KION had cut 2026 outlook. KION stock falls 1.23 percent.

Published on 10/21/2026 at 09:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adjusted EBIT was EUR 203.00 million versus EUR 211.00 million. KION stock costs EUR 34.39 on October 21, 2026, 1.23 percent below Xetra close.

Earnings and guidance context

KION expected EUR 203.00 million adjusted EBIT against EUR 211.00 million consensus in the third quarter of 2026.
Fiscal-year 2026 adjusted EBIT guidance fell to EUR 815.00-875.00 million from EUR 880.00-980.00 million.
KION stock trades at EUR 34.39 at 9:44 a.m. CEST at Lang & Schwarz on October 21, 2026, 1.23 percent below the Xetra close of October 20, 2026.
KION will publish its third-quarter report on October 29, 2026.

Pop-Art-Comicillustration eines Gabelstaplers beim Anheben einer Palette im Lager — KION Group (DE000KGX8881) wird als farbenfrohe Pop-Art-Comicszene mit einem Gabelstapler im Lager dargestellt, Illustration mit AI erstellt.

KION (ISIN DE000KGX8881) was trading at EUR 34.39 at Lang & Schwarz on October 21, 2026, at 9:44 a.m. CEST, 1.23 percent below the Xetra close of October 20, 2026 at EUR 34.82. The company had cut its fiscal-year 2026 outlook on October 14, 2026, after weaker Industrial Trucks & Services order intake, according to MarketScreener.

The 2026 reset is deeper

KION now guides for fiscal-year 2026 revenue of EUR 11,450.00 million to EUR 11,750.00 million, compared with its previous range of EUR 11,525.00 million to EUR 12,025.00 million. Adjusted EBIT guidance fell to EUR 815.00 million to EUR 875.00 million from EUR 880.00 million to EUR 980.00 million. Free cash flow guidance was reduced to EUR 400.00 million to EUR 500.00 million from EUR 420.00 million to EUR 540.00 million, the company disclosure reported by MarketScreener said on October 14, 2026.

What do the orders mean for EBIT?

The preliminary third-quarter picture explains the pressure. Adjusted EBIT was EUR 203.00 million against Vara Research consensus of EUR 211.00 million, while free cash flow was EUR 100.00 million against EUR 106.00 million consensus. Industrial Trucks & Services generated adjusted EBIT of EUR 163.00 million versus EUR 175.00 million expected, while Intelligent Automation Solutions delivered EUR 66.00 million in line with expectations, according to Yahoo Finance.

KION also expects its double-digit adjusted EBIT margin targets to arrive later than 2027. The contrast between the two divisions matters: IAS revenue was EUR 890.00 million and adjusted EBIT EUR 66.00 million, both in line with expectations, while ITS order intake drove the downgrade.

October 29 brings the report

KION is scheduled to publish its third-quarter 2026 report on October 29, 2026. The release should provide the first complete view of the order shortfall and show whether the preliminary adjusted EBIT figure of EUR 203.00 million changes before publication, with all preliminary figures subject to the final report.

Price remains below the prior close

The price sits below the Xetra close while the upcoming report offers the next dated test of the revised outlook. KION's market capitalization was EUR 4.5 billion and its 52-week range was EUR 31.88 to EUR 70.45 as of October 21, 2026.

The further course of trading is shown by the continuously updated real-time quote of KION stock.