KION Group’s earnings for the first nine months of 2022 affected by significantly higher costs in the project business in the third quarter
At €9.172 billion, order intake is up by 2.0 percent year on year in Q1–Q3 2022; customers postpone significant volume of orders in the project business in the third quarter
Revenue rises by 9.4 percent to €8.243 billion in Q1–Q3 2022 driven by a strong Industrial Trucks & Services segment
Adjusted EBIT falls sharply year on year to €210.6 million in Q1–Q3 2022 (Q1–Q3 2021: €691.1 million) due to ongoing supply chain disruptions and further increases in the cost of materials, energy, and logistics
Free cash flow is well into negative territory at minus €971.9 million in Q1–Q3 2022 (Q1–Q3 2021: €134.7 million) as a result of a significant increase in net working capital
KION Group intends to withdraw from all business in Russia
The outlook issued in September for 2022 as a whole is confirmed
