on KION GROUP AG (isin : noisin865856)
KION Group Announces Strong 2024 Financial Results and Efficiency Program
KION Group AG reported a robust financial year in 2024, with preliminary results indicating a significant rise in profitability. Revenue slightly increased to €11.5 billion, while adjusted EBIT soared to €917 million, improving the margin from 6.9% to 8.0%. Free cash flow was reported at €702 million. In response to evolving economic challenges, KION's Executive Board has initiated an efficiency program aimed at securing investment headroom and enhancing market resilience.
The program seeks to address macroeconomic pressures, particularly in Europe, where competition from Chinese firms is intensifying. Structural measures will focus on optimizing operations, which may influence personnel adjustments. KION targets sustainable annual cost savings of €140-160 million by 2026, with implementation costs estimated at €240-260 million.
Looking ahead, KION continues to lead innovation in collaboration with NVIDIA, envisioning future-ready warehouse solutions.
R. P.
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