2021-04-28

KION Group with strong start into 2021

KION GROUP AG has continued on its path of recovery from the previous quarter and made a strong start into 2021. The Company has thus laid a solid foundation for the current year and confirms its outlook for 2021 despite the unchanged risks in relation to changes in customer endmarkets, rising commodity prices, and difficult supply situation for some key products and components.

The KION Group’s order intake amounted to €2.626 billion, which was 26.2 percent higher than the figure in the prior-year period (Q1 2020: €2.081 billion). This growth was attributable to both operating segments. At €4.787 billion, the Group’s order book was up by 7.8 percent compared with the end of 2020 (December 31, 2020: €4.441 billion), mainly due to the increase in orders on hand in the Industrial Trucks & Services segment.

Consolidated revenue went up by 17.1 percent to €2.375 billion in the first three months of 2021 (Q1 2020: €2.028 billion). Adjusted EBIT jumped by 49.2 percent to €215.0 million (Q1 2020: €144.0 million) on the back of the good business performance in both operating segments. The adjusted EBIT margin improved to 9.1 percent (Q1 2020: 7.1 percent) as a result. Net income for the period came to €137.0 million, which was also substantially higher than in the same period of the previous year (Q1 2020: €67.8 million).

“Our KION 2027 strategy, our resilient financial position, and our flexibility in capitalizing on market potential are paying off,” says Gordon Riske, Chief Executive Officer of KION GROUP AG. “With our new organization set-up announced in January owe have laid the foundations for future growth. Nevertheless, economic conditions are still subject to significant uncertainty, beyond the effects from the ongoing coronavirus pandemic. We also expect commodity prices to rise and see risks in the availability of key intermediate components, for example in the semiconductor industry.”

You can find our business results for Q1 2021 at a glance in our

More detailed information on business performance you can find in our

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