KION GROUP AG : Q4 due 2 Mar. 2023 - Marking the turning point but path of recovery is bumpy
>Q4 2022 likely to mark the turning point, upper end of adj. EBIT outlook is in reach - We expect Q4 2022 to mark a turning point in terms of adj. EBIT (€ 177m swing factor q-o-q) and FCF recovery, while we expect a meaningful uplift to be unlikely before H2 2023. We lift our FY 2022 adj. EBIT forecast by 6% to € 305m, fuelled by expected € 32m positive impact from price renegotiations in Q4 2022 (was € 15m before) and leaving € 94m for Q4 2022 vs consensus (FactSet) ...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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