Brief: Kion Group Proposes Dividend Of EUR 0.70 Per Share

Kion AG

29/02/2024 06:09

Feb 29 (Reuters) - KION GROUP AG  KGX.DE :
    * KION MORE THAN DOUBLES ADJUSTED EBIT AND MARGIN WITH
OUTSTANDING
FREE CASH FLOW
    * DIVIDEND PROPOSAL OF EUR 0.70 PER SHARE (2022: EUR 0.19)
    * OUTSTANDING FREE CASH FLOW OF EUR 715.2 MILLION (2022: EUR
-715.6 MILLION)
    * PREDICTS SLIGHT GROWTH IN MARKET FOR NEW INDUSTRIAL TRUCKS
IN
2024 BASED ON ORDER NUMBERS
    * THIS WILL BE DRIVEN MAINLY BY AN ANTICIPATED UPTURN IN
APAC AND
EMEA REGIONS, WHEREAS DEMAND IS EXPECTED TO DECREASE IN AMERICAS
REGION
    * FREE CASH FLOW IN 2024 WILL BE IN POSITIVE TERRITORY IN
LINE
WITH EXPECTED HEALTHY FINANCIAL PERFORMANCE BUT WILL BE BELOW
HIGH FCF OF PREVIOUS YEAR
    * EXPECTS GROUP'S REVENUE TO INCREASE SLIGHTLY AND ITS
ADJUSTED
EBIT TO RISE SIGNIFICANTLY COMPARED WITH 2023

Source text for Eikon:  ID:nEQ6zwTpNa 
Further company coverage:  KGX.DE 

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