KION reported October 29 that third-quarter revenue increased 4.8% to €2.835 billion, while net income fell 14.8% to €101.6 million.
Adjusted earnings before interest and taxes rose 6.5% to €202.9 million, giving the group a 7.2% adjusted operating margin. Quarterly free cash flow declined to €98.9 million from €230.9 million a year earlier.
The Intelligent Automation Solutions segment reported a 15.8% revenue increase to €890.2 million and a 38.8% rise in adjusted operating earnings. Industrial Trucks & Services revenue increased 0.6%, while its adjusted operating earnings declined 4.4%.
Across the first nine months, group revenue rose 3.9% to €8.522 billion and net income reached €309.1 million, compared with €167.1 million a year earlier. Order intake fell 4.9% to €8.445 billion.
The statement retained the outlook revised on October 14: annual revenue of €11.45 billion–€11.75 billion and adjusted EBIT of €815 million–€875 million. That revision predates Thursday’s results. KION now expects its medium-term double-digit adjusted operating-margin target to be reached only after 2027.
Sources: KION — October 29 Results via EQS/Financial Times: https://markets.ptc.ft.markitdigital.com/data/announce/detail?dockey=600-202610290151DGAP____CORPNEWS_corporate_2424230_en-1