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    EQS-Adhoc  117  0 Kommentare KION GROUP AG: Consolidated net income for Q2/2024 expected below market expectations

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    • Consolidated net income for Q2/2024 below expectations
    • Goodwill impairment of EUR 22 million in Americas unit
    • Final results to be announced on July 31, 2024

    EQS-Ad-hoc: KION GROUP AG / Key word(s): Quarterly / Interim Statement/Preliminary Results
    KION GROUP AG: Consolidated net income for Q2/2024 expected below market expectations

    10-Jul-2024 / 12:44 CET/CEST
    Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
    The issuer is solely responsible for the content of this announcement.


    Disclosure of Inside Information pursuant to Article 17 of Regulation (EU) No. 596/2014


    Keywords: Quarterly/Interim Reporting, Preliminary Results

    KION GROUP AG
    Thea-Rasche-Straße 8
    60549 Frankfurt am Main
    ISIN DE000KGX8881

    Consolidated net income for Q2/2024 expected below market expectations

    Frankfurt/Main, 10 July 2024

    Due to a goodwill impairment for the KION ITS Americas operating unit in the Industrial Trucks & Services (ITS) segment in the amount of around EUR 22 million the KION Group expects consolidated net income before minorities to be around EUR 69 million in the second quarter of 2024 (Vara consensus as of July 9, 2024: EUR 93 million). This goodwill impairment will also reduce consolidated net income before minorities for the 2024 financial year by the same amount.

    All figures provided are preliminary and unaudited. KION GROUP AG will announce the final results for the second quarter of 2024 on July 31, 2024.

    Explanations of the key financial figures used can be found in the Annual Report 2023 of KION GROUP AG (https://www.kiongroup.com/en/Investor-Relations/Publications/), especially on pages 75 et seq. The consensus from Vara Research is published at https://www.kiongroup.com/en/Investor-Relations/Share/.

    Contact for investors:

    Sebastian Ubert
    Vice President Investor Relations
    Phone +49 (0)69 201 107 329
    sebastian.ubert@kiongroup.com

    Raj Junginger
    Senior Manager Investor Relations
    Phone +49 (0)69 201 107 942
    raj.junginger@kiongroup.com
     


    End of Inside Information

    10-Jul-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
    Archive at www.eqs-news.com


    Language: English
    Company: KION GROUP AG
    Thea-Rasche-Straße 8
    60549 Frankfurt/Main
    Germany
    Phone: +49 69 20110-0
    E-mail: info@kiongroup.com
    Internet: www.kiongroup.com
    ISIN: DE000KGX8881
    WKN: KGX888
    Indices: MDAX
    Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
    EQS News ID: 1943497

     
    End of Announcement EQS News Service

    1943497  10-Jul-2024 CET/CEST

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