Oct 23 (Reuters) - KION GROUP AG KGX.DE:
ADJUSTS FREE CASH FLOW FORECAST FOR 2025 DUE TO LOWER ONE-TIME EXPENSES FOR EFFICIENCY PROGRAM; COST SAVINGS EXPECTED TO REMAIN NEARLY UNCHANGED
INCREASE FREE CASH FLOW OUTLOOK FOR 2025 FINANCIAL YEAR TO EUR 600 TO 700 MILLION (PREVIOUSLY: EUR 400 TO 550 MILLION)
COST SAVINGS EXPECTED TO REMAIN NEARLY UNCHANGED AT EUR 140-150 MILLION
ONE-TIME EXPENSES FOR EFFICIENCY PROGRAM TO DECREASE TO EUR 170-190 MILLION
SIGNIFICANT PORTION OF THESE ONE-TIME EXPENSES IS EXPECTED TO BECOME CASH-EFFECTIVE ONLY IN Q1 OF 2026
Source text: ID:nEQ2FgMGpa
Further company coverage: KGX.DE
(Gdansk Newsroom)
((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))