PRESS RELEASE : KION Group raises its outlook for -2-

provisional adjusted EBIT margin recovered to around 8.9 percent (H1 2020: 4.2 percent). 
Provisional order intake in the Supply Chain Solutions (SCS) segment exceeded the already high figure reported in the 
prior-year period, improving by 7.2 percent to around EUR1.87 billion in the first half of 2021 (H1 2020: EUR1.744 
billion). The project business (business solutions) benefited from the continued strength of e-commerce and a sharp 
rise in project orders from the food and textile sectors. The service business also registered a sharp increase. 
Currency effects reduced order intake by just over EUR74 million overall. Based on provisional figures, the total revenue 
of the Supply Chain Solutions (SCS) segment surged by over 52 percent to EUR1.86 billion (H1 2020: EUR1.216 billion), 
primarily as a result of working through the project orders received in 2020 plus a consistently high level of capacity 
utilization. The increase in revenue was largely attributable to the long-term project business (business solutions), 
in which revenue went up by nearly 70 percent. Having seen a slight decrease in revenue in the first quarter, the 
service business (customer services) generated a year-on-year rise in revenue of 7.2 percent in the first half of 2021. 
The proportion of the segment's external revenue accounted for by the service business amounted to just over 19 percent 
(H1 2020: 27.6 percent). Currency effects reduced segment revenue by around EUR100 million overall. The provisional 
adjusted EBIT of the Supply Chain Solutions (SCS) segment for the first six months of 2021 amounted to EUR227 million, 
which was more than double the figure for the first half of 2020 of EUR112.1 million. The disproportionately strong 
growth in the project business (business solutions) made a bigger contribution to gross profit than the high-margin 
service business. The provisional adjusted EBIT margin improved to 12.2 percent overall (H1 2020: 9.2 percent). 
Outlook 
In its most recently available Global Economic Prospects report published at the midway point of the year, the World 
Bank predicts that global economic output will grow by 5.6 percent across 2021 as a whole after having contracted by 
3.5 percent in 2020. This is a further 1.5 percentage points higher than its original forecast in January 2021. It also 
anticipates a sharp year-on-year rise of 8.3 percent in the volume of global trade. 
According to the World Bank, the factors driving global growth include a strong recovery in the US economy as a result 
of the government's fiscal stimulus package, reflected in its US growth projection of 6.8 percent for 2021 as a whole. 
China is perceived as another engine of growth and is forecast to see expansion of 8.5 percent. The expectation is that 
the European economy will also grow, by 4.2 percent, thanks to rising vaccination rates and the extensive easing of 
coronavirus restrictions in many countries. 
The KION Group believes that forecasts remain inherently uncertain as the future course of the coronavirus pandemic is 
impossible to predict. An unchecked surge in infections could result in a swift return to local or national lockdown 
measures and disrupt or even reverse the current recovery. 
Expected business situation and financial performance of the KION Group 
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 Group is raising the target figures for 2021 that it published in its 2020 
outlook. 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. 
The order intake of the KION Group is expected to be between EUR10,650 million and EUR11,450 million. The target figure for 
consolidated revenue is in the range of EUR9,700 million to EUR10,300 million. The target range for adjusted EBIT is EUR810 
million to EUR890 million. Free cash flow is still expected to be in a range between EUR450 million and EUR550 million. The 
target figure for ROCE is in the range of 9.0 percent to 10.0 percent. 
Order intake in the Industrial Trucks & Services (ITS) segment is expected to be between EUR6,850 million and EUR7,250 
million. The target figure for revenue is in the range of EUR6,250 million to EUR6,550 million. The target range for 
adjusted EBIT is EUR525 million to EUR565 million. 
The expected volume of order intake in the Supply Chain Solutions (SCS) segment remains unchanged at between EUR3,800 
million and EUR4,200 million. The target figure for revenue is in the range of EUR3,450 million to EUR3,750 million. The 
target range for adjusted EBIT is EUR385 million to EUR425 million. 
                        Adjusted                      Previous 
                         outlook                       outlook 
                           for             for 2021 as a whole (EUR million) 
               2021 as a whole (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% 
Industrial Trucks & Services segment 
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 
Supply Chain Solutions segment 
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 

Notwithstanding the raising of the target figures, there is still uncertainty in the economic environment. The KION Group continues to see risks, particularly in relation to changes in sales markets and commodity prices and in the availability of intermediate products. Final financial results of the second quarter 2021 to be published in the interim report as of 30 June 2020 will be released on 29 July 2021.

The Company

The KION Group is among the world's leading suppliers of industrial trucks and supply chain solutions. Its portfolio encompasses industrial trucks, such as forklift trucks and warehouse trucks, as well as integrated automation technology and software solutions for the optimization of supply chains, including all related services. Across more than 100 countries worldwide, the KION Group's solutions improve the flow of material and information within factories, warehouses, and distribution centers.

The Group, which is included in the MDAX, is the largest manufacturer of industrial trucks in Europe in terms of units sold in 2020. In China, it is the leading foreign manufacturer (as measured by revenue in 2020) and number three overall. The KION Group is also one of the world's leading providers of warehouse automation (as measured by revenue in 2019).

At the end of 2020, more than 1.6 million of the KION Group's industrial trucks and over 6,000 of its installed systems were in use by customers of various sizes and in numerous industries on six continents. The Group currently has in excess of 36,000 employees and generated revenue of EUR8.3 billion in 2020.

Current KION Group images can be found in our image database at https://mediacenter.kiongroup.com/categories and on the websites of our various brands.

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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 materially from those described in these forward-looking statements due to certain factors, e.g. changes in business, economic and competitive conditions (including with respect to further developments in relation to the COVID-19 pandemic), regulatory reforms, results of technical studies, foreign exchange rate fluctuations, uncertainties in litigation or investigative proceedings, and the availability of financing. We do not undertake any responsibility to update the forward-looking statements in this release.

Further information for the media Michael Hauger Senior Vice President Corporate Communications Tel: [phone] Mobile: [phone] [e-mail] Frank Grodzki Senior Director External Communications & Group Newsroom Tel: [phone] Mobile: [phone] [e-mail]

Further information for investors Sebastian Ubert Vice President Investor Relations Tel: [phone] [e-mail]

Antje Kelbert Senior Manager Investor Relations Tel: [phone] [e-mail] Dana Unger Senior Manager Investor Relations Tel: [phone] [e-mail] ----------------------------------------------------------------------------------------------------------------------- Additional features: Picture: https://eqs-cockpit.com/c/fncls.ssp?u=58b8ef2734936ce427b969b5fda3d168 Subtitle: KION Group Headquarter / Frankfurt am Main File: KION GROUP_Press Release_HY1 2021 -----------------------------------------------------------------------------------------------------------------------

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July 26, 2021 14:09 ET (18:09 GMT)