Brief: Kion Group Adjusts FY Outlook As Q3 Results Came Above Expectations

Kion AG

13/10/2023 15:29

Oct 13 (Reuters) - Kion Group AG  KGX.DE :
    * ADJUSTED EBIT IN THE THIRD QUARTER OF 2023 SIGNIFICANTLY
BETTER
THAN EXPECTED AT GROUP LEVEL DUE TO ITS SEGMENT; FULL YEAR 2023
OUTLOOK ADJUSTED
    * EXPECTS ADJUSTED EBIT TO BE APPROXIMATELY EUR 224 MILLION
(PREVIOUS YEAR: -EUR 101.1 MILLION) AT GROUP LEVEL
    * EXPECTS REVENUE AT GROUP LEVEL FOR Q3 OF 2023 TO BE
APPROXIMATELY EUR 2.730 BILLION (Q3 2022: EUR 2.706 BILLION)
    * NOW EXPECTS FY REVENUE AT MINIMUM EUR 11.2 BILLION (VERSUS
EUR
11.4 BILLION BEFORE)
    * NOW EXPECTS FY ADJUSTED EBIT AT MINIMUM EUR 780 MILLION
(VERSUS
EUR 680 MILLION BEFORE)

Source text for Eikon:  ID:nEQ1mPF4qa 
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