Comparison between actual and forecast growth

The KION Group achieved, and in some cases significantly exceeded, the targets that it had set itself for its core KPIs in 2019.

The value of the KION Group’s order intake totalled €9,111.7 million, which was higher than the target range (€8,250 million to €8,950 million) specified in the outlook for 2019. This was due in no small part to the Group’s strong finish to the year. The level of orders was actually very good throughout the year, which meant revenue at €8,806.5 million was also above the expected range (€8,150 million to €8,650 million). At €850.5 million, adjusted EBIT was in the top half of the target range (€805 million to €875 million). Free cash flow amounted to €568.4 million and was therefore well above the 2019 target range (€380 million to €480 million). This made it possible to reduce the liquidity tied up in net working capital to a greater extent by the end of the year than had been expected. At 9.7 per cent, the KION Group’s ROCE was as predicted (target range: 9.0 per cent to 10.0 per cent).

In the Industrial Trucks & Services segment, revenue exceeded expectations, whereas order intake and adjusted EBIT were within the target ranges.

In the Supply Chain Solutions segment, order intake and adjusted EBIT were above the target range, whereas revenue was at the upper end of the range. > TABLES 007 – 008