KION cuts 2026 outlook and delays targets: KION stock gains 3.47 percent

Published on 10/14/2026 at 13:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

EBIT guidance is EUR 815-875 million for fiscal 2026. KION stock is EUR 35.49 on October 14, 2026, 3.47 percent above Xetra's EUR 34.30 close.

Outlook range moves lower

KION reduced its fiscal 2026 adjusted EBIT outlook on October 14, 2026.
Third-quarter adjusted EBIT was EUR 203.00 million against EUR 211.00 million consensus.
KION stock trades at EUR 35.49 at 1:01 p.m. CEST on October 14, 2026, 3.47 percent above the Xetra close of October 13, 2026.
The next quarterly report is scheduled for October 29, 2026.

Makroaufnahme von Stahlketten und Hydraulikzylinder mit Öltropfen — KION Group (DE000KGX8881) zoomt makrofotografisch auf Stahlketten und Hydraulikzylinder eines typischen Maschinenbau-Bauteils, Illustration mit AI erstellt.

KION (ISIN DE000KGX8881) is trading at EUR 35.49 at Lang & Schwarz on October 14, 2026 at 1:01 p.m. CEST, 3.47 percent above the Xetra close of October 13, 2026 at EUR 34.30. EQS News reported on October 14, 2026 that KION cut its fiscal 2026 outlook and delayed its double-digit adjusted EBIT margin targets beyond 2027.

Outlook range moves lower

The company now expects fiscal 2026 revenue of EUR 11.45 billion to EUR 11.75 billion, compared with EUR 11.525 billion to EUR 12.025 billion previously. Adjusted earnings before interest and taxes are now expected at EUR 815 million to EUR 875 million, down from EUR 880 million to EUR 980 million.

The immediate pressure came from Industrial Trucks and Services order intake in the third quarter, which did not develop as expected. KION also expects third-quarter adjusted EBIT of EUR 203 million, below Vara Research consensus of EUR 211 million, while preliminary revenue of EUR 2.835 billion was in line with expectations, according to MarketScreener on October 14, 2026.

What does the order shortfall mean?

The revised range matters because it lowers both ends of the full-year adjusted EBIT outlook by EUR 65 million at the bottom and EUR 105 million at the top. KION now expects its group and segment double-digit adjusted EBIT margin goals later than 2027, extending the period in which investors must weigh automation growth against weaker forklift order intake.

The latest analyst view shows that the valuation debate remains active. finanzen.ch reported on October 13, 2026 that UBS retained a Buy rating and a EUR 59.00 price target, while the cited analysis was dated October 12, 2026.

Three dated operating signals

Aktien-Global reported that KION's first-half 2026 revenue reached EUR 5.687 billion and adjusted EBIT EUR 429.60 million on July 30, 2026.

Finanznachrichten reported on October 5, 2026 that mwb research estimated third-quarter adjusted EBIT at EUR 209 million and cut its target from EUR 55.00 to EUR 51.00.

On October 14, 2026, KION reported preliminary third-quarter adjusted EBIT of EUR 203 million and reduced its fiscal 2026 outlook. The sequence shows an operating recovery that has not yet translated into the order intake needed to support the earlier margin timetable.

Dates for the next report

EQS News lists the third-quarter financial report for October 29, 2026 and the balance sheet press conference for March 4, 2027.

Stock gains as outlook resets

KION stock was trading at EUR 35.49 at Lang & Schwarz on October 14, 2026 at 1:01 p.m. CEST, up 3.47 percent versus the Xetra close of October 13, 2026 at EUR 34.30. The reference price is within the 52-week range of EUR 31.88 to EUR 70.45, while market capitalization is EUR 4.6 billion as of October 14, 2026. The further course of trading is shown by the continuously updated real-time quote of KION stock.