KION Group beats order expectations with 9% gain in Q1
KION Group reported stronger-than-expected order intake in the first quarter of 2026, with a 9% increase to €2.985 billion, surpassing analyst expectations amid geopolitical uncertainties related to the Iran war. Revenue was flat year-on-year at €2.771 billion, while adjusted EBIT rose 5.0% to €205.2 million, in line with consensus. The company maintained its full-year 2026 outlook and announced a strategic investment in Chinese robotics firm ZIKOO Robotics to expand its automation capabilities.
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Investing.com -- Kion Group AG (ETR:KGX) on Thursday reported first-quarter results that exceeded order intake expectations while confirming its full-year 2026 outlook despite ongoing geopolitical uncertainties from the Iran war. The German industrial truck and warehouse automation provider posted order intake of €2.985 billion, beating the analyst consensus of €2.728 billion by 9%. The strong performance was driven by both segments, with Industrial Trucks & Services up 4.2% YoY to €2.041 billion and Intelligent Automation Solutions surging 25.9% to €951.2 million. The company noted that some orders reflected pull-forward effects related to price increases announced for early April 2026 to offset rising costs from the Iran war.
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