Record income and strategically ...

Group ordering: 10.3 billion EUR, a decrease of 5% compared to the previous year.
Revenue: Record representative EUR11.5 billion EUR for the entire year 2024.
Packed EBIT: Rose by 16% to EUR 917 million; The margin improved by 110 basis points to 8%.
Free Cashflow: 702 million EUR, slightly over the past year, but exceeded the market expectations.
Win each share: EUR 2.75 EUR, an increase of 18%.
His segment turnover: 2.3 billion EUR, a decline of 1% compared to the previous year.
His segment adapted EBIT: EUR 245 million EUR with a margin of 10.6%.
SCS segment reception: recording: 624 million EUR, affected by customers.
SCS segment adapted EBIT: EUR 42 million EUR with a margin of 5.4%.
Group adapted EBIT for Q4: EUR 250 million with a margin of 8.2%.
Net income for Q4: 111 million EUR, profit per share of EUR 0.85.
Free Cashflow for Q4: Positive EUR271 million.
Net financial debt: Decreased by EUR 202 million to less than EUR 1 billion.
2025 sales advice: EUR 10.9 billion to EUR 11.7 billion.
2025 group -adjusted EBIT instructions: EUR 720 million at EUR 870 million.
2025 Free Cashflow Guidance: EUR 400 million to EUR 550 million.

Release date: February 27, 2025

You can find the complete copy of the earnings call in the complete earnings call.

In 2024, Kion Group AG (Kigry) achieved record sales of EUR 11.5 billion with an adjusted EBIT increase from 16% to EUR 917 million.
The result per share rose by 18% to EUR 2.75, and a dividend of EUR 0.82 is proposed, which maintains a distribution rate of approx. 30%.
The company has made considerable progress in operational and commercial agility and focused on innovation, digitization and artificial intelligence.
Kion Group AG (Kigry) improves its presence on the growing automation market through strategic partnerships with Nvidia and Accenture.
The company reported a strong free cash flow of EUR 702 million, which exceeded the capital market expectations, even though it was slightly below the previous year.

The recording of the group order took by 5% to EUR 10.3 billion, which was due to the subdued markets in both operating segments in 2024.
The segment of the segment recorded a decline in sales of 1% compared to the previous year, with the new truck business declining by 4%.
The order admission for the SCS segment was influenced by macro and political uncertainties by customers, with orders for business solutions decreased by 28%.
The company expects a temporary decline in the adjusted EBIT and the margins for its segment in 2025 due to the less favorable product and geography mix and the increased competition.
The Free Cashflow for 2025 is expected to be in the previous year due to bar drainage of an efficiency program.

Q: Can you explain the assumptions behind the truck sales outlook for 2025, especially with regard to the order levels that are required to achieve the upper end of the guidelines? A: Christian Harm, CFO: The income for 2025 is based on the order book that we have so far. The normalization of the order book means that the income follows the order admission all year round. We expect growth in different regions on unity. At the top of the area, we expect an order recording that resembles the previous year, while the lower end reflects a scenario in which the revival of the market does not occur as expected.

Q: In terms of the Warehouse Automation Project Pipeline, customer options is still a function of free capacity, especially in e-commerce? A: Richard Smith, CEO: The e-commerce players have grown into the capacity built in Covid. We return with large e-commerce customers to the medium-term capacity planning. This indicates that e-commerce players return to the market, which is a positive sign of the growth of the market for supply chain solutions.

Q: Can you explain the SCS sales prospects in more detail in view of the order admission in recent years? A: Richard Smith, CEO: The SCS Revenue Outlook is supported by the ongoing strong service growth and the ability to convert projects faster, especially from large e-commerce players. This enables us to convert some orders within the year and to support the upper end of the instructions.

Q: How should we look at the quarterly trajectory of his margins in 2025? A: Christian Harm, CFO: The first quarter of 2025 should have a relatively stronger scope for its segment compared to the subsequent quarters. The full impact of cost efficiency measures is implemented in 2026, whereby Q1 may be stronger than the following quarters.

Q: What effects do the intensification of the competition, especially Chinese competitors, have your company? A: Richard Smith, CEO: We see an increasing competition, especially in Eastern Europe, from Chinese competitors who come onto the market at various price points. However, this is not a significant shift from previous quarters because the competition on the market was always strong.

You can find the complete copy of the earnings call in the complete earnings call.

This article first appeared on Gurufocus.

Record income and strategically …

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