Authorization

DGAP-News: KION GROUP AG: KION Group starts 2019 with a strong first quarter

DGAP-News: KION GROUP AG / Key word(s): Quarter Results/Quarterly / Interim Statement


KION GROUP AG: KION Group starts 2019 with a strong first quarter (news with additional features)


25.04.2019 / 06:59



The issuer is solely responsible for the content of this announcement.


KION Group starts 2019 with a strong first quarter

 



Total value of order intake amounts to EUR2.118 billion, maintaining a very strong growth rate at 12.4 percent 




Order book expands slightly, from EUR3.3 billion at the end of 2018 to EUR3.4 billion




Revenue increases by a substantial 13.0 percent to EUR2.083 billion




Adjusted EBIT goes up by 15.5 percent to EUR182.4 million




Adjusted EBIT margin improves from 8.6 percent to 8.8 percent




Net income for the period grows by 36.1 percent to EUR93.1 million




Healthy free cash flow of EUR82.0 million underlines the good operating performance




Outlook for 2019 confirmed

 


Frankfurt/Main, April 25, 2019 - A leading company in its industry, the KION Group has made a strong start to 2019 and maintained its path of profitable growth despite challenging market conditions. Order intake grew at the very strong rate of 12.4 percent to reach EUR2.118 billion (Q1 2018: EUR1.885 billion). This increase was primarily due to the particularly strong order intake of the Supply Chain Solutions segment (SCS). There were also small positive currency effects of EUR24.6 million, primarily relating to the US dollar. The order book continued to expand, amounting to EUR3.375 billion at the end of March compared with EUR3.301 billion at the end of 2018. The market for material handling solutions remains intact, driven predominantly by the global growth of e-commerce.

Consolidated revenue rose significantly to EUR2.083 billion. This increase of 13.0 percent was attributable to the two operating segments, Industrial Trucks & Services (IT&S) and Supply Chain Solutions, in equal measure. There were positive currency effects, again primarily relating to the US dollar, of EUR24.8 million. The KION Group's adjusted EBIT went up by a very substantial 15.5 percent to EUR182.4 million (Q1 2018: EUR157.9 million). As a result, the adjusted EBIT margin improved from 8.6 percent to 8.8 percent.

Net income for the period jumped by 36.1 percent to EUR93.1 million on the back of the Group's strong operating performance in the first three months of the year. There was also an increase in free cash flow, which amounted to EUR82.0 million compared with EUR12.7 million in the first quarter of last year.
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Июль 2020    »
ПнВтСрЧтПтСбВс
 12345
6789101112
13141516171819
20212223242526
2728293031