DGAP-Adhoc 134 0 Kommentare KION GROUP AG: KION Group withdraws outlook for fiscal year 2022

DGAP-Ad-hoc: KION GROUP AG / Key word(s): Forecast
KION GROUP AG: KION Group withdraws outlook for fiscal year 2022

04-Apr-2022 / 20:46 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
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DISCLOSURE OF INSIDE INFORMATION PURSUANT TO ARTICLE 17 OF REGULATION (EU) NO. 596/2014

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Keywords: Forecast

KION GROUP AG

Thea-Rasche-Straße 8

60549 Frankfurt am Main

ISIN DE000KGX8881

KION GROUP AG: KION Group withdraws outlook for fiscal year 2022

Frankfurt/Main, April 4, 2022

In view of the ongoing and substantial uncertainties in the procurement markets, which are significantly exacerbated by the military conflict in Eastern Europe as well as by recent Corona-lockdowns, the Executive Board of KION GROUP AG decided today, April 4, 2022, to withdraw the outlook for the fiscal year 2022 as published on March 3, 2022.

On February 22, 2022, the Executive Board of KION GROUP AG had adopted the following outlook for the fiscal year 2022 for the KION Group and its operating segments when preparing the consolidated financial statements:

in € million	KION Group	Industrial Trucks & Services	Supply Chain Solutions
Order intake¹	11,600 - 12,800	7,200 - 7,800	4,400 - 5,000
Revenue¹	11,000 - 12,000	7,000 - 7,600	4,000 - 4,400
Adjusted EBIT¹	1,010 - 1,150	655 - 735	465 - 525
Free cash flow	520 - 640	-	-
ROCE	11.0 % - 12.0 %	-	-
¹ Disclosure for the Industrial Trucks & Services and Supply Chain Solutions segments also include intra-group cross-segment order intake, revenue and effects on EBIT

Due to the bottlenecks in the procurement markets, which are anticipated to last much longer than expected, the continued sharp increase in material and logistics costs, and recent Corona-lockdowns which particularly affect the Asian market, the outlook for fiscal year 2022 can no longer be maintained.

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