KION shares
Strong outperformance
The stock markets had a volatile start to 2016. Cautious growth forecasts and an oil price that continued to decrease until mid-February triggered a sharp price correction, but prices then began to go up again. However, the DAX was unable to make up all of its initial losses and closed at 9,966 points, down by 7.2 per cent compared with the end of 2015. Despite a more positive trajectory, the MDAX also finished the quarter 1.8 per cent below its level at the end of last year.
KION shares delivered an encouraging performance in the first quarter of 2016, rising by 11.3 per cent to €51.24 (end of 2015: €46.02) and thus beating their benchmark indices. Having largely mirrored the MDAX in the first few weeks of trading and reaching their lowest price of €40.84 on 8 February, the shares then made disproportionately strong gains on the back of a positive market trend. This was due in part to the announcement of the annual results for 2015 along with the guidance ranges for 2016. The share price reached its highest point of the year so far of €51.34 on 30 March. At the end of March, market capitalisation stood at €5.1 billion, of which €3.1 billion was attributable to shares in free float. > DIAGRAM 01
