Declared Dividend • May 20
Dividend of €0.62 announced Shareholders will receive a dividend of €0.62. Ex-date: 29th May 2026 Payment date: 2nd June 2026 Dividend yield will be 1.5%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 80% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 05
First quarter 2026 earnings released: EPS: €0.69 (vs €0.36 loss in 1Q 2025) First quarter 2026 results: EPS: €0.69 (up from €0.36 loss in 1Q 2025). Revenue: €2.77b (flat on 1Q 2025). Net income: €89.9m (up €137.7m from 1Q 2025). Profit margin: 3.2% (up from net loss in 1Q 2025). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Machinery industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. New Risk • May 05
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 16% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (6.6% average weekly change). Declared Dividend • May 04
Dividend of €0.62 announced Shareholders will receive a dividend of €0.62. Ex-date: 29th May 2026 Payment date: 2nd June 2026 Dividend yield will be 1.5%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has increased by an average of 1.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 77% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 03
Full year 2025 earnings released: EPS: €1.76 (vs €2.75 in FY 2024) Full year 2025 results: EPS: €1.76 (down from €2.75 in FY 2024). Revenue: €11.3b (down 1.8% from FY 2024). Net income: €230.1m (down 36% from FY 2024). Profit margin: 2.0% (down from 3.1% in FY 2024). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Machinery industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • Oct 14
KION GROUP AG to Report Fiscal Year 2025 Results on Feb 26, 2026 KION GROUP AG announced that they will report fiscal year 2025 results on Feb 26, 2026 Announcement • May 02
KION GROUP AG Provides Earnings Guidance for the Year 2025 KION GROUP AG provided earnings guidance for the year 2025. For the year, the company expects Revenue to be €10,900 million - €11,700 million. Announcement • Apr 09
KION GROUP AG Announces Board Changes KION GROUP AG announced the current Chairman of the Supervisory Board, Hans Peter Ring, will not be available for re-election at the Annual General Meeting when his term of office expires on May 27, 2025. The candidate to succeed him is Dr. Mohsen Sohi. Dr. Sohi, born in 1959, is currently CEO of Freudenberg SE and Spokesman of the Board of Management of Freudenberg & Co. Kommanditgesellschaft and has extensive experience in the management of internationally oriented companies. Previously, Dr. Sohi was President and CEO of Freudenberg-NOK General Partnership in Plymouth, Michigan (USA) and held executive positions at NCR Corporation and Honeywell. He holds an MBA from the Wharton School of Management, University of Pennsylvania, Philadelphia (USA) and a Doctor of Science in Mechanical Engineering from Washington University, St. Louis, Missouri (USA). The terms of office of Supervisory Board members Jiang Kui, Dr. Christina Reuter and Xu Ping will also end on 27 May 2025. Jiang Kui is available for a further term. In addition, Dr. Nicolas Peter will resign from his office as a member of the Supervisory Board with effect from the end of the Annual General Meeting on 27 May 2025. Additionally, the election of Dr. Sun Shaojun, who was appointed to the Supervisory Board in October 2024 is on the agenda. Elections of six shareholder representatives to the Supervisory Board are therefore required at the Annual General Meeting. Announcement • Apr 08
KION GROUP AG, Annual General Meeting, May 27, 2025 KION GROUP AG, Annual General Meeting, May 27, 2025, at 10:00 W. Europe Standard Time. Announcement • Mar 13
Kion Group Ag Presents Physical Ai Solution At Logimat in Stuttgart The KION Group, as part of a large-scale collaboration with NVIDIA and Accenture to reinvent industrial automation, introduces its first physical AI-powered Omniverse solution at LogiMAT 2025 in Stuttgart, Germany, from March 11- March 13. This milestone demonstrates how AI-driven industrial trucks and digital twins can transform supply chain operations by enhancing efficiency, adaptability, and cost-effectiveness. At LogiMAT, KION subsidiary Linde Material Handling presents a fully integrated goods-in solution, featuring an autonomous mobile robot and a manual truck, both AI-powered. The solution is digitally represented in NVIDIA’s Omniverse, displaying the real-time localizations of the industrial trucks. The on-board and stationary cameras run on NVIDIA hardware, capturing and processing live operational