KION Group making very good progress with the integration of Dematic - AGM in Frankfurt

2017-05-11 / 13:17:41

  • Dividend set at EUR0.80 per share
  • All proposals from Supervisory Board and Executive Board approved with large majority
  • CEO Gordon Riske: "Integrating Dematic is our priority for 2017"

Wiesbaden/Frankfurt, May 11, 2017 - Half a year after the acquisition of Dematic, the KION Group sees itself fully on track with integrating the automation and supply chain optimization specialist. "Integrating Dematic as rapidly as possible is our priority for 2017," said the Chief Executive Officer of the KION Group, Gordon Riske, at the Group's Annual General Meeting held in Frankfurt on Thursday. "We are making very good progress with this." The integration of Dematic, he added, has helped the KION Group to adapt even more effectively to the new market requirements, which are primarily focused on the seamless interconnectivity of processes along the supply chain.

Shareholders approved the Supervisory Board and Executive Board's proposals with a large majority, including a dividend of EUR0.80 per share. This is the highest dividend that the KION Group has ever paid. The Annual General Meeting also voted to create new authorized and conditional capital of up to EUR10,870,000.00 or 10 percent of the share capital. The Executive Board was thus authorized, subject to the consent of the Supervisory Board, to issue additional shares on this basis up to and including May 10, 2022. Shareholders also approved the re-election of all shareholder representatives on the Supervisory Board and approved adjustments to the remuneration for members of the Supervisory Board and the Executive Board. The approximately 120 shareholders at the Annual General Meeting represented around 82.2 percent of the share capital.

In his speech, CEO Riske emphasized the opportunities opened up by the purchase of Dematic, which was completed in November. "By acquiring Dematic, KION GROUP AG has taken another important step toward the future," he said. "Forklift trucks, warehouse technology, and related services will remain the backbone of our business. But we also know the direction in which our industry is heading. E-commerce is booming. This calls for warehouse solutions that are increasingly automated, use digital technologies, and are tailored to customers' specific requirements," the CEO explained at KION's fourth A G M. "Thanks to Dematic, we are now operating from a broader base and with greater capabilities than ever before."

Positive outlook for 2017

"We expect that we will build on our successful performance last year," said Riske, commenting on the business prospects for 2017. "We are looking to further increase order intake and revenue. What's more, our adjusted EBIT is expected to grow at a stronger rate than revenue." He reiterated the statement made at the end of April, when the results for the first quarter of 2017 were presented, that the Group was adhering to its forecast for the year.


Twitter: @kion_group

The Company

The KION Group is a global leader in industrial trucks, related services, and supply chain solutions. Across more than 100 countries worldwide, the KION Group designs, builds and supports logistics solutions that optimize material and information flow within factories, warehouses and distribution centers. The company is the largest manufacturer of industrial trucks in Europe, the second-largest producer of forklifts globally, and a leading provider of warehouse automation.

The KION Group's world-renowned brands are clear industry leaders. Dematic, the newest addition to the KION Group, is a global leader in automated material handling providing a comprehensive range of intelligent supply chain and automation solutions. Egemin Automation is a leading logistics automation specialist with a particular strength in AGVs. The Linde and STILL brands serve the premium industrial truck segment. Baoli focuses on industrial trucks in the economy segment. Among its regional industrial truck brands, Fenwick is the largest supplier of material handling products in France, OM STILL is a market leader in Italy, and Voltas is a leading provider of industrial trucks in India.

With a global installed base of more than 1.2 million industrial trucks and over 6,000 installed systems, KION Group's customer base includes companies in all industries and of all sizes on six continents. The KION Group has more than 30,000 employees and generated revenue of around EUR5.8 billion in 2016.


This document and the information contained herein are for information purposes only and do not constitute a prospectus or an offer to sell or a solicitation of an offer to buy any securities in the United States or in any other jurisdiction.

This release contains forward-looking statements that are subject to various risks and uncertainties. Future results could differ materially from those described in these forward-looking statements due to certain factors, e.g. changes in business, economic and competitive conditions, regulatory reforms, results of technical studies, foreign exchange rate fluctuations, uncertainties in litigation or investigative proceedings, and the availability of financing. We do not undertake any responsibility to update the forward-looking statements in this release.

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