KION stock falls after Q3 warning as JPMorgan cuts target

Published on 10/03/2026 at 21:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

KION stock traded at EUR 35.81 on Xetra on October 2, 2026, after a profit warning. First-half revenue reached EUR 5.687 billion, up 3.5 percent.

Schwarzweiß-Reportagefoto eines Arbeiters mit Gabelstapler zwischen hohen Lagerregalen — KION Group (DE000KGX8881) dokumentiert im Schwarzweiß-Reportagestil einen Arbeiter beim Bedienen eines Gabelstaplers im Lager, Illustration mit AI erstellt.

KION stock (ISIN DE000KGX8881) fell 7.68 percent to EUR 35.81 on Xetra on October 2, 2026, after the company signaled weaker third-quarter profitability. The market reaction followed a warning that adjusted EBIT would trail analyst expectations, while JPMorgan cut its price target from EUR 70 to EUR 60 and retained its Overweight rating, according to Finanznachrichten on October 2, 2026.

Profitability pressure reaches trucks

Investing.com reported on October 2, 2026, that KION identified weaker profitability in Industrial Trucks and Services and higher corporate costs as the main factors behind the shortfall. The same report said low capacity utilization was pressuring margins in the truck division, adding a direct operational explanation for the share-price decline.

JPMorgan analyst Akash Gupta also expects a later recovery in Industrial Trucks and Services and sees higher growth risks in Supply Chain Solutions, according to Finanznachrichten on October 2, 2026. The unchanged rating matters because the target reduction reflects weaker near-term assumptions rather than a full withdrawal of long-term support.

Revenue grows while orders weaken

KION's first-half 2026 revenue rose 3.5 percent to EUR 5.687 billion, while adjusted EBIT reached EUR 429.6 million, as reported by Finanznachrichten. The counter-signal was the first-half order intake of EUR 5.8 billion, down from EUR 6.2 billion in the first half of 2025, making demand visibility the central issue behind the valuation reset.

KION's investor-relations page describes the company as a provider of industrial trucks, warehouse technology and supply chain solutions, with recurring service activities supporting its business model, according to KION. That mix gives the group exposure to both equipment demand and longer-cycle automation projects.

Third-quarter date sets next checkpoint

KION was last at EUR 35.81 on Xetra on October 2, 2026 at 5:35 p.m. CEST, with a session range of EUR 35.16 to EUR 39.82 and volume of 1,437,146 shares. The stock's 52-week range of EUR 35.16 to EUR 70.45 places the latest price at the lower boundary, while the next scheduled checkpoint is the Q3 2026 results release on October 29, 2026, listed by MarketScreener.