German forklift maker Kion lowers 2026 revenue outlook on weak order intake

By Reuters News


Overview

  • Germany's industrial trucks and automation firm cuts 2026 outlook and delayed mid-term targets beyond 2027 due to weak order intake

  • IAS segment revenue expected to be approximately € 890 million

  • Expects to reach double-digit EBIT margin targets later than 2027


Outlook

  • KION cuts 2026 revenue outlook to €11.45–11.75 bln from €11.525–12.025 bln

  • KION lowers 2026 adj EBIT outlook to €815–875 mln from €880–980 mln

  • Company now expects to reach double-digit EBIT margin targets later than 2027


Result Drivers

  • WEAK ORDER INTAKE - Co said lower-than-expected order intake in ITS segment drove reduced outlook and delayed targets

  • IAS STABILITY - IAS segment revenue expected to be approximately € 890 million and adjusted EBIT to be approximately € 66 million


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

EUR 2.84 bln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the heavy machinery & vehicles peer group is "buy"

  • Wall Street's median 12-month price target for Kion Group AG is €51.00, about 48.7% above its October 13 closing price of €34.30

  • The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago


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  • Oct 12 - France's LVMH nine-month revenue slips amid weak Q3 demand in China

  • Oct 14 - German economy likely slowed in third quarter, ministry says


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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