KION GROUP AG : No visibility and tough months ahead – Neutral (Outperform)
>Ugly profit warning leaves management baffled; FY 2022 adj. EBIT outlook provides 61% downside to consensus - KION announced yesterday evening a severe drop in profitability for Q3 2022 as well as FY 2022, primarily attributable to its SCS segment (turning negative, first time in history). KION expects Q3 2022 adj. EBIT to come in at -€ 100m to -€ 140m (ODDO BHF. -€ 107m), while FY 2022 adj. EBIT is now expected to be in a range of € 200m-€ 310m (ODDO BHF € 253m). KI...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.
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.
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