Financial position and financial performance

In the first quarter of 2025, the KION Group performed in line with the expectations set for the current year in terms of financial key performance indicators. Starting from a low order book position at the beginning of the year, revenue was moderately below the figure for the corresponding prior-year period in both operating segments. The Group was not able to maintain its profitability, measured by adjusted EBIT and the adjusted EBIT margin, at the same level as in the prior-year period due to the decline in gross margin in the Industrial Trucks & Services segment. On the liquidity front, the KION Group once again generated a positive free cash flow in the first three months of 2025.