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 0.06%, which is lower than the industry average of 3.1%. 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. 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 Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to Mex$1,238, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 19x in the Machinery industry globally. Total returns to shareholders of 80% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Mex$1,530 per share. New Risk • Jul 04
New major risk - Revenue and earnings growth Earnings have declined by 5.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Shares are highly illiquid. Earnings have declined by 5.6% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (1.8% net profit margin). Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to Mex$994, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 17x in the Machinery industry globally. Total returns to shareholders of 8.9% over the past three years. 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 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 Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment improved over the past week After last week's 22% share price gain to Mex$689, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 15x in the Machinery industry globally. Total loss to shareholders of 44% over the past three years. Valuation Update With 7 Day Price Move • Nov 16
Investor sentiment deteriorated over the past week After last week's 18% share price decline to Mex$594, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 15x in the Machinery industry globally. Total loss to shareholders of 51% over the past three years. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment deteriorated over the past week After last week's 22% share price decline to Mex$720, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Machinery industry globally. Total loss to shareholders of 30% over the past three years. 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 5.4%, compared to a 34% growth forecast for the industry in Mexico. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 5% per year. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment deteriorated over the past week After last week's 18% share price decline to Mex$1,451, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 16x in the Machinery industry globally. Total returns to shareholders of 48% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Mex$2,339 per share. Reported Earnings • Mar 05
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 24% growth forecast for the industry in Mexico. 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 12% per year, which means it is well ahead of earnings. 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 21% per year, which means it is well ahead of earnings. Reported Earnings • Jul 31
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. 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 Mexican dividend payers (4.9%). Lower than average of industry peers (3.2%). 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. Is New 90 Day High Low • Mar 13
New 90-day high: Mex$1,947 The company is up 17% from its price of Mex$1,659 on 09 December 2020. The Mexican market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is Mex$2,726 per share. Reported Earnings • Mar 04
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. Analyst Estimate Surprise Post Earnings • Mar 04
Revenue beats expectations Revenue exceeded analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 11%, compared to a 69% growth forecast for the Machinery industry in Mexico. 
