EQS-Adhoc
KION GROUP AG: Efficiency program with impact on 2025 financial year; preliminary group results for 2024 financial year
Für Sie zusammengefasst
- KION Group initiates efficiency program for 2025.
- Expected annual savings of EUR 140-160 million.
- 2024 results slightly exceed expectations, details on Feb 27.

Foto: Arne Dedert - dpa
EQS-Ad-hoc: KION GROUP AG / Key word(s): Miscellaneous/Preliminary Results |
Anzeige
Disclosure of Inside Information pursuant to
ARTICLE 17 OF REGULATION (EU) NO. 596/2014
ARTICLE 17 OF REGULATION (EU) NO. 596/2014
KION GROUP AG
Thea-Rasche-Straße 8
60549 Frankfurt am Main
ISIN DE000KGX8881
KION GROUP AG: Efficiency program with impact on 2025 financial year; preliminary group results for 2024 financial year
Frankfurt/Main, February 4, 2024
At its meeting today, the Executive Board of KION GROUP AG resolved an efficiency program for sustaining the Company’s competitiveness and maintaining headroom for future investments. The aim
is to achieve sustainable cost savings of around EUR 140 to 160 million per year, fully effective in the 2026 financial year.
To achieve this goal, organizational structures shall be adapted and work processes shall be made more efficient. This is expected to have an impact on personnel requirements subject to consultations with the respective employee representative bodies as required by local laws.
For the implementation of the cost saving measures one-off expenses in the amount of approximately EUR 240 to 260 million are expected in the financial year 2025. The vast majority of these are expected to be cash-effective in the 2025 financial year.
As a result, the free cash flow and the net income* for the financial year 2025 will fall short of market expectations.
The preliminary and unaudited group results for the 2024 financial year are slightly above expectations:
To achieve this goal, organizational structures shall be adapted and work processes shall be made more efficient. This is expected to have an impact on personnel requirements subject to consultations with the respective employee representative bodies as required by local laws.
For the implementation of the cost saving measures one-off expenses in the amount of approximately EUR 240 to 260 million are expected in the financial year 2025. The vast majority of these are expected to be cash-effective in the 2025 financial year.
As a result, the free cash flow and the net income* for the financial year 2025 will fall short of market expectations.
The preliminary and unaudited group results for the 2024 financial year are slightly above expectations:
- Net Sales: approx. EUR 11,503 million (previous year: EUR 11,434 million)
- Adjusted EBIT: approx. EUR 917 million (previous year: EUR 791 million)
- Adjusted EBIT Margin: approx. 8,0% (previous year: 6,9%)
- Free Cash Flow: approx. EUR 702 million (previous year: EUR 715 million)
- ROCE: approx. 8.7% (previous year: 7.7%)
KION GROUP AG will publish the final group results for the fourth quarter and the 2024 financial year 2024 and the detailed outlook for the 2025 financial year as planned on 27 February 2025.
Diskutieren Sie über die enthaltenen Werte
Verfasst von EQS Group AG
1 im Artikel enthaltener WertIm Artikel enthaltene Werte