KION GROUP AG : Q4 order intake 6% ahead of cons., adj. EBIT up >100% (in line), FY 2024 outlook looks conservative (cons. expectation = adj. EBIT outlook mid-point)
>ITS adj. EBIT-margin remains >10% in Q4 23 & order intake increase (+16% y-o-y) would have been even higher without ~€ 70-80m negative one-off in SCS - KION reported a strong Q4 23 order intake increase of 16% y-o-y to € 2,947m, which is 6% above the consensus estimate of € 2,785m. This strong outcome reflects momentum recovery particularly in ITS, with an order intake increase of +29% y-o-y to € 2,176m (+8% vs. cons, no. of trucks +63% to 67m units), while SCS rem...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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