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Last €39.35 EUR
Change Today -0.227 / -0.57%
Volume 211.0K
As of 3:35 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

kion group ag (KGX) Snapshot

Open
€39.64
Previous Close
€39.58
Day High
€40.09
Day Low
€39.24
52 Week High
06/23/15 - €44.50
52 Week Low
10/15/14 - €24.80
Market Cap
3.9B
Average Volume 10 Days
249.3K
EPS TTM
€2.12
Shares Outstanding
98.9M
EX-Date
05/13/15
P/E TM
18.6x
Dividend
--
Dividend Yield
1.40%
Current Stock Chart for KION GROUP AG (KGX)

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kion group ag (KGX) Details

KION GROUP AG manufactures and sells forklift and warehouse trucks worldwide. The company operates through Linde Material Handling, STILL, Financial Services, and Other segments. It offers diesel and LPG gas forklift trucks, electric forklift trucks, warehouse handling equipment, platform trucks and tractors, and used trucks. The company also provides repair and maintenance services, as well as spare parts. In addition, it offers RFID, racking, automation, transport and truck control, and stock management systems, as well as IT and logistics, and fleet management solutions; and short and long term financing and leasing services, as well as truck rental services. The company provides its products and services under the Linde, STILL, Baoli, Fenwick, OM STILL, and Voltas brands. KION Group AG operates approximately 1,300 sales and service outlets in 100 countries. The company was formerly known as KION Holding 1 GmbH. KION GROUP AG was founded in 2006 and is headquartered in Wiesbaden, Germany.

22,963 Employees
Last Reported Date: 08/6/15
Founded in 2006

kion group ag (KGX) Top Compensated Officers

Chief Executive Officer, Member of The Execut...
Total Annual Compensation: €1.5M
Chief Financial Officer, Labor Relations Dire...
Total Annual Compensation: €900.0K
Chief Asia Pacific Officer and Member of Exec...
Total Annual Compensation: €971.5K
Compensation as of Fiscal Year 2014.

kion group ag (KGX) Key Developments

KION GROUP AG Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 2015; Confirms Earnings Guidance for the Full Year of 2015

KION GROUP AG announced consolidated earnings results for the second quarter and six months ended June 2015. Consolidated revenue increased by 9.8% in the second quarter to reach EUR 1.256 billion, a significant improvement on the previous year's level. Positive currency effects contributed EUR 41.4 million to revenue growth in the second quarter and EUR 72.8 million to revenue growth in the first and second quarter combined. In the second quarter of 2015, earnings before interest and tax (EBIT) increased by 6.3% to EUR 116.4 million, despite a court requiring the Company to expense EUR 6.5 million for a pay-out to a dealer in France whose contract was terminated in 2008. Net income in the period from April to June of this year amounted to EUR 52.5 million compared with EUR 32.8 million in the corresponding period of last year. This equates to an increase of 60.0%. Free cash flow declined from EUR 42.1 million in the second quarter of 2014 to EUR 28.8 million in the comparable period of 2015 The picture was similar for the first six months overall, with revenue for this period growing by 8.4% to EUR 2.421 billion. New truck business increased by 13.2% in the second quarter and by 10.5% in the first six months. Electric forklift trucks and warehouse trucks in particular exceeded clearly the previous year's level in the first half of 2015. The service business grew by nearly 6% both in the second quarter and in the first six months. EBIT also increased in the first six months overall, by 6.6% to EUR 209.8 million. The KION Group achieved net income of EUR 94.3 million in the first half of 2015, an increase of 55.7% on the prior-year level (2014: EUR 60.6 million). This result was driven not only by the strong growth in EBIT but also by the reduction in interest costs following the redemption of two corporate bonds in the second quarter of 2014. Earnings per share came to EUR 0.94 for the first half of the year (H1 2014: earnings per share of EUR 0.60). Free cash flow declined from EUR 19.8 million in the first half of 2014 to EUR 9.2 million in the first six months of this year. This was attributable to the seasonal and business-related increase in working capital and the expansion of the rental fleet aimed at supporting further growth. The KION Group confirmed the outlook for 2015 provided in the 2014 annual report, in which the Company expected a slight rise in order intake, revenue and adjusted EBIT compared with 2014. Furthermore, the KION Group expects that the adjusted EBIT margin will remain at its record prior-year level. Free cash flow is expected to be slightly below the strong level reported for 2014.

Kion Group AG Announces Board Changes

Wolfgang Faden was appointed to the board of Kion Group AG, with effect from August 1, 2015. He succeeds Johannes Huth. Huth stepped down from his post on July 31, 2015 after KION GROUP AG shares held in funds advised by KKR had been sold in full.

KION GROUP AG, Q2 2015 Earnings Call, Aug 06, 2015

KION GROUP AG, Q2 2015 Earnings Call, Aug 06, 2015

 

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Industry Analysis

KGX

Industry Average

Valuation KGX Industry Range
Price/Earnings 18.7x
Price/Sales 0.8x
Price/Book 2.2x
Price/Cash Flow 18.7x
TEV/Sales 0.4x
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