Keywords: Preliminary results, quarterly results
KION GROUP AG
Thea-Rasche-Straße 8
60549 Frankfurt am Main
ISIN DE000KGX8881
Consolidated earnings of the KION Group and adjusted EBIT of the SCS segment in the fourth quarter of 2023 and in the 2023 financial year below market expectations; Free cash flow of the KION Group for the 2023 financial year exceeds market expectations
Frankfurt/Main, 15. February 2024
The preliminary and unaudited results for the fourth quarter of 2023 and the 2023 financial year of the KION Group show that the consolidated result* was EUR 83 million (consensus**: EUR 118 million) in the fourth quarter of 2023 and EUR 306 million (consensus : EUR 341 million) in the 2023 financial year is expected to be below market expectations. This is primarily due to higher one-off and special effects as well as higher financial expenses in the fourth quarter of 2023. The dividend proposal is expected to be in line with market expectations.
The EBIT adjusted for the SCS segment is EUR 14 million (consensus: EUR 18 million) in the fourth quarter of 2023 and EUR 44 million (consensus: EUR 49 million; forecast: at least EUR 55 million) in the financial year 2023 below market expectations. The deviation from the forecast results from a one-off effect of completing a customer project.
At EUR 715 million (consensus: EUR 668 million; forecast: at least EUR 660 million), the free cash flow for the 2023 financial year is above market expectations.
The KION Group’s other key figures for the fourth quarter of 2023 and the 2023 financial year are expected to be within the forecast or market expectations and will be published on February 29, 2024.
All figures provided are preliminary and unaudited. Explanations of the financial indicators used can be found in the 2022 annual report of KION GROUP AG (https://www.kiongroup.com/de/Investor-Relations/Veröffentlichungen/), especially on p. 75 ff.
*The consolidated result is the consolidated result attributable to the shareholders of KION GROUP AG. **Vara Research consensus as of February 14, 2024 (https://www.kiongroup.com/de/Investor-Relations/Aktie/).
Further information for investors:
Sebastian Ubert
Vice President Investor Relations
Phone +49 (0)69 201 107 329
[email protected]
Raj Junginger
Senior Manager Investor Relations
Phone +49 (0)69 201 107 942
[email protected]
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February 15, 2024 CET/CEST The EQS distribution services include legal reporting requirements, corporate news/financial news and press releases.
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Language: German Company: KION GROUP AG Thea-Rasche-Straße 8 60549 Frankfurt/Main Germany Telephone: +49 69 20110-0 Email: [email protected] Internet: www.kiongroup.com ISIN: DE000KGX8881 WKN: KGX888 Indices : MDAX stock exchanges: Regulated market in Frankfurt (Prime Standard); Open market in Berlin, Düsseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1838315
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1838315 15.02.2024 CET/CEST