Comparison between actual and forecast growth

In view of the positive trend in the main key performance indicators, the Executive Board of KION GROUP AG raised the outlook in mid-2021 that it had published in the 2020 annual report. However, there was no change to the target ranges for the Group’s free cash flow and for order intake in the Supply Chain Solutions segment.

Taking all key performance indicators into account, the updated outlook was achieved and, in the case of order intake, even exceeded. The KION Group’s order intake of €12,481.6 million was higher than the target range of €10,650 million to €11,450 million. At €10,294.3 million, consolidated revenue was near the upper end of the target range of €9,700 million to €10,300 million. Adjusted EBIT amounted to €841.8 million, also within its target range of €810 million to €890 million. Free cash flow reached €543.8 million with a target range of €450 million to €550 million. ROCE of 9.1 percent was at the lower end of the target range of 9.0 percent to 10.0 percent.

The results of the two operating segments were also all within the target ranges that applied from mid-2021, and some of the KPIs actually exceeded the target ranges. Order intake in the Industrial Trucks & Services segment amounted to €8,166.3 million, which was substantially higher than the target range of €6,850 million to €7,250 million. At €6,514.0 million, revenue was near the upper end of the target range of €6,250 million to €6,550 million. Adjusted EBIT amounted to €536.0 million, which was within the target range of €525 million to €565 million.

The order intake of the Supply Chain Solutions segment amounted to €4,329.4 million, thereby exceeding the target range of €3,800 million to €4,200 million. At €3,796.2 million, revenue was also slightly higher than the target range of €3,450 million to €3,750 million. Adjusted EBIT amounted to €409.5 million, which was within the target range of €385 million to €425 million.