Highlights of the third quarter of 2016
KION Group reports solid quarterly results
- Total value of order intake goes up by around 6 per cent
- Order book grows by more than 20 per cent
- Revenue for the quarter rises by nearly 4 per cent year on year
- Adjusted EBIT improved by more than 4 per cent
- Adjusted EBIT margin reaches 9.9 per cent
- Net income increases by around 36 per cent
- Outlook for 2016 confirmed
Closing of Dematic acquisition proceeding according to plan
- Successful capital increase in July for the partial financing of the acquisition generates gross proceeds of €459 million
- Preparations for the integration of Dematic into the KION Group got under way as soon as the deal was signed
- Transaction expected to be closed in the fourth quarter of 2016
- Upon closing, the KION Group will have a unique and comprehensive product portfolio