KION with a solid third quarter – strong order intake increase in the first nine months of 2025
2025-10-30 Growth 2 min
by
Dennis Lüneburger
In the first nine months of the financial year 2025, KION’s results were overall in line with expectations.
Continuing the positive trend of the first two quarters of the year, customer demand increased again in the third quarter. With € 8.882 billion (2024: € 7.506 billion), order intake in all business lines was considerably higher year-on-year. Revenue in both operating segments was slightly below prior year based on the lower level of the order book at the beginning of 2025.
“KION grew order intake in both operating segments in an ongoing challenging macroeconomic and geopolitical environment and made significant progress in implementing the efficiency program. On the basis of our solid year-to-date performance, we narrowed our guidance ranges and raised our outlook for free cash flow for 2025.”
Rob Smith, CEO of KION GROUP AGOrder intake at Industrial Trucks & Services increased by 7.3 percent to € 5.970 billion (2024: € 5.566 billion), benefitting from both counterbalance trucks and warehouse equipment in the new truck business and the continued growth in the service business. The significant increase in order intake at Supply Chain Solutions by 50.5 percent to € 2.941 billion (2024: € 1.955 billion) was driven by a remarkable dynamic in the project business and a continued growth in the service business.
Group revenue in the first nine months of 2025 slightly declined by 2.8 percent to € 8.200 billion year-on-year (2024: € 8.435 billion). In the Industrial Trucks & Services segment, revenue declined by 3.6 percent to € 6.079 billion (2024: € 6.305 billion), mainly due to the normalized order book. Revenue in the Supply Chain Solutions segment marginally declined by 0.3 percent to € 2.154 billion (2024: € 2.161 billion) in the first nine months. Project business revenue increased noticeably in the third quarter driven by the recovering order intake in the financial year.
Adjusted EBIT on group level was € 575.4 million (2024: € 666.7 million) corresponding to an adjusted EBIT margin of 7.0 percent (2024: 7.9 percent). Adjusted EBIT in the Industrial Trucks & Services segment decreased to € 529.5 million (2024: € 672.9 million) with an adjusted EBIT margin of 8.7 percent (2024: 10.7 percent), mainly impacted by lower volumes and the year-on-year decline in the gross margin. With € 126.0 million, Supply Chain Solutions significantly increased adjusted EBIT year-on-year (2024: € 70.5 million) with an adjusted EBIT margin of 5.8 percent (2024: 3.3 percent). Key drivers of the increase in profitability were sustained growth in the service business and solid project execution.
Net income was € 167.1 million (2024: € 255.6 million), significantly impacted by non-recurring items in the reporting period. With € 392.8 million (2024: € 431.3 million), free cash flow was at a high level.
As published on Thursday, 23rd October, the one-time expenses for the efficiency program are expected to decrease to € 170 to 190 million, which is lower than originally anticipated (previously: € 240 to 260 million). The savings target remains nearly unchanged at € 140 to 150 million.
You can find our business results for the first nine months of 2025 at a glance in our
More detailed information on business performance you can find in our
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