2025 ahead ayondo Franchise coming soon
Happy 
xMas Holidays
xMas Holidays
xMas Holidays
|
EQS-Ad-hoc: KION GROUP AG / Key word(s): Change in Forecast/Preliminary Results For the first quarter of 2023, based on preliminary results, the Executive Board of KION GROUP AG expects adjusted EBIT to be €156 million (previous year: €170.3 million) at Group level, which is significantly above market expectations (Vara Research consensus as of April 16, 2023: €118 million; average of estimates from 13 financial analysts). This is mainly driven by the improving supply chain situation and pull-forward benefits from operational and commercial agility in the Industrial Trucks & Services segment. Adjusted EBIT for the Industrial Trucks & Services segment is expected to significantly exceed market expectations in the first quarter of 2023 at €177 million (previous year: €114.2 million) (Vara Research consensus as of April 16, 2023: €139 million; mean value from estimates of 13 financial analysts). Free cash flow at Group level is expected to be clearly positive at €105 million (previous year: €-432.6 million; Vara Research consensus as of April 16, 2023: €60 million; mean value from estimates of 4 financial analysts). In the Supply Chain Solutions segment, the Executive Board of KION GROUP AG expects an order volume of approximately €498 million in the first quarter of 2023, which is significantly below market expectations (Vara Research consensus as of April 16, 2023: €713 million; mean value from estimates of 13 financial analysts). Due to the strong first quarter of 2023 in the Industrial Trucks & Services segment, the Executive Board of KION GROUP AG today, April 19, 2023, adjusted the outlook for fiscal year 2023 for the Group and the Industrial Trucks & Services segment published on March 2, 2023 as follows:
KION GROUP AG will announce the final results for the first quarter of 2023 on April 27, 2023. Explanations and reconciliations of the key financial figures used can be found in the Annual Report 2022 of KION GROUP AG (available at https://www.kiongroup.com/en/Investor-Relations/Publications/), in particular on pages 73 et seq. The Vara Research consensus is published at https://www.kiongroup.com/en/Investor-Relations/Share/. Contact for investors Sebastian Ubert Raj Junginger End of Inside Information
19-Apr-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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: | 1611801 |
| End of Announcement | EQS News Service |
|
|
1611801 19-Apr-2023 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.
