Brief: Kion Says Q4 Net Income Below Consensus

Kion AG

15/02/2024 13:34

Feb 15 (Reuters) - Kion Group AG  KGX.DE :
    * NET INCOME OF KION GROUP AND ADJUSTED. EBIT FOR SCS
SEGMENT IN
Q4 2023 AND IN FY 2023 BELOW MARKET EXPECTATIONS; FREE CASH FLOW
OF KION GROUP FOR FY 2023 EXCEEDS MARKET EXPECTATIONS
    * FREE CASH FLOW FOR FINANCIAL YEAR 2023 IS ABOVE MARKET
EXPECTATIONS AT EUR 715 MILLION (CONSENSUS: EUR 668 MILLION;
OUTLOOK: MIN. EUR 660 MILLION)
    * DIVIDEND PROPOSAL IS EXPECTED TO BE IN LINE WITH MARKET
EXPECTATIONS.
    * Q4 NET INCOME* OF EUR 83 MILLION (CONSENSUS**: EUR 118
MILLION)
    * ALL FIGURES PROVIDED ARE PRELIMINARY AND UNAUDITED
    * ADJUSTED EBIT FOR SCS SEGMENT OF EUR 14 MILLION IN Q4 OF
2023
AND EUR 44 MILLION FOR FINANCIAL YEAR 2023 IS BELOW MARKET
EXPECTATIONS
    * DEVIATION FROM OUTLOOK RESULTS FROM A ONE-OFF IMPACT TO
COMPLETE
ONE CUSTOMER PROJECT.
    * FREE CASH FLOW FOR FINANCIAL YEAR 2023 IS ABOVE MARKET
EXPECTATIONS AT EUR 715 MILLION
    * NET INCOME OF EUR 306 MILLION (CONSENSUS: EUR 341 MILLION)
IN
FINANCIAL YEAR 2023

Source text for Eikon:  ID:nEQ1rZVzja 
Further company coverage:  KGX.DE 

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