KION GROUP Past Earnings Performance
Past criteria checks 4/6
KION GROUP's earnings have been declining at an average annual rate of -8.2%, while the Machinery industry saw earnings growing at 9.1% annually. Revenues have been growing at an average rate of 3.5% per year. KION GROUP's return on equity is 6.1%, and it has net margins of 3.3%.
Key information
-8.20%
Earnings growth rate
-8.91%
EPS growth rate
| Machinery Industry Growth | 10.65% |
| Revenue growth rate | 3.47% |
| Return on equity | 6.05% |
| Net Margin | 3.26% |
| Next Earnings Update | 30 Jul 2026 |
Recent past performance updates
Recent updates
Narrative Update • Jul 09
KGX: AI Automation And Cost Efficiency Program Will Drive Future Repricing Potential
The analyst fair value estimate for KION GROUP has moved from €71 to €76. The shift is supported by recent price target increases from several banks and a generally more positive stance from analysts, who see an attractive entry point in the warehouse automation business despite prior concerns around industrial production and cost inflation.Narrative Update • Jun 25
KGX: AI Warehouse Automation And Robotics Partnerships Will Drive Future Repricing Potential
KION GROUP's analyst price target has been revised to €63. This reflects a series of recent target trims from several banks alongside fresh Buy ratings, as analysts reassess assumptions on growth, margins and risk.
Narrative Update • Jun 10
KGX: AI Warehouse Automation Will Recast Execution Risks Under Rising Required Returns
KION GROUP's updated analyst price target of €60.00, down from €61.87, reflects a mix of recent target cuts and fresh Buy ratings as analysts reassess fair value using slightly higher discount rates, modestly adjusted growth and margin expectations, and a lower future P/E assumption. Analyst Commentary Recent Street research on KION GROUP shows a mix of higher conviction Buy calls and trimmed price targets, with analysts recalibrating fair value rather than radically changing their views on the business.Narrative Update • May 27
KGX: AI Warehouse Automation And Physical AI Partnerships Will Drive Future Repricing Potential
Analyst price targets for KION GROUP have been reaffirmed around €71, with slightly adjusted model inputs as analysts balance recent rating changes and mixed target moves across the Street. Analyst Commentary Recent Street research on KION GROUP has been mixed, but there is a clear pocket of optimism from bullish analysts who see value in the shares at current levels and are willing to raise or reiterate constructive views.Narrative Update • May 10
KGX: AI Warehouse Automation Progress Will Drive Future Repricing Potential
Analysts have reduced the fair value estimate for KION GROUP from €79.00 to €71.00, reflecting a series of lowered price targets and slightly more cautious assumptions on discount rate, growth and margins, even as some firms have become more constructive on the stock. Analyst Commentary Street research around KION GROUP has turned more mixed, but there are several clearly optimistic threads that stand out.Narrative Update • Apr 17
KGX: AI Warehouse Automation Will Reframe Execution Risks Under Higher Required Returns
Analysts have trimmed the KION GROUP fair value estimate from €65.15 to €61.87 as several firms cut price targets in recent research, citing a higher required return (measured as a higher discount rate), despite slightly firmer assumptions for revenue growth and profit margins. Analyst Commentary Recent research on KION GROUP shows both supportive and cautious views, with price targets and ratings moving in different directions as analysts reassess risk, required returns and execution.
Narrative Update • Apr 03
KGX: AI Warehouse Automation And Lumpy Volumes Will Shape Future Upside
Analysts have raised the fair value estimate for KION GROUP from €48.50 to €52.00, reflecting updated assumptions on discount rate, revenue growth, profit margin and future P/E after a mix of recent price target changes and rating moves from the Street. Analyst Commentary Recent Street research paints a mixed picture for KION GROUP, with price target changes and rating shifts pointing to both optimism and caution.Narrative Update • Mar 19
KGX: Warehouse Automation Upside Will Drive Future Repricing Potential
Analysts have kept the KION GROUP fair value unchanged at €79.00, while adjusting assumptions on discount rate, revenue growth, profit margins and future P/E. This reflects a mix of recent target changes that range from Jefferies lifting its target to €56.00 and moving to Hold, BNP Paribas trimming to €59.00 with a Neutral stance, and JPMorgan nudging its target up to €75.00 and maintaining an Overweight rating.Narrative Update • Mar 05
KGX: Mixed Volume Recovery And Margin Risks Will Likely Restrain Future Upside
The analyst fair value estimate for KION GROUP has edged down from €49.41 to €48.50, reflecting a slightly higher discount rate, a lower assumed profit margin, and mixed Street views, with some analysts raising price targets while others trim ratings and targets as they anticipate uneven volume recovery and limited downside after the recent share pullback. Analyst Commentary Recent research on KION GROUP points to a split view, with some firms turning more constructive while others step back and flag execution and growth risks.Narrative Update • Feb 19
KGX: Higher Future P/E Assumptions Will Drive Upside Potential
Our analyst fair value estimate for KION GROUP has shifted from €67.00 to €79.00, reflecting updated assumptions on growth, margins, and a higher future P/E multiple in the context of recent Street target revisions from Citi and JPMorgan. Analyst Commentary Recent Street research around KION GROUP has been active, with price targets adjusted and ratings updated as analysts refresh their views on the company.Analysis Article • Feb 15
Is KION GROUP (ETR:KGX) A Risky Investment?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Narrative Update • Feb 05
KGX: Fair Outlook Will Balance Execution Risks With AI Automation Opportunities
Narrative Update: KION GROUP Analyst Price Target Shift The updated analyst price target for KION GROUP reflects a modest fair value adjustment from €66.22 to about €65.15. Analysts are factoring in slightly softer revenue growth expectations, along with marginally higher profit margin and discount rate assumptions, following recent target cuts and rating changes from the Street.Narrative Update • Jan 22
KGX: Fair Outlook Will Balance AI Automation Push With Execution Scrutiny
Narrative Update Analysts have made a modest adjustment to the KION GROUP narrative fair value, lifting it by about €0.51 to €66.22, reflecting slightly updated assumptions on discount rate, revenue growth, profit margin and future P/E after recent price target tweaks from €65 to €66 and from €74.20 to €73.80. Analyst Commentary Recent research updates around KION GROUP have focused on fine tuning price targets rather than making major changes to the overall thesis.Analysis Article • Jan 13
Is There An Opportunity With KION GROUP AG's (ETR:KGX) 46% Undervaluation?
