EQS-News

KION Group CEO Rob Smith: 'We are following a clear roadmap to grow profitably and look to the future with confidence.'

EQS-News: KION GROUP AG / Key word(s): AGM/EGM KION Group CEO Rob Smith: 'We are following a clear roadmap to grow profitably and look to the future with confidence.' (news with additional features) 17.05.2023 / 15:18 CET/CEST The issuer is solely responsible for the content of this announcement. "We are following a clear roadmap to grow profitably and look to the future with confidence."

• Annual General Meeting of KION GROUP AG at the Palmengarten in Frankfurt am Main recaps 2022 financial year
• Farewell to Supervisory Board Chairman Dr. Michael Macht, Hans Peter Ring elected as successor after the AGM
• Dr. Nicolas Peter assumes Chairmanship of the Audit Committee
• Supervisory Board and Executive Board proposals approved with majority vote
• Dividend of 0.19 euros per share to be paid out

 

Frankfurt am Main, May 17, 2023 – After three years, KION GROUP AG today welcomed shareholders to its in-person Annual General Meeting at the Palmengarten Frankfurt. CEO Rob Smith recapped the 2022 financial year, which was marked by external and internal challenges for the Group. In front of around 130 shareholders and shareholder representatives, Rob Smith also looked ahead to the KION Group's prospects. "We are convinced that the key growth drivers for our two segments will continue to strengthen, including megatrends such as urbanization, automation and alternative energy systems," said Smith.

Group resilience and agility strengthened

In his summary of the past financial year, the Chief Executive Officer outlined the Group’s conclusions drawn in recent months from the challenging global macroeconomic and political environment. "We have set out a clear roadmap with commercial and operational agility measures to ensure successful profitable growth even in volatile times." For example, he said, the company has introduced more dynamic pricing to better protect itself against current and future inflationary pressures. KION has also introduced price adjustment clauses in its contracts with customers in both segments of the Group. Another focus area was procurement, Smith reported to the shareholders in the room, saying that the KION Group strengthened its global supplier network and was now much more resilient than it was a year ago. "That is why we are looking to the future with confidence," the CEO emphasized.