KION GROUP AG : Q3 2024 first take: better orders - earnings beat not coming from main segments
>Headline KPIs – EBIT beat not coming from core segments, one-offs for EPS - Group sales came to € 2,699.2m (ODDO BHF: € 2,725.6m, css € 2,741m), about 1-2% below expectations, largely on SCS. KION's adj. EBIT was published at € 219.6m (ODDO BHF: € 202.7m, css € 205m), better by about 7-8%. This was induced by a little better SCS, but largely non-operating (consolidation). Rep. EBIT was released at € 193.7m (ODDO BHF: € 180.19m, css € 179m), 70bp better. The respectiv...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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