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    KGX   DE000KGX8881

KION GROUP AG

(KGX)
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KION : Interim report Q2 2021

07/29/2021 | 01:07am EDT

Q2

Interim report

Q2 2021

Key figures

KION Group overview

Q2

Q2

Q1 - Q2

Q1 - Q2

in € million

2021

2020

Change

2021

2020

Change

Order intake

3,255.4

2,319.3

40.4%

5,881.7

4,400.1

33.7%

Revenue

2,592.8

1,899.6

36.5%

4,967.9

3,927.3

26.5%

Order book1

5,409.0

4,441.3

21.8%

Financial performance

EBITDA

452.7

247.8

82.6%

873.9

597.1

46.4%

Adjusted EBITDA2

457.7

268.4

70.5%

879.5

619.4

42.0%

Adjusted EBITDA margin2

17.7%

14.1%

-

17.7%

15.8%

-

EBIT

221.3

17.5

> 100%

414.8

137.6

> 100%

Adjusted EBIT2

247.2

60.7

> 100%

462.2

204.8

> 100%

Adjusted EBIT margin2

9.5%

3.2%

-

9.3%

5.2%

-

Net (loss) income

154.2

-17.1

> 100%

291.2

50.6

> 100%

Basic (loss) earnings per

share

1.17

-0.13

> 100%

2.21

0.46

> 100%

Financial position1

Total assets

14,769.1

14,055.7

5.1%

Equity

4,761.0

4,270.8

11.5%

Net financial debt

717.6

880.0

-18.5%

Cash flow

Free cash flow3

39.4

2.5

> 100%

301.5

-219.6

> 100%

Capital expenditure4

65.3

49.0

33.1%

123.3

130.0

-5.2%

Employees5

37,718

36,207

4.2%

1 Figure as at Jun. 30, 2021 compared with Dec. 31, 2020 2 Adjusted for PPA items and non-recurring items

3 Free cash flow is defined as cash flow from operating activities plus cash flow from investing activities 4 Capital expenditure including capitalized development costs, excluding right-of-use assets

5 Number of employees (full-time equivalents) as at Jun. 30, 2021 compared with Dec. 31, 2020

All amounts in this interim report are disclosed in millions of euros (€ million) unless stated other- wise. Due to rounding effects, addition of the individual amounts shown may result in minor rounding differences to the totals. The percentages shown are calculated on the basis of the respective amounts, rounded to the nearest thousand euros.

This interim report is available in German and English at www.kiongroup.com. The content of the German version is authoritative.

KION GROUP AG

2

Interim report Q2 2021

Highlights Q1 - Q2 2021

KION Group delivers significantly improved results in the first half of 2021 and has raised its outlook

  • Order intake increases by a substantial 33.7 percent to €5.882 billion compared with the prior-year period
  • At €5.409 billion, the order book grows by 21.8 percent compared with the end of 2020
  • Revenue rises by 26.5 percent to €4.968 billion
  • Adjusted EBIT more than doubles to €462.2 million (H1 2020: €204.8 million)
  • Adjusted EBIT margin recovers by more than 4 percentage points to 9.3 percent
  • Net income for the period increases to €291.2 million (H1 2020: €50.6 million)
  • Free cash flow of €301.5 million (H1 2020: minus €219.6 million) strengthens the Group's financial position
  • Outlook for the financial year 2021 raised for almost all target figures

KION GROUP AG

3

Interim report Q2 2021

Contents

KION shares

5

Interim group management report

8

Fundamentals of the KION Group

8

Report on the economic position

9

Outlook, risk report, and opportunity report

29

Condensed consolidated interim financial statements

31

Consolidated income statement

31

Consolidated statement of comprehensive income

32

Consolidated statement of financial position

33

Consolidated statement of cash flows

35

Consolidated statement of changes in equity

37

Notes to the condensed

consolidated interim financial statements

39

Basis of presentation

39

Selected notes to the consolidated income statement

43

Selected notes to the consolidated statement of financial position

48

Other disclosures

53

Review report

65

Responsibility statement

66

Additional information

67

Quarterly information

67

Disclaimer

68

Financial Calendar/Contact Information

69

Publisher

70

KION GROUP AG

4

Interim report Q2 2021

KION

Interim group

Condensed consolidated

Notes to the

Additional

condensed consolidated

shares

management report

interim financial statements

information

interim financial statements

KION shares

Upward trend in the equity markets; KION shares reach all- time high

Sustained price gains were the dominant trend in the German equity markets in the first half of 2021. The prospect of a strong economic recovery and growing corporate profits as a result of further easing of the restrictions imposed to tackle the coronavirus pandemic also provided the DAX with a tailwind. The index rose by 13.2 percent in the first half of 2021, reaching a record high on June 14. The MDAX did not go up as steeply, adding 10.6 percent in the six-month period.

In this upbeat trading environment, KION shares also performed very well. Underpinned by the positive financial results for the final quarter of 2020 and first quarter of 2021, the shares rose at a faster rate than their benchmark index, the MDAX. The KION share price jumped to €89.88, which was

26.3 percent higher than at the end of 2020. On June 28, the Xetra share price reached an all-time high of €93.28. At the end of June 2021, market capitalization stood at €11.8 billion, of which €6.5 bil- lion was attributable to shares in free float.

Share price performance in the first half of 2021 compared with the DAX and MDAX

100 €

€89.88*

€71.16*

70 €

65 €

KION GROUP AG

+26.3%

MDAX

+10.6%

60 €

DAX

+13.2%

55 €

* Closing price

50 €

01/2021

03/2021

06/2021

KION GROUP AG

5

Interim report Q2 2021

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Kion Group AG published this content on 29 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2021 05:06:07 UTC.


© Publicnow 2021
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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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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 16
Last Close Price 81,76 €
Average target price 98,31 €
Spread / Average Target 20,2%
EPS Revisions
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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