DGAP-News: KION Group CEO Smith: ”The fundamental drivers of our industry are strong.”

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DGAP-News: KION GROUP AG / Key word(s): AGM/EGM
KION Group CEO Smith: ”The fundamental drivers of our industry are strong.” (news with additional features)

11.05.2022 / 14:06
The issuer is solely responsible for the content of this announcement.


KION Group CEO Smith: ”The fundamental drivers of our industry are strong.”

- KION GROUP AG looks back on the successful financial year 2021
at its virtual Annual General Meeting

- Dividend of 1.50 euros per share paid (2021: 0.41 euros)

- Sustainability firmly anchored in the Group's strategy

- Digitization and automation remain trends of the future

- All proposals by Supervisory Board and Executive Board approved by majority vote

 

Frankfurt am Main, May 11, 2022 – Premiere for the new CEO Rob Smith: At his first Annual General Meeting as CEO of KION GROUP AG, he looked back on the successful financial year 2021, which the Group closed with very good results. The strong performance in 2021 was also reflected in basic earnings per share of €4.34 (2020: €1.81). Investors will now participate in these successes: The Annual General Meeting approved the Executive Board's proposal to pay a dividend of 1.50 euros per share – a very significant increase of more than three times the previous year's figure (0.41 euros per share).

Sustainability as an essential part of corporate strategy

Looking at the company's prospects, the CEO highlighted, among other things, KION's expertise in electric drives and battery technology: “We are one of the most important providers of e-mobility in intralogistics – worldwide. Today, almost 90 percent of all new forklift trucks and warehouse trucks manufactured by the KION Group are electrically powered.” He added that lithium-ion technology and its further development were the focus of the company's own research and development. Two and a half years ago, KION and BMZ established the joint company KION Battery Systems in Karlstein am Main. At the end of April 2022, a new production line for 24-volt batteries was opened there, which will also be used to power the Group's warehouse equipment in the future. “This is high-tech made by KION – and in Germany,” added Smith.

Smith emphasized that sustainability is becoming increasingly important in society and industry – including at KION. Therefore, this important area for the future is firmly anchored in the KION Group's strategy as a separate and central field of action. “We bear responsibility – for the climate, the environment and society. Our sustainability expertise and progress are recognized – also in the capital market. “In 2021, the KION Group received a B rating from non-profit organization CDP and was awarded an A rating by MSCI ESG.” He also reported to shareholders that KION also commits itself to the implementation of its sustainability goals in terms of compensation: “20 percent of the variable remuneration of the Executive Board and executives is aligned with our sustainability goals.”

Digitization and automation remain trends of the future

Despite the economic and political challenges on a global level, Smith was confident about the future. He underlined KION's strong and global position as a leading full-service provider in intralogistics and supply chain solutions. “The fundamental drivers of our industry are strong: namely, continued growth in e-commerce, urbanization and the higher demands on delivery speed,” the CEO said.

Smith used several examples to explain to the shareholders how KION is shaping the future of intralogistics. For example, the Group has been working with the Fraunhofer Institute for years to develop successful solutions, including the Dematic multi-shuttle system used in many warehouses. “This system plays a decisive role in intralogistics today,” described the CEO and showed the example of the new high-performance multi-channel fulfillment center in Trecate, Italy. It distributes clothing and jewelry of leading fashion brands to 80 countries. It combines multiple automation systems from Dematic, including a 600.000 storage location Multishuttle, a 50.000 location pallet rack, a 3-module pouch system, 10 kilometers of conveyors and the full Dematic software suite. The entire complex is about the size of 22 soccer fields. “It is one of the most modern and fastest warehouses Dematic has built to date. We have set a benchmark worldwide with this,” Smith said.

A few months ago, the next project for the future was launched with the Fraunhofer institute: a new generation of driverless transport vehicles with enormous sorting performance, called LoadRunner, which KION wants to bring to market maturity. These are swarm robots for warehouses that are intended to revolutionize intralogistics with artificial intelligence.

