Kion Group AgXETR: KGX

KION GROUP AG: KION adjusts outlook for fiscal year 2026 and defers expected timing of mid-term targets beyond 2027

· Issued by KION Group AG via EQS

Summary by 6ix

On October 14, 2026, the Executive Board of KION GROUP AG reduced its outlook for fiscal year 2026 based on preliminary third-quarter results. KION says this is mostly because order intake in its Industrial Trucks & Services (ITS) segment for the third quarter did not materialize as expected.

Key details

  • New group outlook for 2026: revenue of € 11,450–11,750 million (July 2026 outlook: € 11,525–12,025 million), adjusted EBIT (operating profit) of € 815–875 million (was € 880–980 million), free cash flow of € 400–500 million (was € 420–540 million) and return on capital employed of 7.8%–8.4% (was 8.4%–9.4%).
  • Preliminary third quarter 2026: revenue of approximately € 2,835 million, in line with market expectations; adjusted EBIT of approximately € 203 million, below the Vara Research consensus of € 211 million; free cash flow of approximately € 100 million, against a consensus of € 106 million.
  • Third quarter 2026 by segment: ITS revenue of approximately € 1,955 million and adjusted EBIT of approximately € 163 million (consensus € 175 million). Intelligent Automation Solutions (IAS) revenue of approximately € 890 million and adjusted EBIT of approximately € 66 million, both in line with market expectations.
  • Segment outlook for 2026, which includes revenue and EBIT effects between the two segments: ITS revenue of € 8,100–8,300 million (was € 8,200–8,500 million) and adjusted EBIT of € 690–740 million (was € 765–835 million). IAS revenue of € 3,350–3,450 million (was € 3,325–3,525 million) and adjusted EBIT of € 230–250 million (was € 230–270 million).
  • Citing the revised outlook and prevailing market conditions, KION now expects to reach its mid-term targets later than 2027. These targets are a double-digit adjusted EBIT margin for the group and for both operating segments.

What’s still pending

  • All financial figures are preliminary.
  • The third-quarter 2026 report is scheduled for publication on October 29, 2026.

6ix wrote this summary from the release below and checked it against the release.

EQS-Ad-hoc: KION GROUP AG / Key word(s): Forecast / Full year/Results / Quarter
KION GROUP AG: KION adjusts outlook for fiscal year 2026 and defers expected timing of mid-term targets beyond 2027

14-Oct-2026 / 10:33 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group.
The issuer is solely responsible for the content of this announcement.


Disclosure of inside information pursuant to Article 17 of Regulation (EU) No 596/2014

Keyword(s): Outlook/Quarterly financials

KION GROUP AG
Thea-Rasche-Straße 8
60549 Frankfurt am Main
ISIN DE000KGX8881

KION GROUP AG: KION adjusts outlook for fiscal year 2026 and defers expected timing of mid-term targets beyond 2027

Frankfurt/Main, October 14, 2026

For the third quarter of 2026, the Executive Board of KION GROUP AG expects, on the basis of the preliminary results at the level of KION Group, revenue to be approximately € 2,835 million, in line with market expectations, and adjusted EBIT of approximately € 203 million, which is below market expectations (Vara Research consensus as of October 14, 2026: € 211 million). Free cash flow is expected to be slightly below market expectations at approximately € 100 million (Vara Research consensus as of October 14, 2026: € 106 million).

In the Industrial Trucks & Services segment (ITS), revenue is expected to be approximately € 1,955 million, in line with market expectations, and adjusted EBIT to amount to approximately € 163 million, which is below market expectations (Vara Research consensus as of October 14, 2026: € 175 million).

In the Intelligent Automation Solutions segment (IAS), revenue is expected to be approximately € 890 million and adjusted EBIT to be approximately € 66 million, both in line with market expectations.

Based on the preliminary results of the third quarter 2026, the Executive Board of KION GROUP AG has today reduced the current outlook for fiscal year 2026 as shown below. The adjustments are mostly due to the order intake in the ITS segment for the third quarter which did not materialize as expected.
 
 KION GroupIndustrial Trucks & ServicesIntelligent Automation Solutions
in € millionOutlook
October 2026
Outlook
July 2026
Outlook
October 2026
Outlook
July 2026
Outlook
October 2026
Outlook
July 2026
Revenue1 11,450–11,750 11,525–12,025 8,100–8,300 8,200–8,500 3,350–3,450 3,325–3,525
Adjusted EBIT1 815–875 880–980 690–740 765–835 230–250 230–270
Free
cash flow2
400-–500 420–540 – – – –
ROCE 7.8%–8.4% 8.4%–9.4% – – – –

1             Disclosures for the ITS and IAS segments also include intra-group cross-segment revenue and effects on EBIT.
2             The outlook 2026 was prepared in accordance with the definition of the key performance indicator free cash flow applicable from the 2026 fiscal year onward.

In light of the revised outlook for fiscal year 2026 and the prevailing market conditions, KION now expects to achieve the mid-term targets of a double-digit adjusted EBIT-margin on group level and both operational segments later than 2027.

All financial figures stated are preliminary. The report of KION GROUP AG for the third quarter of 2026 will be published as planned on October, 29, 2026.

Explanations and reconciliations of the key financial figures used can be found in the Annual Report 2025 of KION GROUP AG (available at https://www.kiongroup.com/en/Investor-Relations/Publications/), in particular on pages 39 et seq.

Disclosing persons:

Markus Georgi
Senior Vice President Investor Relations & KION Group Communications
Phone +49 (0)69 201 107 414
markus.georgi@kiongroup.com

Raj Junginger
Director Investor Relations
Phone +49 (0)69 201 107 942
raj.junginger@kiongroup.com


End of Inside Information

14-Oct-2026 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
View original content: EQS News


Language: English
Company: KION GROUP AG
Thea-Rasche-Straße 8
60549 Frankfurt/Main
Germany
Phone: +49 69 20110-0
E-mail: info@kiongroup.com
Internet: www.kiongroup.com
ISIN: DE000KGX8881
WKN: KGX888
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate BSX
LEI Code: 5299005KY91C4C6U9H17
EQS News ID: 2415604

 
End of Announcement EQS News Service

2415604  14-Oct-2026 CET/CEST

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