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KION GROUP AG
Earnings Release • Oct 20, 2020
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Ad-hoc | 20 October 2020 11:38
KION Group quantifies its outlook for 2020
KION GROUP AG / Key word(s): Forecast
KION Group quantifies its outlook for 2020
20-Oct-2020 / 11:38 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Disclosure of inside information pursuant to article 17 of Regulation (EU) No. 596/2014
KION Group quantifies its outlook for 2020
Frankfurt/Main, 20 October 2020
The Executive Board of KION GROUP AG decided today to quantify the outlook for 2020. It currently anticipates that the key performance indicators for 2020 of the KION GROUP AG as a whole and of the Industrial Trucks & Services segment and the Supply Chain Solutions segment will be in the following ranges:
| Outlook 2020 from |
Outlook 2020 to |
Act FY 2019 | |
| KION Group | |||
| Order intake: | €8,900 million | €9,600 million | €9,112 million |
| Revenue: | €7,850 million | €8,450 million | €8,807 million |
| Adjusted EBIT: | €465 million | €545 million | €851 million |
| Free Cashflow: | €50 million | €150 million | €568 million |
| ROCE: | 5.2 % | 6.2 % | 9.7 % |
| Outlook 2020 from |
Outlook 2020 to |
Act FY 2019 | |
| Segment Industrial Trucks & Services (*) | |||
| Order intake: | €5,500 million | €5,800 million | €6,330 million |
| Revenue: | €5,450 million | €5,750 million | €6,410 million |
| Adjusted EBIT: | €265 million | €305 million | €695 million |
| Outlook 2020 from |
Outlook 2020 to |
Act FY 2019 | |
| Segment Supply Chain Solutions (*) | |||
| Order intake: | €3,400 million | €3,800 million | €2,771 million |
| Revenue: | €2,400 million | €2,700 million | €2,379 million |
| Adjusted EBIT: | €235 million | €275 million | €228 million |
(*) The figures for the Industrial Trucks & Services and Supply Chain Solutions segments also include intragroup, cross-segment order intake, revenue and EBIT effects.
In view of the risks arising from the further course of the coronavirus pandemic, the assessment of the Group’s business performance over the remainder of this year is still very uncertain. A further economic downturn in key sales markets would lead to KION Group’s performance and financial results differing significantly from those in the outlook.
Explanations and reconciliations of key financial figures used can be found in KION GROUP AG’s 2019 annual report (available at:
https://www.kiongroup.com/en/Investor-Relations/Publications/ ) especially on pages 57 et. seq., 69 et. seq., and 80.
Further information for investors
Antje Kelbert
Senior Manager Investor Relations
Tel: +49 (0)69 201 107 346
Dana Unger
Senior Manager Investor Relations
Tel: +49 (0)69 201 107 371
20-Oct-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | KION GROUP AG |
| Thea-Rasche-Straße 8 | |
| 60549 Frankfurt/Main | |
| Germany | |
| Phone: | +49 69 20110-0 |
| E-mail: | [email protected] |
| 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: | 1141878 |
| End of Announcement | DGAP News Service |