Report
Markus Schmitt

KION GROUP AG : Kion keeps you uplifted

>A while ago a 4.7% yield for an IG issuer was signalling some sort of stress, but not anymore. Kion is a great asset, but risk compensation is not spectacular. We believe “ordinary” risk pockets such as (re-) occurrence of supply chain risks, elevated inflation, complex leasing and accounting and even a recession could be handled, while the looming China/Taiwan conflict, whose repercussions, if breaking out, would reflect a multiple of the Russia/Ukraine conflict, is tai...
Underlying
KION GROUP AG

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.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Markus Schmitt

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