Brief: Kion Group H1 Adj. EBIT Up 28% At EUR 447 Mln

Kion AG

31/07/2024 06:03

July 31 (Reuters) - Kion Group AG  KGX.DE :
    * KION GROUP AG - FREE CASH FLOW WAS EUR 202.2 MILLION (H1
2023:
EUR 228.8 MILLION) IN FIRST SIX MONTHS OF 2024 
    * KION GROUP AG - OUTLOOK 2024 ADJUSTED OUTLOOK REVENUE
BETWEEN
EUR 11.3 BILLION AND 11.7 BILLION (ADDS DROPPED WORD)
    * EQS-NEWS: KION SIGNIFICANTLY INCREASES PROFITABILITY IN
THE
FIRST HALF OF 2024 DRIVEN BY IMPROVEMENTS IN BOTH OPERATING
SEGMENTS
    * KION GROUP AG - REVENUE UP BY 2 PERCENT TO EUR 5.736
BILLION (H1
2023: EUR 5.617 BILLION)
    * KION GROUP AG - ADJUSTED. EBIT IMPROVES 28 PERCENT TO EUR
447
MILLION (H1 2023: EUR 348 MILLION)
    * KION GROUP AG - OUTLOOK FOR 2024 CONFIRMED WITH NARROWED
BANDWIDTHS
    * KION GROUP AG - ADJUSTED. EBIT MARGIN OF 7.8 PERCENT (H1
2023:
6.2 PERCENT)
    * KION GROUP AG - FREE CASH FLOW OF EUR 202 MILLION (H1
2023: EUR
229 MILLION)
    * KION GROUP AG - NET INCOME IMPROVED TO EUR 181.7 MILLION
IN
FIRST HALF OF 2024 (H1 2023: EUR 146.3 MILLION)
    * KION GROUP AG - UNDILUTED EARNINGS PER SHARE OF EUR 1.35
(H1
2023: EUR 1.09)
    * KION GROUP AG - OUTLOOK 2024 ADJUSTED EBIT BETWEEN EUR 830
MILLION  AND EUR 920 MILLION

Source text for Eikon:  ID:nEQMcp8ra 
Further company coverage:  KGX.DE 

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