Highlights of the second quarter of 2016
KION Group remains firmly on a path of profitable growth
- Total value of order intake improves by more than 8 per cent
- Order book grows by almost 17 per cent
- Revenue for the quarter rises by 7 per cent year on year
- Adjusted EBIT goes up by roughly 21 per cent
- Adjusted EBIT margin reaches 10.5 per cent, the highest level ever for a second quarter
- Net income rises by almost 22 per cent
KION Group prepares for the future by acquiring Dematic
- Acquisition of Dematic creates a world-leading provider of cutting-edge material handling solutions
- KION Group will offer a complete portfolio of material-handling solutions in future
- Dematic generated revenue of €1.6 billion and adjusted EBIT of around €150 million in the 2015 calendar year
- KION Group will be able to use the acquisition to strengthen its foothold in the Americas while continuing to drive business in Europe and Asia
- Transaction expected to be completed in the fourth quarter of 2016