KION GROUP AG: Consolidated net income for Q2/2024 expected below market expectations
2024-07-10 / 12:44:10
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
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
