Kion Group AG
OTC:KIGRY
Kion Group AG
Kion Group AG stands out in the world of intralogistics, operating as a powerhouse in the forklift truck and supply chain solutions markets. With roots tracing back to Germany, Kion has grown into a global entity, crafting machinery that moves goods within warehouses and factories—key players in the ballet of production and distribution. The company, forging ahead with technological prowess, offers a spectrum of products from standard pallet handlers to advanced automated warehouses. It is through the synthesis of engineering brilliance and customer-centric service that Kion has solidified its prominence. The company's stature is bolstered by an extensive network that reaches beyond traditional borders, showcasing its prowess in efficiently moving goods where they are needed most.
Revenue streams for Kion pivot on two primary axes: industrial trucks and services, and supply chain solutions. The industrial trucks and services sector serves a vast array of industries, providing forklifts and warehousing technology alongside maintenance and fleet management services—a cornerstone that ensures customer operations run seamlessly. On the supply chain solutions end, Dematic, a pivotal subsidiary, takes the lead, integrating automation and IT to enhance productivity in warehouses and distribution centers. Through sales and service efficiencies, Kion thrives on an economic model that capitalizes on initial equipment sales, sustained by long-term service agreements and technological upgrades. It's this strategic orchestration of product and service that propels Kion Group AG's economic engine.
Kion Group AG stands out in the world of intralogistics, operating as a powerhouse in the forklift truck and supply chain solutions markets. With roots tracing back to Germany, Kion has grown into a global entity, crafting machinery that moves goods within warehouses and factories—key players in the ballet of production and distribution. The company, forging ahead with technological prowess, offers a spectrum of products from standard pallet handlers to advanced automated warehouses. It is through the synthesis of engineering brilliance and customer-centric service that Kion has solidified its prominence. The company's stature is bolstered by an extensive network that reaches beyond traditional borders, showcasing its prowess in efficiently moving goods where they are needed most.
Revenue streams for Kion pivot on two primary axes: industrial trucks and services, and supply chain solutions. The industrial trucks and services sector serves a vast array of industries, providing forklifts and warehousing technology alongside maintenance and fleet management services—a cornerstone that ensures customer operations run seamlessly. On the supply chain solutions end, Dematic, a pivotal subsidiary, takes the lead, integrating automation and IT to enhance productivity in warehouses and distribution centers. Through sales and service efficiencies, Kion thrives on an economic model that capitalizes on initial equipment sales, sustained by long-term service agreements and technological upgrades. It's this strategic orchestration of product and service that propels Kion Group AG's economic engine.
Order Intake Growth: Group order intake rose 10% year-on-year in Q3 to EUR 2.7 billion, with both segments recovering from their troughs.
Revenue & Profitability: Revenue was flat at group level, as gains in Supply Chain Solutions offset declines in Industrial Trucks & Services (ITS); adjusted EBIT reached EUR 190 million with a 7% margin.
Efficiency Program: Expected cost for the efficiency program was lowered to EUR 170–190 million (from EUR 240–260 million), while the savings target remains EUR 140–150 million.
Free Cash Flow Boost: Free cash flow was strong at EUR 231 million in Q3, and full-year guidance was raised to EUR 600–700 million due to lower efficiency program costs and cash outflow shifts.
Guidance Narrowed: Revenue and EBIT guidance ranges for 2025 were narrowed, reflecting solid performance and improved visibility.
Sustainability & Innovation: KION received a Platinum EcoVadis award and highlighted new AI and robotics partnerships at CeMAT Shanghai.