DGAP-News

KION Group remains on its growth path for 2016 after hitting new highs - focus on innovation and efficiency (news with additional features)

DGAP-News: KION GROUP AG / Key word(s): Final Results
KION Group remains on its growth path for 2016 after hitting new highs -
focus on innovation and efficiency (news with additional features)

17.03.2016 / 07:10
The issuer is solely responsible for the content of this announcement.

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- Proposed dividend of EUR0.77 per share - rise of 40 per cent
- Increase in order intake, revenue, EBIT[1] and the EBIT[1] margin
expected for 2016
- Slower growth anticipated in the global market
- New highs in 2015 for order intake, revenue, adjusted EBIT and net income

Wiesbaden, 17 March 2016 - After achieving new highs in 2015, the KION
Group expects further profitable growth in 2016, despite a forecast
slowdown in global market growth. The core market of western Europe is
expected to provide significant stimulus, as it did in 2015. Revenue,
adjusted EBIT[1] and the value of order intake are expected to rise
further. The Company also anticipates that the EBIT[1] margin will
increase. In 2016, the priority will be to continue implementing the
Strategy 2020 to generate profitable growth. The main areas of focus will
be to further advance of connectivity and automation as well as to continue
making efficiency gains, especially in product development and production.

The Executive Board and Supervisory Board of the KION Group - one of the
world's two largest suppliers of forklift trucks, warehouse technology and
associated services - will propose a dividend of EUR0.77 per share to the
Annual General Meeting on 12 May 2016, up by 40 per cent on the previous
year's dividend. This amount represents a dividend payout ratio of 35 per
cent of net income, compared with 31 per cent in the previous year.

In order to provide even greater transparency regarding its own financial
expectations, the KION Group is publishing the outlook for its main KPIs in
2016 for the first time on the basis of target ranges, instead of using a
qualitative comparison. Specifically, the order intake is expected to be
between EUR5.350 billion and EUR5.500 billion. The target figure for
consolidated revenue is in the range of EUR5.200 billion to EUR5.350
billion. The KION Group predicts higher volumes of revenue and orders,
particularly in western Europe. The targeted range for adjusted EBIT is
EUR510 million to EUR535 million. The adjusted EBIT margin is predicted to
increase above the margin of 9.5 per cent that was generated in 2015. This