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Kion Group AG (KGX.DE)

KGX.DE on Xetra

62.51EUR
24 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Kion CEO says year has started well
Thursday, 2 Mar 2017 05:15am EST 

Kion Group Ag : Kion CEO says year has started well, January was good after a very strong Q4 . Kion CEO says even with higher US import tariffs, company would still be very competitive Further company coverage: [KGX.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Kion sees underlying operating profit rising this year
Thursday, 2 Mar 2017 12:59am EST 

Kion Group AG : Says hits new highs to achieve outlook - excellently positioned to seize new opportunities thanks to Dematic . New record results - excluding dematic - with revenue of eur5.3 billion and EBIT margin[1] of 9.9 percent in 2016 . Says strong free cash flow excluding Dematic . Says outlook excluding Dematic acquisition fully achieved for all KPIs . Including two months of revenue from Dematic, Kion achieves revenue of eur5.6 billion with an EBIT margin of 9.6 percent . Outlook for 2017: further growth and increased profitability . Proposed dividend of eur0.80 per share . Net income rose to eur246.1 million, an increase of 11.3 percent . Order intake expected to be between eur7.800 billion and eur8.250 billion . Target figure for consolidated revenue is in range of eur7.500 billion to eur7.950 billion . Target range for adjusted EBIT is eur740 million to eur800 million .Adjusted EBIT margin is predicted to increase above margin of 9.6 percent that was generated in 2016.  Full Article

Weichai Power updates on subscription of shares in Kion Group AG<000338.SZ>
Monday, 18 Jul 2016 06:32pm EDT 

Weichai Power Co Ltd <000338.SZ>: Discloseable transaction subscription of shares in Kion Group AG <2338.HK> . Company entered into an agreement with Kion . Says consideration payable by the company to Kion in respect of the subscription shall be approximately EUR275.6 million . Says consideration expected to be funded by borrowings . Number of the new Kion shares to be issued by Kion under the said share issuance represents 10% of the issued share capital of Kion .  Full Article

Kion Group AG places new shares in amount of 10 pct of the share capital at eur 46.44 per share
Monday, 18 Jul 2016 03:44pm EDT 

Kion Group AG: Places new shares in the amount of 10 per cent of the share capital at eur 46.44 per share . 9.9 million new shares were placed at a price of eur 46.44 each . 5.9 million new shares, corresponding to 60 per cent of the new shares, will be acquired by Weichai Power .Total gross proceeds from the capital increase amount to eur 459.3 million.  Full Article

Kion affirms 2016 goals after Q2 operating profit jump
Monday, 18 Jul 2016 01:03am EDT 

Kion Group AG : Order intake improves by more than 8 per cent to around 1.427 billion euros in Q2 . EBIT [1] grows by circa 21 per cent to 140.8 million euros . As at 30 June 2016, order book stood at 1.009 billion euros, which was 16.8 per cent higher than at end of 2015 . Fully confirms outlook for 2016 . Revenue increases by 7 per cent to approximately 1.344 billion euros . EBIT [1] margin improves significantly to 10.5 per cent .Net income in period from April to June of this year amounted to 64.0 million euros compared with 52.5 million euros in corresponding period of last year.  Full Article

Kion extends CEO's contract by five years
Thursday, 14 Jul 2016 02:03am EDT 

Kion Group AG : Says Gordon Riske to continue as chief executive officer until 2022 . Says supervisory board extends contract by five years Further company coverage: [KGX.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Weichai Power Co says unit entered into an agreement with Kion Group<000338.SZ><2338.HK>
Tuesday, 21 Jun 2016 10:14am EDT 

Weichai Power Co Ltd <000338.SZ>: Unit entered into the sale and purchase agreement . The consideration for the purchase of the sale securities under the sale and purchase agreement is expected to be US$2.1 billion . Underlying business to be acquired is the advanced material handling automation solutions business operated by DH Services .  Full Article

Kion says Weichai Power supports cap hike for Dematic buy
Tuesday, 21 Jun 2016 01:51am EDT 

Kion Group AG : Says equity issuance of up to 10 percent for Dematic acquisition to use entire currently existing authorized share capital . Equity issuance fully supported by major shareholder Weichai Power . Complementarity is source of cost synergies from combination Related news in Eikon: [ID:ASM00045J] Further company coverage: [KGX.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Kion Group confirms FY 2016 outlook
Wednesday, 27 Apr 2016 12:59am EDT 

Kion Group AG:Confirms the outlook for FY 2016 provided in the 2015 group annual report.  Full Article

Kion Group AG issues FY 2016 outlook in line with analysts' estimates, to propose FY 2015 dividend
Wednesday, 16 Mar 2016 08:00pm EDT 

Kion Group AG:Sees 2016 revenue of 5.20-5.35 billion euros.Sees 2016 adjusted EBIT of 510-535 million euros.Sees 2016 adjusted EBIT margin above 2015 level of 9.5 pct.Proposed dividend of 0.77 euros per sharefor FY 2015 - rise of 40 per cent.FY 2016 revenue 5,342 million euros - Thomson Reuters I/B/E/S.FY 2016 EBIT 519.15 million euros - Thomson Reuters I/B/E/S.FY 2016 EBIT margin 9.7 pct - Thomson Reuters I/B/E/S.  Full Article

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BRIEF-Weichai Power unit fully buys DH Services Luxembourg Holding S.à.r.l

* Says its overseas unit KION GROUP AG fully acquired DH Services Luxembourg Holding S.à.r.l