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, Specific financial forecast: KION shares will lose: KION again ventures forecast 2020 – decline in sales and EBIT expected | message, Forex-News, Forex-News
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Specific financial forecast: KION shares will lose: KION again ventures forecast 2020 – decline in sales and EBIT expected | message

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, Specific financial forecast: KION shares will lose: KION again ventures forecast 2020 – decline in sales and EBIT expected | message, Forex-News, Forex-News


, Specific financial forecast: KION shares will lose: KION again ventures forecast 2020 – decline in sales and EBIT expected | message, Forex-News, Forex-News

While sales, adjusted operating profit, cash flow and return on equity are in some cases significantly lower than the previous year’s figures, increases in incoming orders are possible. KION views the outlook in the Supply Chain Solutions segment as positive.

At the corporate level, the MDAX Group is now anticipating incoming orders of EUR 8.9 to 9.6 billion after EUR 9.1 billion in 2019. Sales should fall to EUR 7.85 to 8.45 billion from EUR 8.8 billion in the previous year. KION expects adjusted earnings before interest and taxes (EBIT) to be between EUR 465 million and EUR 545 million, which would be a significant decrease compared to the previous year’s figure of EUR 851 million. The return on equity (ROCE) is expected to be between 5.2 and 6.2 (previous year: 9.7) percent, and the free cash flow will decrease to 50 to 150 from 568 million euros.

In the Industrial Trucks and Service segment, which includes forklifts, a decline is expected in order intake as well as in sales and operating profit. In the Supply Chain Solutions segment, which includes warehouse logistics, for example, KION is expecting increases in all three indicators.

However, KION warned that due to the corona pandemic there was still “considerable uncertainty” in assessing business development. KION withdrew its original forecast for 2020 in spring due to the pandemic.

The KION share temporarily posted a decline of 2.49 percent to EUR 75.96 in XTERA trading on Tuesday.

DJG / mgo / sha

FRANKFURT (Dow Jones)

More news on the subject of KION GROUP AG

Image sources: KION GROUP



, Specific financial forecast: KION shares will lose: KION again ventures forecast 2020 – decline in sales and EBIT expected | message, Forex-News, Forex-News

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, Specific financial forecast: KION shares will lose: KION again ventures forecast 2020 – decline in sales and EBIT expected | message, Forex-News, Forex-News

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