Germany · Delayed Price · Currency is EUR KION GROUP AG Earnings Call Transcripts
Fiscal Year 2026
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Order intake and profitability rose in both segments, with strong automation advances and a positive free cash flow. 2026 outlook is confirmed, with proactive measures to address geopolitical and cost risks. Strategic investments and new product launches support growth.
Fiscal Year 2025
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Q3 2025 saw strong order intake growth, stable revenue, and a significant rise in EPS and free cash flow. Efficiency Program costs were reduced, with most savings to be realized in 2026, and guidance for revenue, EBIT, and cash flow was raised. Customer sentiment and market conditions are improving.
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Q3 2025 is shaping up as a typical seasonal quarter, with year-over-year order and revenue growth driven by a low prior-year base, but sequential declines due to seasonality. Margins are under pressure from lower factory utilization and higher incentive expenses, while net income benefits from a tax gain.
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Q2 2025 saw record order intake, especially in SCS, but revenue declined due to prior subdued demand. Profitability improved in SCS, while ITS margins were pressured by lower volumes. Full-year outlook and margin targets are confirmed, with risks from geopolitical and trade uncertainties.
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Order intake grew 11% year-over-year to €2.7 billion, but revenue declined slightly and adjusted EBIT fell 14% due to lower volumes and efficiency program costs. Service business and automation solutions drove resilience, while guidance for 2025 remains unchanged amid ongoing geopolitical risks.
Fiscal Year 2024
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Record revenue and improved margins in 2024, with strong service growth offsetting weaker new equipment sales. 2025 guidance anticipates a temporary margin dip in ITS due to market and mix headwinds, while SCS is set for margin improvement as legacy projects wind down and e-commerce demand returns.
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Q3 2024 delivered stable revenues and margins, with strong free cash flow and improved leverage. Guidance for 2024 was narrowed, reflecting solid YTD performance, while service businesses in both segments showed resilience amid macro uncertainty.
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Global industrial truck demand is stabilizing, with growth in EMEA and APAC offset by declines in the Americas. Revenue and EBIT margin guidance for 2024 have been narrowed, with Q3 and Q4 margins expected to soften due to mix shifts. SCS order intake remains subdued, but cost measures and legacy project completions are supporting gradual EBIT improvement.
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Q2 2024 delivered solid revenue and EBIT growth, with positive free cash flow and improved margins year-over-year. Guidance for 2024 was narrowed, reflecting strong first-half results and slower-than-expected market recovery, especially in SCS.