DGAP-Ad-hoc: KION GROUP AG / Key word(s): Change in Forecast
Key word Change in Forecast Wiesbaden - Today, the KION Group has slightly adjusted its outlook for the current financial year on the basis of its preliminary results for Q1-Q3 2017. The outlook has been adjusted because order intake and revenue in the Supply Chain Solutions segment fell short of expectations. Growth in the Industrial Trucks & Services segment was unable to compensate, even though it was stronger than anticipated. The weaker performance in the Supply Chain Solutions segment is mainly attributable to customers' hesitation to invest and delayed project decisions by customers. Order intake for the KION Group is now expected to be between EUR7,550 and EUR7,900 million (previously EUR7,800 to EUR8,250 million). The target figure for consolidated revenue is in the range of EUR7,400 to EUR7,700 million (previously EUR7,500 to EUR7,950 million). The target range for adjusted EBIT is between EUR715 and EUR765 million (previously EUR740 to EUR800 million). Free cash flow is expected to be in a range between EUR320 and EUR380 million (previously EUR370 to EUR430 million). The target figure for ROCE is in the range of 9.0 to 10.0 percent (previously 9.5 to 10.5 percent). Order intake in the Industrial Trucks & Services segment is expected to be between EUR5,650 and EUR5,800 million (previously EUR5,450 to EUR5,600 million). The target figure for revenue is in the range of EUR5,450 to EUR5,600 million (previously EUR5,300 to EUR5,450 million). The target range for adjusted EBIT remains unchanged at EUR605 to EUR630 million. Order intake in the Supply Chain Solutions segment is expected to be between EUR1,900 and EUR2,100 million (previously EUR2,350 to EUR2,650 million). The target figure for revenue is in the range of EUR1,950 to EUR2,100 million (previously EUR2,200 to EUR2,500 million). The target range for adjusted EBIT is between EUR170 and EUR195 million (previously EUR195 to EUR230 million). The outlook is based on the assumptions that material prices will not increase any further and that the exchange rate environment will remain stable.
Order intake is defined as the value of orders contracted in the relevant period. Wiesbaden, October 19, 2017
19-Oct-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | KION GROUP AG |
Abraham-Lincoln-Str. 21 | |
65189 Wiesbaden | |
Germany | |
Phone: | +49 (0)611 770-0 |
Fax: | +49 (0)611 770-690 |
E-mail: | info@kiongroup.com |
Internet: | www.kiongroup.com |
ISIN: | DE000KGX8881 |
WKN: | KGX888 |
Indices: | MDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
End of Announcement | DGAP News Service |
620393 19-Oct-2017 CET/CEST