KION Cuts 2026 Outlook as Industrial Truck Orders Weaken
The group lowered its revenue and profit forecasts, while shifting its target for a double-digit adjusted margin to after 2027.
Key takeaways
- KION lowered its 2026 revenue forecast to €11.45 billion–€11.75 billion.
- The company expects to reach its double-digit adjusted EBIT margin target only after 2027.
KION lowered its 2026 forecast after order intake in its Industrial Trucks & Services segment fell short of expectations in the third quarter. The group now expects revenue of €11.45 billion to €11.75 billion and adjusted EBIT of €815 million to €875 million.
The company’s preliminary third-quarter figures show revenue of about €2.835 billion, in line with market expectations, while adjusted EBIT of about €203 million was below the €211 million consensus. Free cash flow was about €100 million, also below expectations.
KION said it now expects to reach its target of a double-digit adjusted EBIT margin for the group and both operating segments only after 2027. As of 08:39 UTC on Oct. 14, shares traded at €33.49, down 2.36% since the previous close.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