“The vehicles are unusually fast. They also talk and work with each other. This makes them ideal for warehouse sorting tasks – for example, in parcel centers. KION is bringing a completely new technology into the warehouse: Swarm robotics,” Smith explained.

Proposals by Supervisory Board and Executive Board approved by majority vote

The majority of shareholders approved all the proposals put forward by the Supervisory Board and Executive Board. Around 200 shareholders and shareholder representatives followed the virtual Annual General Meeting of the KION Group.

Further information on the Annual General Meeting and all voting results can be found here:

https://www.kiongroup.com/en/Investor-Relations/Shareholders-Meeting/

https://www.kiongroup.com/en/Investor-Relations/Financial-News/


The Company

The KION Group is among the world’s leading suppliers of industrial trucks and supply chain solutions. Its portfolio encompasses industrial trucks such as forklift trucks and warehouse trucks, as well as integrated automation technology and software solutions for the optimization of supply chains, including all related services. Across more than 100 countries worldwide, the KION Group’s solutions improve the flow of material and information within factories, warehouses, and distribution centers.

The Group, which is included in the MDAX, is the largest manufacturer of industrial trucks in Europe in terms of units sold in 2021. In China, it is the leading foreign manufacturer (as measured by revenue in 2020) and number three overall. The KION Group is also one of the world’s leading providers of warehouse automation (as measured by revenue in 2020).

At the end of 2021, more than 1.6 million of the KION Group’s industrial trucks and more than 8,000 of its installed systems were in use by customers of various sizes and in numerous industries on six continents. The Group currently has around 40,000 employees and generated revenue of around €10.3 billion in 2021.

Current KION Group images can be found in our image database at https://mediacenter.kiongroup.com/categories and on the websites of our various brands.

(cs)


Disclaimer

This release and the information contained herein are for information purposes only and do not constitute a prospectus or an offer to sell or a solicitation of an offer to buy any securities in the United States or in any other jurisdiction.

This release contains forward-looking statements that are subject to various risks and uncertainties. Future results could differ materially from those described in these forward-looking statements due to certain factors, e.g. changes in business, economic and competitive conditions, regulatory reforms, results of technical studies, foreign exchange rate fluctuations, uncertainties in litigation or investigative proceedings, and the availability of financing. This applies in particular with regard to currently unforeseeable further developments of the Corona pandemic as well as the political situation in Ukraine, Russia and Belarus and the resulting effects on the Company as well as on the economy and politics in general in the markets in which the Company operates. We do not undertake any responsibility to update the forward-looking statements in this release.


Further information for the media

Frank Grodzki
Senior Director External Communications & Group Newsroom
Tel. +49 (0)69 201 107 496
Mobile +49 (0)151 65 26 29 16
frank.grodzki@kiongroup.com

Christopher Spies
Manager Corporate Communications
Mobile +49 (0)151 14 06 52 27
christopher.spies@kiongroup.com

 

Further information for investors

Sebastian Ubert
Vice President Investor Relations
Tel. +49 (0)69 201 107 329
sebastian.ubert@kiongroup.com

Fabian Giese
Senior Manager Investor Relations
Tel. +49 (0)69 201 107 491
fabian.giese@kiongroup.com


Additional features:

Picture: https://eqs-cockpit.com/c/fncls.ssp?u=ce96bf9e0b36525bb06233102784aac2
Subtitle: KION Group: AGM/HV 2022

File: KION Group_Press Release AGM 2022


11.05.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: KION GROUP AG
Thea-Rasche-Straße 8
60549 Frankfurt/Main
Germany
Phone: +49 69 20110-0
E-mail: info@kiongroup.com
Internet: www.kiongroup.com
ISIN: DE000KGX8881
WKN: KGX888
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1349713

 
End of News DGAP News Service

1349713  11.05.2022 

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