Kion Group Ag Unsp/Adr (KIGRY) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the QION Group Quarter 1, 2026 update call and live webcast. I am Chloe, the course call operator. I would like to remind you that all participants will be in listen-only mode and the conference is being recorded. The presentation will be followed by a Q&A session. You can register for questions at any time by pressing star then 1 on your telephone. For operator assistance, please press star and 0. must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Rob Smith. Please go ahead. Thank you, Chloe. And good afternoon, ladies and gentlemen. Welcome to our update call and webcast on the first quarter of 2026. Please refer to our update call presentation on the IR website if you're joining by telephone. I'm going to start with a quick summary on the first quarter of 26 and talk about some recent business highlights. And then Christian's going to take you through the detailed Q1 financials and reiterate our guidance for 2026, and I'll be back for some key takeaways, and we're looking forward to the Q&A thereafter. Starting on page three, please. Dion had a positive start into 2026, in line with our expectations. Order intake was 3 billion euros, driven by both segments. Revenue was slightly below the prior year order level. Adjusted EBIT was 205 million euros, corresponding to an adjusted EBIT margin of 7.4%. Both ITS and IAS segments contributed to the increased profitability. And free cash flow was positive at 47 million euros, and included the cashed out for the efficiency program and higher incentive payments. On page four, let's talk about the exciting things that are going on at Kion right now. In the context of our strategic collaboration with NVIDIA and Accenture, Lighthouse Physical AI pr...