KION GROUP AG
ISIN: DE000KGX8881
WKN: KGX888
14 November 2024 10:58AM

EQS-News: KION GROUP AG successfully places a bond of € 500 million

KION GROUP AG · ISIN: DE000KGX8881 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 2030311

EQS-News: KION GROUP AG / Key word(s): Bond
KION GROUP AG successfully places a bond of € 500 million (news with additional features)

14.11.2024 / 10:58 CET/CEST
The issuer is solely responsible for the content of this announcement.


KION GROUP AG successfully places a bond of € 500 million

  • Successful placement of € 500 million
  • Offering to institutional and retail investors, the latter via the secondary market
  • Term of five years, coupon of 4.0 per cent
  • Proceeds to be used to refinance existing liabilities with maturities primarily due in 2025

Frankfurt am Main, November 14, 2024 – KION GROUP AG has successfully placed a corporate bond with a total volume of € 500 million on the capital markets. The issue attracted a great deal of attention from investors. By issuing the bond, KION GROUP AG is using the public capital market under its established EMTN program to strengthen the resilience and flexibility of the Group’s financing.

“In a challenging environment, our goal was to refinance our debts due in the coming year at an early stage from a robust financial position,” said Christian Harm, CFO of KION GROUP AG. “We were delighted with the great interest shown by investors.”

The unsecured bond, which matures in November 2029, was issued at a price of 99.46% and has an annual coupon of 4.0%. The offering was primarily addressed to institutional investors but is now also suitable for retail investors in the secondary market given the denomination of € 1,000.

The proceeds from the bond will be used to refinance existing liabilities earlier than planned. The aim in doing so is to improve the maturity profile of KION GROUP AG's borrowing.


Bond data

Maturity November 20, 2029
Volume € 500 million
Term 5 years
Issue price 99.46%
Coupon 4.0%
Denomination € 1,000
ISIN/WKN XS2938562068 / A383W2
Issuer KION GROUP AG
Listing Luxembourg, Regulated Market

Details of the bond program’s structure are available online at:

https://www.kiongroup.com/en/Investor-Relations/Refinancing/Bond/index.jsp

 

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

Dr. Christopher Spies
Director Group Communications
Cell +49 151 14 06 52 27
christopher.spies@kiongroup.com

 

Further Information for Investors

Sebastian Ubert
Vice President Investor Relations
Phone +49 (0)69 201 107 329
sebastian.ubert@kiongroup.com

Raj Junginger
Senior Manager Investor Relations
Phone +49 (0)69 201 107 942
raj.junginger@kiongroup.com

Website: www.kiongroup.com/media

Follow us on: LinkedIn | Instagram | X (Twitter) | Facebook | WeChat | TikTok | YouTube


Additional features:

File: 1411_Press Release_KION_Bond_2024
File: KION_3010


14.11.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


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: 2030311

 
End of News EQS News Service

2030311  14.11.2024 CET/CEST

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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
  2018 2019 2020 2021 2022 2023 2024e
Sales1 7.995,70 8.806,50 8.341,60 10.294,30 11.135,60 11.433,70 11.520,00
EBITDA1,2 1.540,60 1.614,60 1.327,70 1.735,70 1.201,80 1.713,60 1.940,00
EBITDA-Margin3 19,27 18,33 15,92 16,86 10,79 14,99 16,84
EBIT1,4 642,80 716,60 389,90 794,80 168,30 660,60 885,00
EBIT-Margin5 8,04 8,14 4,67 7,72 1,51 5,78 7,68
Net Profit (Loss)1 401,60 444,80 210,90 568,00 105,80 314,40 450,00
Net-Margin6 5,02 5,05 2,53 5,52 0,95 2,75 3,91
Cashflow1,7 765,50 846,30 527,10 881,70 -345,90 1.144,00 0,00
Earnings per share8 3,29 3,86 1,81 4,33 0,75 2,33 3,40
Dividend per share8 1,20 0,04 0,41 1,50 0,19 0,70 0,95
Quelle: boersengefluester.de and Company information
Explanation

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

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INVESTOR-INFORMATION
©boersengefluester.de
Kion Group
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
KGX888 DE000KGX8881 AG 4.093,40 Mio € 28.06.2013 Kaufen 9F2C3H4Q+8C
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
7,80 21,52 0,36 11,20 0,72 3,58 0,36
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
0,19 0,70 0,95 3,04%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
27.05.2025 30.04.2025 31.07.2024 30.10.2024 27.02.2025
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
+0,58%
31,20 €
ATH 103,70 €
-10,20% -19,88% -19,32% -19,36% +30,00%

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