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    KGX   DE000KGX8881

KION GROUP AG

(KGX)
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DGAP-Adhoc : KION GROUP AG: KION Group raises outlook for fiscal year 2021

07/26/2021 | 02:08pm EDT
DGAP-Ad-hoc: KION GROUP AG / Key word(s): Change in Forecast 
KION GROUP AG: KION Group raises outlook for fiscal year 2021 
26-Jul-2021 / 20:06 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 AG 
Thea-Rasche-Straße 8 
60549 Frankfurt am Main 
ISIN DE000KGX8881 
 
KION Group raises outlook for fiscal year 2021 
Frankfurt/Main, 26 July 2021 
In the first half of 2021, the results achieved by the KION Group in all key performance indicators were significantly 
better than in its original forecast. For this reason, in conjunction with the current positive projections for global 
economic growth over the year as a whole, in particular, the fact that the KION Group's upturn in revenue looks set to 
continue for the remainder of the year, the Executive Board of KION GROUP AG today decided to raise the target figures 
for 2021 that it published in its 2020 outlook on 2 Mach 2021. The only exceptions here are the Group's free cash flow 
as well as order intake in the Supply Chain Solutions (SCS) segment, where the target ranges remain unchanged. 
On the basis of the preliminary figures for the second quarter of 2021 and an updated financial planning for the entire 
fiscal year 2021, the Executive Board expects the KION Group as a whole and its segments Industrial Trucks & Services 
(ITS) and Supply Chain Solutions (SCS) to achieve their key performance indicators in the following ranges in the 
fiscal year 2021: 
                                                   Adjusted Outlook     Previous Outlook 
                                               for fiscal year 2021 for fiscal year 2021 
                                                     (in EUR million)       (in EUR million) 
 
KION Group 
Order intake                                        10,650 - 11,450       9,700 - 10,400 
Revenue                                              9,700 - 10,300        9,150 - 9,750 
Adjusted EBIT                                             810 - 890            720 - 800 
Free cash flow                                            450 - 550            450 - 550 
ROCE                                                   9.0% - 10.0%          8.2% - 9.2% 
 
Segment Industrial Trucks & Services (ITS) (*) 
Order intake                                          6,850 - 7,250        5,900 - 6,200 
Revenue                                               6,250 - 6,550        5,900 - 6,200 
Adjusted EBIT                                             525 - 565            445 - 485 
 
Segment Supply Chain Solutions (SCS) (*) 
Order intake                                          3,800 - 4,200        3,800 - 4,200 
Revenue                                               3,450 - 3,750        3,250 - 3,550 
Adjusted EBIT                                             385 - 425            360 - 400 

(*) The figures for the segments Industrial Trucks & Services (ITS) and Supply Chain Solutions (SCS) also include intragroup, cross-segment order intake, revenue and EBIT effects.

In view of the unpredictability of the further course of the Corona pandemic and the risks in the development of end markets and raw material prices, as well as with regard to the availability of intermediate products, there are still considerable uncertainties in the assessment of the Group's business performance for the remainder of the fiscal year 2021. The adjustments to the guidance for the fiscal year 2021 are based on the assumption that there will be no more far-reaching lockdown measures or plant closures in the course of the year, and that the availability of intermediate products will not tighten further. An economic downturn in key sales markets and/or a worsening of procurement risks could cause the KION Group's performance and financial results to deviate in such case significantly from the outlook.

All statements contained in this release are based on projecting our preliminary first half year 2021 financial results into the future (at group level, preliminary revenue amounts to around EUR 4.97 billion and preliminary EBIT adjusted to EUR 462 million). Final financial results of the first half year 2021 will be published in the interim report as of 30 June 2021 on 29 July 2021.

Explanations and reconciliations of key financial figures used can be found in the KION GROUP AG's Annual Report 2020 (available at https://www.kiongroup.com/en/Investor-Relations/Publications/), especially on pages 56 et. seq., 71 et. seq. and 85.

Contact for investors: 
Sebastian Ubert 
Vice President Investor Relations 
Phone +49 (0)69 201 107 329 
sebastian.ubert@kiongroup.com 
Antje Kelbert 
Senior Manager Investor Relations 
Phone +49 (0)69 201 107 346 
antje.kelbert@kiongroup.com 
Dana Unger 
Senior Manager Investor Relations 
Phone +49 (0)69 201 107 371 
dana.unger@kiongroup.com ----------------------------------------------------------------------------------------------------------------------- 

26-Jul-2021 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:       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:  1221769 
 
End of Announcement  DGAP News Service 
=------------ 

1221769 26-Jul-2021 CET/CEST

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1221769&application_name=news 
 

(END) Dow Jones Newswires

July 26, 2021 14:07 ET (18:07 GMT)

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Financials
Sales 2021 9 996 M 11 721 M 11 721 M
Net income 2021 503 M 590 M 590 M
Net Debt 2021 914 M 1 072 M 1 072 M
P/E ratio 2021 21,4x
Yield 2021 1,36%
Capitalization 10 718 M 12 581 M 12 566 M
EV / Sales 2021 1,16x
EV / Sales 2022 1,06x
Nbr of Employees 37 718
Free-Float 54,7%
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Number of Analysts 16
Last Close Price 81,76 €
Average target price 98,31 €
Spread / Average Target 20,2%
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Managers and Directors
Gordon Riske Chief Executive Officer
Anke Groth Chief Financial Officer & Labour Director
Michael Macht Chairman-Supervisory Board
Henry Puhl Chief Technology Officer
Hans-Peter Ring Member-Supervisory Board
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