2021-10-26

KION Group remains on course for success following a very strong nine-month period

In the third quarter of 2021, the KION Group maintained the positive business performance seen in the first half of the year. The Company thus remains on course for success and, against the tense situation on the procurement markets, believes that it is well positioned with the outlook for 2021. The KION Group expects order intake to be at the upper end of the target ranges.

The value of the KION Group’s order intake amounted to €8.989 billion, which was 33.9 percent higher than the figure in the prior-year period (Q1–Q3 2020: €6.715 billion). Both operating segments contributed to this sharp rise. At €5.981 billion, the Group’s order book had grown by 34.7 percent compared with the end of 2020 (December 31, 2020: €4.441 billion).

Consolidated revenue went up by 25.6 percent to €7.534 billion in the first nine months of 2021 (Q1–Q3 2020: €6.000 billion). Adjusted EBIT jumped by 89.9 percent to €691.1 million (Q1–Q3 2020: €363.8 million) on the back of the good business performance in both operating segments. The adjusted EBIT margin improved to 9.2 percent (Q1–Q3 2020: 6.1 percent) as a result. Net income for the period came to €430.8 million, which was also substantially higher than in the same period of the previous year (Q1–Q3 2020: €132.5 million). Free cash flow amounted to €134.7 million (Q1–Q3 2020: minus €114.3 million). This robust business performance was also reflected in the number of employees worldwide, which increased by 2,750 (7.6 percent) to almost 39,000 full-time equivalents in the first three quarters of this year.

The KION Group generated rapid growth in the first nine months of 2021 and more than made up for the adverse impact of coronavirus in 2020. Although there are considerable challenges in connection with the availability of materials and the increase in raw material prices this year will lead to higher material costs, we expect to achieve the ambitious targets that we have set for 2021 as a whole. We strengthened our position with a wealth of new products, equity investments in software companies, and groundbreaking technology partnerships.

Gordon Riske, CEO KION GROUP AG

This included a strategic investment of around 20 percent in ifesca GmbH , a software firm specializing in the energy industry. ifesca’s energy management platform based in artificial intelligence (AI) offers a range of solutions for predictive and resource-efficient energy management. The KION Group has also joined forces with the Fraunhofer Institute for Material Flow and Logistics to establish a joint Enterprise Lab in which the autonomous vehicle swarm known as Load Runner will be developed to market-readiness. The use of AI-based swarm technology should make it possible to achieve a higher speed and greater sorting capacity than with conventional systems.

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Q3 2021

Q3 2021

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