DGAP-Adhoc 1298 0 Kommentare KION GROUP AG: KION Group expects a loss in the third quarter 2022; KION Group provides new outlook for 2022

DGAP-Ad-hoc: KION GROUP AG / Key word(s): Profit Warning/Forecast
KION GROUP AG: KION Group expects a loss in the third quarter 2022; KION Group provides new outlook for 2022

13-Sep-2022 / 20:03 CET/CEST
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DISCLOSURE OF INSIDE INFORMATION PURSUANT TO ARTICLE 17 OF REGULATION (EU) NO. 596/2014

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Keywords: Profit Warning, Guidance

KION GROUP AG

Thea-Rasche-Straße 8

60549 Frankfurt am Main

ISIN DE000KGX8881

KION GROUP AG: KION Group expects a low triple digit million EUR loss in the third quarter 2022 on KION Group level and in its Supply Chain Solutions segment due to cost increases in project business; order intake, adjusted EBIT and free cash flow in the third quarter of 2022 are substantially impacted; KION Group provides new outlook for 2022 and continues to review the time frame for achievement of its medium-term targets

Frankfurt/Main, September 13, 2022

Based on current estimates of the expected key financial figures, the Executive Board of KION GROUP AG expects a low triple digit million EUR loss for the third quarter of 2022 on KION Group level and in its Supply Chain Solutions (SCS) segment due to intensifying supply chain shortages as well as significantly higher cost increases for materials, energy and logistics.

On KION Group level, the third quarter 2022 adjusted EBIT is anticipated to be in the range of € -100 to € -140 million (Q3 2021: € 228.9 million). Order intake is expected to be significantly below the third quarter 2021 (Q3 2021: €3.107 billion), with the Supply Chain Solutions segment substantially below the record level of the third quarter 2021 (Q3 2021: € 1.399 billion). Free cash flow will continue to be negative and is expected to be significantly lower than the previous quarter (Q2 2022: € -158.9 million).

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