Brief: Kion Group 9M Revenue At EUR 8.347 Bln

Kion AG

26/10/2023 05:58

Oct 26 (Reuters) - KION GROUP AG  KGX.DE :
    * KION GROUP DELIVERS STRONG EARNINGS AND FREE CASH FLOW IN
THE
FIRST NINE MONTHS OF 2023 AND RAISES OUTLOOK
    * REVENUE AT EUR 8.347 BILLION (Q1-Q3 2022: EUR 8.243
BILLION)
    * ADJUSTED EBIT MORE THAN DOUBLES TO EUR 571.9 MILLION
(Q1-Q3
2022: EUR 210.6 MILLION)
    * ADJUSTED EBIT MARGIN AT 6.9 PERCENT (Q1-Q3 2022: 2.6
PERCENT)
    * STRONG FREE CASH FLOW AT EUR 329.3 MILLION (Q1-Q3 2022:
MINUS
EUR 971.9 MILLION)
    * SUSTAINABILITY: MSCI INCREASES KION GROUP'S ESG RATING TO
AAA
    * 9M GROUP'S NET INCOME FOR PERIOD AMOUNTED TO EUR 228.3
MILLION,
WHICH WAS UP BY EUR 161.4 MILLION YEAR ON YEAR (Q1-Q3 2022: EUR
66.9 MILLION)
    * OUTLOOK 2023: RAISED FOR GROUP'S ADJUSTED EBIT AND FREE
CASH
FLOW
    * 2023 FULL-YEAR OUTLOOK FOR REVENUE AND ADJUSTED EBIT IN
SUPPLY
CHAIN SOLUTIONS SEGMENT HAS BEEN LOWERED
    * OUTLOOK 2023: REVENUE MINIMUM EUR 11.2 BILLION
    * OUTLOOK 2023: ADJUSTED EBIT MINIMUM EUR 780 MILLION
    * OUTLOOK 2023:  ROCE MINIMUM 7.0%

Source text for Eikon:  ID:nEQ9Q0dN3a 
Further company coverage:  KGX.DE 

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