Kion's 2Q Shows Margin Improvement and a Pickup in Revenue on Dematic; Shares Still Attractive
Kion's second-quarter results surprised the more bearish side of consensus on revenue growth and EBIT margin expansion. This year has been tricky for the market to digest the company's quarterly results as it is the first full year of consolidation of Dematic (Kion's warehouse automation equipment business), which has a lumpier revenue flow compared with the forklift business. One generates single orders in the thousands, the other often in the millions. For the full year, we remain at the high ...Kion Group AG Formerly known as Kion Group AG (Pre-Reincorporation). Kion Group AG is a Germany-based supplier of industrial trucks, related services and supply chain solutions. The activities of the Company are divided into three segments: Industrial Trucks and Services, Supply Chain Solutions and Corporate Services. The Industrial Trucks and Services segment comprises forklift trucks, warehouse technology, counterbalance trucks, towing vehicles, as well as automated trucks and autonomous trucks. It operates through three international brands: Linde, STILL and Baoli, as well as through three regional brands: Fenwick (France), OM STILL (Italy) and OM Voltas (India). The Supply Chain Solutions segment offers integrated technology and software solutions, picking equipment, automated storage and retrieval systems, sorters, and conveyors, marketed under the Dematic brand. The Company is active in more than 100 countries across the world.
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