FRANKFURT (dpa-AFX Broker) - A disappointing order intake in the first quarter weighed on the shares of Kion on Thursday morning.

On the Tradegate trading platform, the shares of the forklift truck group slipped by around 8 percent to 43.61 euros. The correction from the two-year high in March is thus gathering pace. Kion shares currently appear to be returning to their 100-day line. Jungheinrich was also weak in the wake.

However, Baader expert Peter Rothenaicher tried to reassure investors in his first commentary. Although incoming orders were weak, profitability in the Industrial Trucks & Services (ITS) division was strong. The unchanged annual targets appear to be well within reach./ag/stk

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