KION GROUP AG
KION GROUP AG
- EUR (-)
- Temps différé 15min - Actions Allemagne
Ouverture: -
Variation: -
Volume: -
+ Bas: -
+ Haut: -
Ecart + Bas / + Haut: -
Type: Actions
Ticker: KGX
ISIN: DE000KGX8881

EQS-Adhoc: Net income of the KION Group and adj. EBIT for the SCS segment in Q4 2023 and in the FY 2023 below market expectations; free cash flow of the KION Group for the FY 2023 exceeds market expectations

  • 77

EQS-Ad-hoc: KION GROUP AG / Key word(s): Preliminary Results/Quarter Results
Net income of the KION Group and adj. EBIT for the SCS segment in Q4 2023 and in the FY 2023 below market expectations; free cash flow of the KION Group for the FY 2023 exceeds market expectations

15-Feb-2024 / 14:30 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - 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

Keywords: Preliminary Results, Quarter Results

KION GROUP AG
Thea-Rasche-Straße 8
60549 Frankfurt am Main
ISIN DE000KGX8881

Net income of the KION Group and adjusted EBIT for the SCS segment in the fourth quarter of 2023 and in the financial year 2023 below market expectations; free cash flow of the KION Group for the financial year 2023 exceeds market expectations

Frankfurt/Main, February 15, 2024

The KION Group's preliminary and unaudited results for the fourth quarter of 2023 and the financial year 2023 show that net income* of EUR 83 million (consensus**: EUR 118 million) in the fourth quarter of 2023 and of EUR 306 million (consensus: EUR 341 million) in the financial year 2023 is expected to be below market expectations. This is primarily due to higher non-recurring items 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 adjusted EBIT for the SCS segment of EUR 14 million (consensus: EUR 18 million) in the fourth quarter of 2023 and EUR 44 million (consensus: EUR 49 million; outlook: min. EUR 55 million) for the financial year 2023 is below market expectations. The deviation from the outlook results from a one-off impact to complete one customer project.

The free cash flow for the financial year 2023 is above market expectations at EUR 715 million (consensus: EUR 668 million; outlook: min. EUR 660 million).

The KION Group's other key financials for the fourth quarter of 2023 and the financial year 2023 are expected to be in line with the outlook and market expectations and will be published on February 29, 2024.

All figures provided are preliminary and unaudited. Explanations of the key financial figures used can be found in the Annual Report 2022 of KION GROUP AG (https://www.kiongroup.com/en/Investor-Relations/Publications/), especially on p. 75 ff.

*The net income is the net income attributable to the shareholders of KION GROUP AG. **Consensus from Vara Research as of February 14, 2024 (https://www.kiongroup.com/en/Investor-Relations/Share/).

Contact for investors

Sebastian Ubert
Vice President Investor Relations
Phone +49 (0)69 201 107 329
[email protected]

Raj Junginger
Senior Manager Investor Relations
Telephone +49 (0)69 201 107 942
[email protected]



End of Inside Information

15-Feb-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: KION GROUP AG
Thea-Rasche-Straße 8
60549 Frankfurt/Main
Germany
Phone: +49 69 20110-0
E-mail: [email protected]
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: 1838315

 
End of Announcement EQS News Service

1838315  15-Feb-2024 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1838315&application_name=news&site_id=centralchart
EQS Group
EQS Group

EQS Group est un leader mondial de solutions digitales pour la communication financière et corporate et la compliance. Plus de 8 000 sociétés dans le monde font confiance aux services d’EQS Group pour s’adresser de façon efficace et sécurisée à une audience nationale et internationale de partenaires et pour se conformer aux directives et obligations réglementaires.