Contingent liabilities and other financial commitments

As at June 30, 2026, there were contingent liabilities in connection with guarantees and other declarations of liability amounting to €124.1 million (December 31, 2025: €105.5 million). Of this total, €97.8 million related to guarantees for down payments, contract performance, and warranty obligations (December 31, 2025: €76.3 million). These guarantees had been issued by banks, predominantly in connection with the project business of the Intelligent Automation Solutions segment.

The other financial commitments totaling €299.9 million (December 31, 2025: €269.3 million) included purchase commitments of €225.3 million under long-term license and maintenance agreements (December 31, 2025: €223.1 million), commitments of €57.8 million for capital expenditure on non-current assets (December 31, 2025: €41.8 million), and sundry other financial commitments of €16.8 million (December 31, 2025: €4.3 million).

On May 11, 2026, KION entered into an agreement to acquire the remaining shares in an equity investment previously classified as a joint venture. Completion of the transaction is subject to the usual approvals being obtained and is expected to take place within the next twelve months. The purchase consideration is in the mid-double-digit millions of euros.