Highlights of the second quarter of 2017
KION Group maintains profitable growth in the second quarter
- The KION Group continues its strong growth, both organically and as a result of the Dematic acquisition
- Value of order intake increases to €1.971 billion
- Significant growth in revenue to €2.016 billion
- Adjusted EBIT margin improves to 10.6 per cent
- Net income for the period rises to €108.2 million
- Strong free cash flow of €100.6 million in the first half of the year
- Outlook for 2017 confirmed
Successful capital increase and Dematic integration
- KION Group successfully completes capital increase – gross proceeds of around €603 million
- Integration of Dematic continues to make very good progress
- New KION Group including Dematic makes successful appearance at ProMat trade show in the US
- Rating agency Standard & Poor’s raises the KION Group’s credit rating to BB+ with a stable outlook
- KION Group pays its highest dividend ever of €0.80 per share