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KION GROUP AG Cuts 2026 Outlook and Delays Mid-Term Targets

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KGX€35.49 3.47%

KION GROUP AG (XETR:KGX) lowered its full-year guidance for 2026 and pushed back its mid-term goals past 2027 following lower-than-expected third-quarter profitability. Preliminary third-quarter revenue reached approximately 2,835 million euros, matching expectations, but adjusted earnings before interest and taxes came in at around 203 million euros, missing market forecasts of 211 million euros.

The company attributes the outlook reduction primarily to weaker order intake in its Industrial Trucks & Services division during the third quarter. For the full year 2026, KION GROUP AG now forecasts group revenue between 11,450 million and 11,750 million euros, down from the previous range of 11,525 million to 12,025 million euros. Full-year adjusted EBIT expectations were trimmed to between 815 million and 875 million euros. Consequently, achieving a double-digit adjusted EBIT margin across the group and its operating segments is now expected later than 2027.

Investors will look for complete third-quarter performance details when KION GROUP AG releases its full third-quarter report on October 29, 2026.

Key points

  • KION GROUP AG lowered its 2026 adjusted EBIT forecast to between 815 million and 875 million euros, down from 880 million to 980 million euros.
  • Preliminary Q3 2026 adjusted EBIT came in at roughly 203 million euros, falling below market consensus of 211 million euros.
  • Weakness in Q3 order intake within the Industrial Trucks & Services segment drove the guidance cut.
  • The company delayed its goal of achieving a double-digit adjusted EBIT margin past 2027.

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Questions and answers

Why did KION GROUP AG lower its 2026 financial guidance?

The company reduced its outlook primarily because third-quarter order intake in the Industrial Trucks & Services segment did not materialize as expected.

When will KION GROUP AG publish its complete Q3 2026 results?

KION GROUP AG is scheduled to publish its full report for the third quarter of 2026 on October 29, 2026.