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

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

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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(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.)