DGAP-Ad-hoc: 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.
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:
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
Kion Group AG is a Germany-based supplier of industrial trucks, related services and supply chain solutions. The activities of the Company are divided into three segments: Industrial Trucks and Services, Supply Chain Solutions and Corporate Services. The Industrial Trucks and Services segment comprises forklift trucks, warehouse technology, counterbalance trucks, towing vehicles, as well as automated trucks and autonomous trucks. It operates through three international brands: Linde, STILL and Baoli, as well as through three regional brands: Fenwick (France), OM STILL (Italy) and OM Voltas (India). The Supply Chain Solutions segment offers integrated technology and software solutions, picking equipment, automated storage and retrieval systems, sorters, and conveyors, marketed under the Dematic brand. The Company is active in more than 100 countries across the world.