German forklift maker Kion lowers 2026 revenue outlook on weak order intake

Kion AG

14/10/2026 09:48

Overview
Germany's industrial trucks and automation firm cuts 2026 outlook and delayed mid-term targets beyond 2027 due to weak order intake
IAS segment revenue expected to be approximately € 890 million
Expects to reach double-digit EBIT margin targets later than 2027

Outlook
KION cuts 2026 revenue outlook to €11.45–11.75 bln from €11.525–12.025 bln
KION lowers 2026 adj EBIT outlook to €815–875 mln from €880–980 mln
Company now expects to reach double-digit EBIT margin targets later than 2027

Result Drivers
WEAK ORDER INTAKE - Co said lower-than-expected order intake in ITS segment drove reduced outlook and delayed targets
IAS STABILITY - IAS segment revenue expected to be approximately € 890 million and adjusted EBIT to be approximately € 66 million

Company press release: ID:nEQ6m8BDba

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
EUR 2.84 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the heavy machinery & vehicles peer group is "buy"
Wall Street's median 12-month price target for Kion Group AG is €51.00, about 48.7% above its October 13 closing price of €34.30
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)