KION has made very good progress in both operating segments and at the KION level since the difficult year of 2022, which was characterized by high inflation and disruptions to global supply chains. The measures to increase operational and commercial agility have proven successful and 2024 was a strong year for the company.
2025-02-27
The KION Group finished the financial year 2024 with strong results: With slightly improved revenue of € 11.503 billion (2023: € 11.434 billion), adjusted EBIT significantly increased to € 917.2 million (2023: € 790.5 million). The adjusted EBIT margin rose to 8.0 percent (2023: 6.9 percent). Free cash flow was € 702.0 million (2023: € 715.2 million), driven by the strong results and a substantial decrease in net working capital. Net income increased year on year to € 369.2 million (2023: € 314.4 million).
We have made very good progress in both operating segments and on KION level since the difficult year 2022, which was impacted by high inflation and severe supply chain disruptions. Our operational and commercial agility measures have proven to be successful, and 2024 was a strong year for us.
The Industrial Trucks & Services segment increased revenue by 1.5 percent to € 8.609 billion (2023: € 8.480 billion), mainly driven by the service business. Revenue in the Supply Chain Solutions segment declined by 1.8 percent to € 2.943 billion (2023: € 2.997 billion) due to subdued order intake in the project business (Business Solutions) during recent quarters while the service business (Customer Services) continued to grow.
The adjusted EBIT margin of Industrial Trucks & Services was 10.7 percent (2023: 10.0 percent), following an adjusted EBIT of € 917.5 million (2023: € 848.5 million). Supply Chain Solutions more than doubled the adjusted EBIT margin to 3.8 percent (2023: 1.5 percent) based on an adjusted EBIT of € 112.9 million (2023: € 44.3 million).
KION shareholders will benefit from the strong financial year 2024: The Executive Board and Supervisory Board of KION GROUP AG will propose a dividend of € 0.82 (2023: € 0.70) per share for the 2024 financial year at the Annual General Meeting on May 27, 2025. This corresponds to a total dividend payout of € 107.5 million. The payout ratio amounts to around 30 percent on earnings per share of € 2.75 for the 2024 financial year and remains within the targeted payout corridor of 25 percent to 40 percent.
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