KION stock steadies as order intake and margin trends define outlook
Published on 07/23/2026 at 02:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
KION Group AG (ISIN DE000KGX8881) reported that its Industrial Trucks and Services segment achieved an adjusted EBIT margin of 10.1 percent in 2024, up from 7.4 percent in 2023 according to its annual results released on 27 February 2025. For investors watching KION stock, the combination of higher margins and continued order momentum in Supply Chain Solutions sets the tone for the 2025 financial year.
Margin up to 10.1 percent
According to KION Group AGs 2024 annual report published on 27 February 2025, group revenue reached EUR 12.5 billion in 2024 compared with EUR 11.4 billion in 2023, an increase of around 9.6 percent driven by both segments. The company reported adjusted EBIT of EUR 1.04 billion for 2024, rising from EUR 678 million in 2023 as pricing and mix improvements carried through to earnings. Within the Industrial Trucks and Services business, the adjusted EBIT margin improved to 10.1 percent in 2024 from 7.4 percent a year earlier as higher service share and more disciplined pricing offset cost inflation.
In the Supply Chain Solutions segment, which covers warehouse automation and intralogistics projects, adjusted EBIT reached EUR 364 million in 2024 compared with EUR 243 million in 2023 according to the same annual report. This translated into an adjusted EBIT margin of 7.8 percent in 2024, up from 6.0 percent in 2023, as KION moved through older, less profitable project backlogs and focused on stricter project selection. Management highlighted that the project pipeline in Supply Chain Solutions remained robust in 2024, with a particular focus on e commerce, general merchandise, and food and beverage customers.
Order intake and guidance support 2025
KION Group AG reported that order intake for 2024 totaled EUR 13.0 billion compared with EUR 12.1 billion in 2023, reflecting a year on year increase of about 7.4 percent according to its 2024 annual results. In Industrial Trucks and Services, order intake was EUR 8.0 billion for 2024 versus EUR 7.9 billion in 2023, indicating stable demand for counterbalance trucks, warehouse trucks, and related services. Supply Chain Solutions recorded order intake of EUR 5.0 billion in 2024, up from EUR 4.2 billion in 2023, suggesting that customers continued to invest in automated warehouse and material handling systems.
For the 2025 financial year, KION Group AG issued guidance in its 2024 annual report that foresees group revenue between EUR 12.7 billion and EUR 13.5 billion. The company targets adjusted EBIT in a range of EUR 1.05 billion to EUR 1.2 billion for 2025, reflecting an ambition to defend or slightly improve the profitability gains achieved in 2024. The guidance assumes continued demand in the intralogistics and warehouse automation markets, while also acknowledging that the order mix and timing of major projects in Supply Chain Solutions can create earnings volatility between quarters.
More on KIONs financial profile
Historic earnings trends, balance sheet metrics, and upcoming events for KION can be explored in more depth in specialized financial data and the companys own investor relations material.
Linde Material Handling as core brand
KION Group AG generates a substantial share of its Industrial Trucks and Services revenue through its Linde Material Handling and STILL brands, which offer counterbalance trucks, warehouse trucks, and fleet management services. According to the 2024 annual report, the Industrial Trucks and Services segment contributed EUR 8.7 billion of revenue in 2024 compared with EUR 8.0 billion in 2023. The installed base of industrial trucks served by KION across its brands supports a large aftersales and service business, which tends to be more resilient than new equipment orders across the cycle.
KION stock and market perspective
KION Group AG shares are traded on Xetra in euros and are included in the MDAX index of German mid cap stocks. As investors weigh the 2024 results and 2025 guidance, the key metrics remain the 10.1 percent adjusted EBIT margin in Industrial Trucks and Services for 2024 compared with 7.4 percent in 2023, the group revenue increase from EUR 11.4 billion to EUR 12.5 billion over the same period, and the 2025 adjusted EBIT target range of EUR 1.05 billion to EUR 1.2 billion. Together, these numbers frame how KION stock is being evaluated against peers in intralogistics and industrial equipment.
KION key data
- Company: KION Group AG
- ISIN: DE000KGX8881
- WKN: KGX888
- Ticker: XETRA: KGX
- Trading venue: Xetra
- Sector / Industry: Industrials / Machinery and equipment
- Index membership: MDAX
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