Kion Group slips after Q1 orders miss
25/04/2024 09:42
** Shares in Kion Group KGX.DE fall 4.6% after the
company's quarterly order intake missed analysts' expectations
** The German truck and industrial supplier recorded an
order intake of 2.4 billion euros ($2.57 billion), 14% down from
last quoter and 7% below consensus
** "The stock has outperformed YTD and we could see some
profit-taking today as the miss on orders and weaker mix doesn’t
bode well for H2 performance," J.P.Morgan says
($1 = 0.9327 euros)
(Eva Orsolya Papp)
((evaorsolya.papp@thomsonreuters.com))