Outlook

The KION Group has made a strong start to 2023. The business performance of the Industrial Trucks & Services segment was much better than expected. The improving supply chain situation meant that production and delivery could be ramped up, which allowed the sizeable order book built up in 2022 to be worked through at a faster pace. The resulting effects of newer orders being brought forward are likely to continue to have a positive impact on revenue and adjusted EBIT in the Industrial Trucks & Services segment over the remainder of the year. The Supply Chain Solutions segment is expected to see a noticeable increase in revenue and an improvement in adjusted EBIT, especially in the second half of 2023, thanks to a growing proportion of higher-margin customer projects in the order book.

On April 19, 2023, the Executive Board of KION GROUP AG therefore revised, as shown below, the target figures for 2023 that it had published in the outlook section of the 2022 annual report for the Group and the Industrial Trucks & Services segment; the target figures for the Supply Chain Solutions segment remain unchanged:

The KION Group’s overall risk and opportunity situation has not changed significantly compared with the description in the 2022 combined management report. As things stand at present, there are no indications of any risks that could jeopardize the Company’s continuation as a going concern.