data. The whole solution works in an ever-evolving simulation environment, preparing to optimize vehicle coordination and route planning at scale. Additionally, the trucks include app capabilities that enable continuous software upgrades for functionalities such as enhanced person recognition and obstacle avoidance. As announced in January, the three companies cooperate to leverage physical AI with intelligent stationary cameras, autonomous forklifts, and the latest automation and robotics solutions to create highly realistic, real-time digital twins in NVIDIA’s Omniverse fed by live sensor and camera data. This enables customers to digitally map every asset in their warehouse in real time – from manual forklifts, autonomous robots and the exact locations of goods. Combined with the ability to run an infinite amount of scenarios, this will help customers define ideal layouts for new warehouses and improve warehouse management by predicting peak loads, ensuring worker safety, and more effectively planning the use of resources. Announcement • Feb 28
KION GROUP AG announces Annual dividend, payable on May 30, 2025 KION GROUP AG announced Annual dividend of EUR 0.8200 per share payable on May 30, 2025, ex-date on May 28, 2025 and record date on May 29, 2025. Announcement • Oct 02
KION GROUP AG to Report Fiscal Year 2024 Results on Feb 27, 2025 KION GROUP AG announced that they will report fiscal year 2024 results on Feb 27, 2025 Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: €0.52 (vs €0.54 in 2Q 2023) Second quarter 2024 results: EPS: €0.52 (down from €0.54 in 2Q 2023). Revenue: €2.88b (up 1.4% from 2Q 2023). Net income: €68.2m (down 4.2% from 2Q 2023). Profit margin: 2.4% (down from 2.5% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Machinery industry in Switzerland. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. New Risk • Jul 31
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.9% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Upcoming Dividend • May 23
Upcoming dividend of €0.70 per share Eligible shareholders must have bought the stock before 30 May 2024. Payment date: 03 June 2024. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Swiss dividend payers (4.1%). Lower than average of industry peers (2.0%). Reported Earnings • Apr 25
First quarter 2024 earnings released: EPS: €0.83 (vs €0.55 in 1Q 2023) First quarter 2024 results: EPS: €0.83 (up from €0.55 in 1Q 2023). Revenue: €2.86b (up 2.8% from 1Q 2023). Net income: €108.8m (up 51% from 1Q 2023). Profit margin: 3.8% (up from 2.6% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Machinery industry in Switzerland. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. New Risk • Mar 04
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 62% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 01
Full year 2023 earnings released: EPS: €2.33 (vs €0.75 in FY 2022) Full year 2023 results: EPS: €2.33 (up from €0.75 in FY 2022). Revenue: €11.4b (up 2.7% from FY 2022). Net income: €305.8m (up 212% from FY 2022). Profit margin: 2.7% (up from 0.9% in FY 2022). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Machinery industry in Switzerland. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: €0.61 (vs €0.73 in 3Q 2022) Third quarter 2023 results: EPS: €0.61 (down from €0.73 in 3Q 2022). Revenue: €2.73b (flat on 3Q 2022). Net income: €79.9m (down 16% from 3Q 2022). Profit margin: 2.9% (down from 3.5% in 3Q 2022). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Switzerland. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Announcement • Oct 17
KION GROUP AG to Report Q4, 2023 Results on Feb 29, 2024 KION GROUP AG announced that they will report Q4, 2023 results on Feb 29, 2024 Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: €0.54 (vs €0.60 in 2Q 2022) Second quarter 2023 results: EPS: €0.54 (down from €0.60 in 2Q 2022). Revenue: €2.84b (up 1.2% from 2Q 2022). Net income: €71.2m (down 9.8% from 2Q 2022). Profit margin: 2.5% (down from 2.8% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Switzerland. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Upcoming Dividend • May 11
Upcoming dividend of €0.19 per share at 0.5% yield Eligible shareholders must have bought the stock before 18 May 2023. Payment date: 22 May 2023. Payout ratio is a comfortable 27% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Swiss dividend payers (4.3%). Lower than average of industry peers (2.2%). Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: €0.55 (vs €0.61 in 1Q 2022) First quarter 2023 results: EPS: €0.55 (down from €0.61 in 1Q 2022). Revenue: €2.78b (up 1.7% from 1Q 2022). Net income: €72.1m (down 9.3% from 1Q 2022). Profit margin: 2.6% (down from 2.9% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Machinery industry in Switzerland. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Reported Earnings • Mar 06
