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

Transparency directive : regulatory news

10/07/2024 12:44

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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