KION GROUP AG / DE000KGX8881
27.02.2025 - 06:53:25KION with strong financial year 2024: significant increase in profitability
| KION GROUP AG / Key word(s): Annual Results (news with additional features) 27.02.2025 / 06:53 CET/CEST The issuer is solely responsible for the content of this announcement. Revenue increases slightly to € 11.503 billion (2023: € 11.434 billion) Strong adj. EBIT with € 917.2 million (2023: € 790.5 million) Adj. EBIT margin of 8.0 percent (2023: 6.9 percent) Free cash flow of € 702.0 million (2023: € 715.2 million) Dividend proposal of € 0.82 per share (2023: € 0.70) Frankfurt am Main, February 27th, 2025 – The KION Group finished the financial year 2024 with consistent operating performance and strong financial results: With slightly improved revenue of € 11.503 billion (2023: € 11.434 billion), adjusted EBIT significantly increased to € 917.2 million (2023: € 790.5 million). The adjusted EBIT margin rose to 8.0 percent (2023: 6.9 percent). Free cash flow was € 702.0 million (2023: € 715.2 million), driven by the strong results and a substantial decrease in net working capital. Net income increased year on year to € 369.2 million (2023: € 314.4 million). “We have made very good progress in both operating segments and on KION level since the difficult year 2022, which was impacted by high inflation and severe supply chain disruptions. Our operational and commercial agility measures and our strategic focus on innovation, digitalization and artificial intelligence have proven to be successful, and 2024 was a strong year for us,” said Rob Smith, CEO of KION GROUP AG. “We were able to return the adjusted EBIT margin of the Industrial Trucks & Services segment to double-digits during the past two years while the margin of the Supply Chain Solutions segment has been continuously improving. With our recently launched efficiency program and the consistent implementation of our strategy we are well on track to bring KION and both operating segments to more than 10 percent adjusted EBIT margin by the end of our current strategic planning period in 2027.” The Industrial Trucks & Services segment increased revenue by 1.5 percent to € 8.609 billion (2023: € 8.480 billion), mainly driven by the service business. Revenue in the Supply Chain Solutions segment declined by 1.8 percent to € 2.943 billion (2023: € 2.997 billion) due to subdued order intake in the project business (Business Solutions) during recent quarters while the service business (Customer Services) continued to grow. The adjusted EBIT margin of Industrial Trucks & Services was 10.7 percent (2023: 10.0 percent), following an adjusted EBIT of € 917.5 million (2023: € 848.5 million). Supply Chain Solutions more than doubled the adjusted EBIT margin to 3.8 percent (2023: 1.5 percent) based on an adjusted EBIT of € 112.9 million (2023: € 44.3 million). KION shareholders will benefit from the strong financial year 2024: The Executive Board and Supervisory Board of KION GROUP AG will propose a dividend of € 0.82 (2023: € 0.70) per share for the 2024 financial year at the Annual General Meeting on May 27, 2025. This corresponds to a total dividend payout of € 107.5 million. The payout ratio amounts to around 30 percent on earnings per share of € 2.75 for the 2024 financial year and remains within the targeted payout corridor of 25 percent to 40 percent. Outlook Against the backdrop of the current volatile geopolitical and macroeconomic environment, the Executive Board expects the core key performance indicators of the KION Group and its operating segments to be within the following ranges in 2025:
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 2023. 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 2024, more than 1.9 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. € 11.5 billion in the 2024 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 (0)151 14 06 52 27 christopher.spies@kiongroup.com Further Information for Investors 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 | Facebook | WeChat | TikTok | YouTube Additional features: File: 2702_KION GROUP AG Press Release FY 2024 File: KION_0402 27.02.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group. 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: | 2092349 |
| End of News | EQS News Service |
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