Full year 2022 earnings released: EPS: €0.75 (vs €4.34 in FY 2021) Full year 2022 results: EPS: €0.75 (down from €4.34 in FY 2021). Revenue: €11.1b (up 8.2% from FY 2021). Net income: €98.0m (down 83% from FY 2021). Profit margin: 0.9% (down from 5.5% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in Switzerland. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: €0.73 (vs €1.04 in 3Q 2021) Third quarter 2022 results: EPS: €0.73 (down from €1.04 in 3Q 2021). Revenue: €2.71b (up 5.5% from 3Q 2021). Net income: €95.2m (down 30% from 3Q 2021). Profit margin: 3.5% (down from 5.3% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Switzerland. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Reported Earnings • Jul 28
Second quarter 2022 earnings released: EPS: €0.60 (vs €1.17 in 2Q 2021) Second quarter 2022 results: EPS: €0.60 (down from €1.17 in 2Q 2021). Revenue: €2.80b (up 8.1% from 2Q 2021). Net income: €78.9m (down 49% from 2Q 2021). Profit margin: 2.8% (down from 5.9% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 5.1%, compared to a 10% growth forecast for the industry in Switzerland. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Reported Earnings • Mar 04
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: €4.34 (up from €1.81 in FY 2020). Revenue: €10.3b (up 23% from FY 2020). Net income: €568.3m (up 164% from FY 2020). Profit margin: 5.5% (up from 2.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 8.2%, compared to a 10% growth forecast for the industry in Switzerland. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment improved over the past week After last week's 22% share price gain to CHF91.74, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 22x in the Machinery industry in Switzerland. Total returns to shareholders of 62% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CHF172 per share. Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS €1.04 (vs €0.72 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €2.57b (up 24% from 3Q 2020). Net income: €136.7m (up 60% from 3Q 2020). Profit margin: 5.3% (up from 4.1% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Reported Earnings • Jul 30
Second quarter 2021 earnings released: EPS €1.17 (vs €0.13 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €2.59b (up 37% from 2Q 2020). Net income: €153.5m (up €168.3m from 2Q 2020). Profit margin: 5.9% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Upcoming Dividend • May 05
Upcoming dividend of €0.41 per share Eligible shareholders must have bought the stock before 12 May 2021. Payment date: 17 May 2021. Trailing yield: 0.5%. Lower than top quartile of Swiss dividend payers (3.6%). Lower than average of industry peers (1.9%). Reported Earnings • Apr 30
First quarter 2021 earnings released: EPS €1.04 (vs €0.58 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €2.38b (up 17% from 1Q 2020). Net income: €136.7m (up 99% from 1Q 2020). Profit margin: 5.8% (up from 3.4% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improved over the past week After last week's 39% share price gain to €84.14, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 29x in the Machinery industry in Switzerland. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at CHF123 per share. Reported Earnings • Mar 03
Full year 2020 earnings released: EPS €1.81 (vs €3.86 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €8.34b (down 5.3% from FY 2019). Net income: €215.3m (down 53% from FY 2019). Profit margin: 2.6% (down from 5.2% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Mar 03
Revenue beats expectations Revenue exceeded analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 11%, compared to a 4.2% growth forecast for the Machinery industry in Switzerland. Analyst Estimate Surprise Post Earnings • Oct 30
Third-quarter earnings released: Revenue beats expectations Third-quarter revenue exceeded analyst estimates by 0.9% at €2.07b. Revenue is forecast to grow 8.0% over the next year, compared to a 1.2% growth forecast for the Machinery industry in Switzerland. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of €254.6m, down 48% from the prior year. Total revenue was €8.28b over the last 12 months, down 5.3% from the prior year. 
