Fundamentals of the KION Group

Preliminary remarks

The accounting policies used in this quarterly report are essentially the same as those used in the consolidated financial statements for the year ended December 31, 2023. The consolidated statement of financial position, the consolidated income statement, the statement of comprehensive income, and the statement of cash flows have been prepared in accordance with International Accounting Standard (IAS) 34 ‘Interim Financial Reporting’ and other International Financial Reporting Standards (IFRSs) as adopted by the EU. The reporting currency is the euro.

Management and control

In September 2024, the Supervisory Board of KION GROUP AG extended the appointment of the current CTO & President KION ITS Asia Pacific, Ching Pong Quek, by a further five years to June 30, 2030.

Dr. Shaojun Sun has been appointed as a Supervisory Board member for the period until the end of the Annual General Meeting in May 2025 following Xuguang Tan’s resignation from the Supervisory Board with effect from September 16, 2024.