Key Insights KION GROUP's estimated fair value is €121 based on 2 Stage Free Cash Flow to Equity KION GROUP's €65.60...Narrative Update • Jan 07
KGX: Fair Outlook Balances Automation And AI Adoption With Execution Risk
Analysts have slightly increased their fair value estimate for KION GROUP, raising the price target from €65 to €66 to reflect updated assumptions around discount rates, profit margins and future P/E. Analyst Commentary Recent research reflects a modestly higher conviction in KION GROUP, with the fair value estimate now at €66.Narrative Update • Dec 19
KGX: Rising Execution Risks Will Likely Cap Future Share Price Upside
Analysts have raised their price target on KION GROUP to approximately EUR 49.41 from about EUR 43.59, citing higher expectations for revenue growth, slightly stronger margins, and recent target increases from other firms. Analyst Commentary Recent Street research on KION GROUP reflects a constructive but increasingly selective stance among market watchers, with rising price targets tempered by growing scrutiny of execution and valuation risks.Narrative Update • Dec 05
KGX: Future Upside Will Reflect Automation Demand And AI Warehouse Adoption
Analysts have nudged their price target for KION GROUP higher to approximately EUR 64.45 from about EUR 63.37, citing slightly lower perceived risk, marginally stronger long term revenue and margin expectations, and support from recent Street research that has repeatedly lifted 12 month targets while reiterating Buy ratings. Analyst Commentary Bullish analysts have steadily lifted their 12 month price targets for KION GROUP, signaling growing conviction that the company can deliver above consensus earnings growth and sustain improving margins over the medium term.Narrative Update • Nov 21
KGX: Future Upside Will Reflect Improving Sector Momentum and Industry Position
KION GROUP's analyst price target has increased slightly from €62.57 to €63.37. This change reflects analysts’ optimism following recent target raises and continued Buy ratings, which are driven by stable growth and improving industry sentiment.Narrative Update • Nov 06
KGX: Future Performance Will Reflect Ongoing Momentum and Sector Expectations
KION GROUP's analyst price target has increased from €60.80 to €62.57. This reflects analysts' optimism due to improved revenue growth projections and recent upward revisions in price targets from major research firms.Analysis Article • Nov 04
KION GROUP AG Just Beat EPS By 8.7%: Here's What Analysts Think Will Happen Next
It's been a pretty great week for KION GROUP AG ( ETR:KGX ) shareholders, with its shares surging 12% to €64.00 in the...Narrative Update • Oct 22
Analyst Commentary Highlights Rising Optimism and Modest Valuation Upgrades for KION GROUP
KION GROUP's analyst price target has increased slightly, rising from approximately €59.73 to €60.80. Analysts cite improving revenue growth, stable profit margins, and positive sentiment reflected in recent target raises by major banks.Analysis Article • Oct 22
KION GROUP (ETR:KGX) Has A Somewhat Strained Balance Sheet
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...Narrative Update • Oct 08
Warehouse Automation And Digitalization Will Transform Global Supply Chains
KION GROUP's analyst price target has been modestly increased from €58.75 to €59.73. This reflects analysts' improved outlook, driven by signs of steady revenue growth and recent upward revisions from major banks.Analysis Article • Oct 08
KION GROUP (ETR:KGX) Might Be Having Difficulty Using Its Capital Effectively
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...Analysis Article • Aug 29
Is KION GROUP AG (ETR:KGX) Trading At A 39% Discount?
