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Kion Group AG (KGX.DE)

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Latest Key Developments (Source: Significant Developments)

Kion says CFO Thomas Toepfer to leave for Covestro
Monday, 27 Nov 2017 10:34am EST 

Nov 27 (Reuters) - Kion Group AG says :KION GROUP CFO THOMAS TOEPFER TO JOIN COVESTRO AS OF APRIL 1, 2018.  Full Article

Kion CFO says project delays are short-term issue
Thursday, 19 Oct 2017 06:07am EDT 

Oct 19 (Reuters) - Kion CFO tells Reuters:Expects customers' project delays to be a short-term trend, not a fundamental shift.Monterrey factory now on track after start-up problems.Raw material prices rise has accelerated in Q3.Says strong growth in forklift truck business driven by Europe, China, South america, Turkey, Russia.  Full Article

Kion 9-month core profit margin widens to 9.9 pct
Thursday, 19 Oct 2017 01:36am EDT 

Oct 19 (Reuters) - Kion Group Ag :dgap-news: kion group publishes preliminary results for the first nine months of 2017 and slightly adjusts outlook.‍9M order intake was eur5.699 billion​.‍9M revenue of eur5.675 billion​.‍9M adjusted ebit was eur561.8 million, resulting in an adjusted EBIT margin of 9.9 percent​.  Full Article

Kion Group: ‍STILL CFO Birkner retires and is succeeded by Hofmann​
Friday, 6 Oct 2017 10:11am EDT 


Kion Group places new shares in amount of 8.55 pct of share capital at 64.83 euros per share
Monday, 22 May 2017 03:56pm EDT 

May 22 (Reuters) - Kion Group Ag :Successfully places new shares in amount of 8.55 per cent of share capital at 64.83 euros per share.  Full Article

Kion confirms FY outlook, Q1 EBIT margin rises to 8.4 pct
Thursday, 27 Apr 2017 01:01am EDT 

April 27 (Reuters) - Kion Group AG :Dynamic start into 2017.Sustained growth, both organic and as a result of dematic acquisition.Considerable rise in value of order intake to 1.88 billion eur in Q1 of 2017 (up by 45.1 percent).Strong growth in revenue to 1.81 billion eur (up by 48.4 percent).Adjusted EBIT margin improves from 8.1 percent to 8.4 percent.Strong free cash flow of 64.5 million eur.Outlook for 2017 confirmed.  Full Article

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

BRIEF-Kion Group, EP Equipment enter into strategic partnership