Figures for the first quarter of 2019 confirmed the expected normalisation of new truck business in the Industrial Trucks & Services segment. For 2019 as a whole, the KION Group continues to anticipate growth in the new industrial truck business, albeit at a rate that is closer to the long-term trend of around 4 per cent. Following the positive performance of the sectors relevant to the Supply Chain Solutions segment in the first quarter of 2019, the prediction is still for market growth in the high single digits.
Based on the forecasts for market growth, the KION Group is adhering to its expectation of further increases in revenue and adjusted EBIT, thereby building on its successful performance in 2018. Without exception, all of the targets specified in the outlook in the 2018 annual report are confirmed:
The order intake of the KION Group is expected to be between €8,250 million and €8,950 million. The target figure for consolidated revenue is in the range of €8,150 million to €8,650 million. The target range for adjusted EBIT is €805 million to €875 million. Free cash flow is expected to be in a range between €380 million and €480 million. The target figure for ROCE is in the range of 9.0 per cent to 10.0 per cent.
Order intake in the Industrial Trucks & Services segment is expected to be between €6,250 million and €6,450 million. The target figure for revenue is in the range of €6,050 million to €6,250 million. The target range for adjusted EBIT is €685 million to €720 million.
Order intake in the Supply Chain Solutions segment is expected to be between €2,000 million and €2,500 million. The target figure for revenue is in the range of €2,100 million to €2,400 million. The target range for adjusted EBIT is €190 million to €225 million.