Fundamentals of the KION Group
Management and control
There were no changes to the Company’s Executive Board or Supervisory Board in the quarter under review.
Strategy of the KION Group
The KION Group Strategy 2020, described in the 2015 annual report, is aimed at leveraging cross-regional and cross-brand synergies even more effectively and closing the gap on the global market leader by 2020. To achieve this, the KION Group is relying on its successful multi-brand approach, underpinned by a comprehensive modular and platform strategy. It is strengthening its presence in key markets and resolutely stepping up its activities in the fields of automation and service.
Furthermore, in order to entrench its position as most profitable supplier in the market, the KION Group aims to improve its EBIT margin so it is permanently in the double-digit range – a target that remains unchanged in communications since the IPO. Further details on the Strategy 2020 can be found in the 2015 group management report.
The establishment of the new CTO organisation was begun in late 2015. Following on from this, the KION Group’s new organisational structure is being put into place over the course of 2016. The Linde Material Handling EMEA and STILL EMEA operating units concentrate on Europe, the Middle East and Africa, while KION APAC and KION Americas hold cross-brand responsibility for the Asia-Pacific region and the Americas respectively. This new structure is helping to strengthen collaboration across all brands and regions and to make this collaboration even more efficient.