KION GROUP AG : Priced ex-growth, look ahead to 2023 – Pricing & SCS order pipeline
>Hampered order execution (& utilisation rates) but lifted service revenues - Order book execution has been the main reason for the withdrawal of the 2022 forecast, while order backlog in ITS reached a record high of € 3.2bn in Q1 22 (almost doubled y-o-y). Lead time in ITS was 9-12 months in February/March vs 3-4 months previously. Pressure on margins in SCS was primarily caused by ‘non-recurring’ inefficiencies (recruitment, equipment delivery and delays). However, ...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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