Key Insights The projected fair value for KION GROUP is €92.96 based on 2 Stage Free Cash Flow to Equity KION GROUP is...Narrative Update • Aug 27
Warehouse Automation And Digitalization Will Transform Global Supply Chains
KION GROUP’s analyst price target has been modestly raised to €58.75 as stronger Q2 results, improved near-term outlook, and margin gains drive bullish sentiment—though valuation concerns persist after the recent share rally. Analyst Commentary Bullish analysts cite strong Q2 operational performance and improved near-term outlook as key drivers for increasing price targets.Analysis Article • Jul 26
Is KION GROUP AG (ETR:KGX) Potentially Undervalued?
While KION GROUP AG ( ETR:KGX ) might not have the largest market cap around , it led the XTRA gainers with a...
New Narrative • Dec 14
Eurofork Partnership And AI Focus Will Propel Automation Innovation And Boost Margins
Strategic partnerships and investments in automation and AI may boost KION's product offerings, innovation pace, and revenue growth.Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How KION GROUP makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 11,281 | 368 | 2,068 | 236 |
| 31 Dec 25 | 11,297 | 230 | 2,217 | 259 |
| 30 Sep 25 | 11,268 | 272 | 2,178 | 278 |
| 30 Jun 25 | 11,263 | 230 | 2,195 | 277 |
| 31 Mar 25 | 11,432 | 204 | 2,175 | 276 |
| 31 Dec 24 | 11,503 | 360 | 2,063 | 260 |
| 30 Sep 24 | 11,522 | 332 | 2,039 | 253 |
| 30 Jun 24 | 11,553 | 340 | 2,013 | 250 |
| 31 Mar 24 | 11,512 | 343 | 1,981 | 243 |
| 31 Dec 23 | 11,434 | 306 | 1,928 | 235 |
| 30 Sep 23 | 11,240 | 258 | 1,878 | 224 |
| 30 Jun 23 | 11,216 | 273 | 1,866 | 218 |
| 31 Mar 23 | 11,182 | 91 | 1,822 | 211 |
| 31 Dec 22 | 11,136 | 98 | 1,788 | 203 |
| 30 Sep 22 | 11,004 | 205 | 1,736 | 193 |
| 30 Jun 22 | 10,863 | 246 | 1,672 | 185 |
| 31 Mar 22 | 10,654 | 511 | 1,642 | 181 |
| 31 Dec 21 | 10,294 | 568 | 1,595 | 175 |
| 30 Sep 21 | 9,875 | 503 | 1,571 | 172 |
| 30 Jun 21 | 9,382 | 452 | 1,545 | 165 |
| 31 Mar 21 | 8,689 | 283 | 1,493 | 159 |
| 31 Dec 20 | 8,342 | 215 | 1,485 | 157 |
| 30 Sep 20 | 8,283 | 255 | 1,484 | 158 |
| 30 Jun 20 | 8,370 | 289 | 1,509 | 159 |
| 31 Mar 20 | 8,751 | 431 | 1,525 | 157 |
| 31 Dec 19 | 8,807 | 455 | 1,506 | 155 |
| 30 Sep 19 | 8,750 | 493 | 1,485 | 147 |
| 30 Jun 19 | 8,485 | 471 | 1,414 | 143 |
| 31 Mar 19 | 8,236 | 424 | 1,394 | 139 |
| 31 Dec 18 | 7,996 | 400 | 1,372 | 138 |
| 30 Sep 18 | 7,734 | 444 | 1,324 | 135 |
| 30 Jun 18 | 7,670 | 425 | 1,320 | 140 |
| 31 Mar 18 | 7,640 | 450 | 1,302 | 138 |
| 31 Dec 17 | 7,598 | 421 | 1,294 | 137 |
| 30 Sep 17 | 7,374 | 306 | 1,295 | 132 |
| 30 Jun 17 | 6,825 | 294 | 1,238 | 115 |
| 31 Mar 17 | 6,168 | 253 | 1,178 | 106 |
| 31 Dec 16 | 5,587 | 246 | 1,091 | 97 |
| 30 Sep 16 | 5,288 | 236 | 1,052 | 51 |
| 30 Jun 16 | 5,242 | 220 | 1,028 | 66 |
| 31 Mar 16 | 5,154 | 209 | 1,001 | 80 |
| 31 Dec 15 | 5,098 | 217 | 990 | 90 |
| 30 Sep 15 | 4,963 | 202 | 960 | 144 |
Quality Earnings: KGX has high quality earnings.
Growing Profit Margin: KGX's current net profit margins (3.3%) are higher than last year (1.8%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: KGX's earnings have declined by 8.2% per year over the past 5 years.
Accelerating Growth: KGX's earnings growth over the past year (80.6%) exceeds its 5-year average (-8.2% per year).
Earnings vs Industry: KGX earnings growth over the past year (80.6%) exceeded the Machinery industry 1.8%.
Return on Equity
High ROE: KGX's Return on Equity (6.1%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/19 06:06 |
| End of Day Share Price | 2026/07/17 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
KION GROUP AG is covered by 28 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Timothy Lee | Barclays |
| Lasse Stueben | Berenberg |
| Philippe Lorrain | Bernstein |