIT-Margin5 | 8,14 | 4,67 | 7,72 | 1,51 | 5,78 | 6,76 | 7,19 | |
| Net Profit (Loss)1 | 444,80 | 210,90 | 568,00 | 105,80 | 314,40 | 369,20 | 395,00 | |
| Net-Margin6 | 5,05 | 2,53 | 5,52 | 0,95 | 2,75 | 3,21 | 3,42 | |
| Cashflow1,7 | 846,30 | 527,10 | 881,70 | -345,90 | 1.144,00 | 1.170,60 | 1.200,00 | |
| Earnings per share8 | 3,86 | 1,81 | 4,33 | 0,75 | 2,33 | 2,75 | 3,00 | |
| Dividend per share8 | 0,04 | 0,41 | 1,50 | 0,19 | 0,70 | 0,82 | 1,00 | |
1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de
Auditor: KPMG
All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.
| INVESTOR-INFORMATION | ||||||
| ©boersengefluester.de | ||||||
| Kion Group | ||||||
| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| KGX888 | DE000KGX8881 | AG | 4.395,16 Mio € | 28.06.2013 | Kaufen | 9F2C3H4Q+8C |
| PE 2026e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| 8,82 | 20,78 | 0,42 | 11,89 | 0,72 | 3,75 | 0,38 |
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Dividend '2022 in € |
Dividend '2023 in € |
Dividend '2024e in € |
Div.-Yield '2024e in % |
| 0,19 | 0,70 | 0,82 | 2,45% |
| Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
| 27.05.2025 | 30.04.2025 | 30.07.2025 | 30.10.2025 | 27.02.2025 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| -13,04% | -6,80% | +5,15% | -29,44% | +39,58% |
