The KION Group Increases Its Dividend and Implements Its Strategy

The KION Group has announced a significant increase in its dividend payout as part of its strategic plan. During the Annual General Meeting held at Palmengarten in Frankfurt, the company reviewed its strong financial performance in 2023 and outlined future ambitions centered on digitalization, automation, sustainability, and urbanization.

CEO Rob Smith emphasized KION’s focus on innovation, citing a project involving the creation of a digital twin for a production environment. Collaboration with partners like Google aims to enhance real-time localization within warehouses.

The meeting saw around 140 shareholders, representing over 84% of the share capital, approve the proposed dividend of €0.70 per share, a significant increase from the previous year's €0.19. A revised Executive Board remuneration system also received strong shareholder approval, indicating broad support for KION's strategic initiatives.