Kion Group's Q4 & FY 2023 Earnings Miss, but Free Cash Flow Surpasses Expectations

• Net income and adjusted EBIT for the SCS segment in Q4 2023 and FY 2023 below market expectations
• Free cash flow for FY 2023 exceeds market expectations
• Preliminary results show net income of EUR 83 million in Q4 2023 and EUR 306 million in FY 2023
• Adjusted EBIT for SCS segment below market expectations at EUR 14 million in Q4 2023 and EUR 44 million in FY 2023
• Free cash flow for FY 2023 above market expectations at EUR 715 million
• Other key financials for Q4 2023 and FY 2023 expected to be in line with outlook and market expectations

The next important date, Balance sheet press conference, at Kion Group is on 29.02.2024.

The price of Kion Group at the time of the news was 41,82EUR and was down -1,24 % compared with the previous day.
12 minutes after the article was published, the price was 42,00EUR this corresponds to a plus of +0,43 % since publication.
At this time, the index MDAX was at 26.240,52PKT (+0,52 %).

Kion Group

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+25,90 %

-45,38 %

-15,76 %

+36,96 %

+56,03 %

ISIN:DE000KGX8881WKN:KGX888

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