KION GROUP Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St

November 02, 2024

KION GROUP (ETR:KGX) Third Quarter 2024 Results

Key Financial Results

Revenue: €2.70b (down 1.1% from 3Q 2023).
Net income: €72.4m (down 9.4% from 3Q 2023).
Profit margin: 2.7% (down from 2.9% in 3Q 2023).
EPS: €0.55 (down from €0.61 in 3Q 2023).

earnings-and-revenue-growth — XTRA:KGX Earnings and Revenue Growth November 2nd 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

KION GROUP Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 24%.

Looking ahead, revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany.

Performance of the German Machinery industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for KION GROUP (1 is a bit concerning!) that you should be aware of.

Valuation is complex, but we're here to simplify it.

Discover if KION GROUP might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.