Highlights of Q1 – Q3 2020
KION Group generates consistently strong level of order intake in the first nine months of 2020
- Total value of order intake rises by 2.8 percent year on year to €6.715 billion, despite the coronavirus pandemic
- At €4.144 billion, the order book is up by 14.1 percent compared with the end of 2019
- Revenue decreases by 8.0 percent to €6.000 billion due to the crisis
- Adjusted EBIT falls sharply year on year to €363.8 million (Q1–Q3 2019: €624.7 million)
- Adjusted EBIT margin declines from 9.6 percent to 6.1 percent
- Net income for the period remains well into positive territory at €132.5 million
- Free cash flow amounts to minus €114.3 million (Q1–Q3 2019: €53.0 million), partly due to acquisitions
- Funding structure strengthened by successful placement of a bond of €500.0 million on the capital markets
- Outlook for 2020 confirmed and quantified
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