12.05.2015
KION GROUP AG DE000KGX8881
DGAP-News: KION Group Annual General Meeting: encouraging progress report for the Strategy 2020 (news with additional features)
DGAP-News: KION GROUP AG / Key word(s): AGM/EGM
KION Group Annual General Meeting: encouraging progress report for the
Strategy 2020 (news with additional features)
12.05.2015 / 14:05
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- Proposals from Supervisory Board and Executive Board approved at second
Annual General Meeting with large majority
- Dividend set at EUR0.55, an increase of 57 per cent
- Strategy 2020: even greater emphasis on growth, customer satisfaction,
quality and innovation
Wiesbaden/Frankfurt, 12 May 2015 - The KION Group can report encouraging
progress on implementation of its Strategy 2020. At the Company's Annual
General Meeting in Frankfurt on Tuesday, one of the milestones highlighted
by Chief Executive Officer Gordon Riske was the acquisition of the Handling
Automation division of the Egemin Group, a Belgian automation specialist.
"This step strengthens our expertise in the up-and-coming field of system
solutions and automation," he said.
The second Annual General Meeting since the IPO in June 2013 voted in
favour of the Supervisory Board's and Executive Board's proposals with a
large majority, including a dividend of EUR0.55 per share. This equates to
dividend growth of around 57 per cent. The dividend payout rate is
therefore 31 per cent, compared with 25 per cent in the previous year. It
plans to progressively increase the dividend payout rate to 35 per cent. Ms
Xu Ping and Ms Birgit Behrendt were elected as members of the Supervisory
Board by a resolution of the Annual General Meeting. The approximately 120
shareholders represented 80,4 per cent of the voting share capital.
Ongoing improvement of competitiveness
The Chief Executive Officer stressed in his speech that the KION Group was
preparing for further growth by investing millions in the core plants of
the KION brands Linde and STILL and by building a new KION factory in the
Czech Republic. He added that the KION Group was on track with the
introduction of new models on the basis of global truck platforms and the
deployment of lithium-ion batteries in full production. One of the two
largest suppliers of forklift trucks, warehouse technology and associated
services, the KION Group has also continued to forge ahead with its
regional growth strategy in Asia and North America.
"All of these steps are designed to achieve clear objectives: we are
placing greater emphasis on profitable growth, customer satisfaction,
quality and innovation than ever before," stated Riske. "In order to
continue improving our KPIs, we will step up our endeavours to become even
more competitive in 2015. This is a particular aim in our home market of
Europe, where we constantly face the highest cost increases."
The KION Group unveiled its Strategy 2020 just over a year ago. It focuses
on growth, profitability, efficient use of capital and resilience to
crises.
Confident outlook for 2015
CEO Gordon Riske showed his confidence about the current year. "We will
continue to forge ahead with implementing our Strategy 2020 so that we can
achieve yet another record-breaking year," he said. The KION Group expects
stabilisation of unit sales in its core market of western Europe, further
growth in the emerging markets of Asia and healthy market conditions in
North America.
The Company
The KION Group - comprising the six brands of Linde, STILL, Fenwick, OM
STILL, Baoli and Voltas - is the largest manufacturer of industrial trucks
in western and eastern Europe, the global number two in the industry and
the leading non-domestic supplier in China. The Linde and STILL brands
serve the premium segment worldwide. Fenwick is the largest supplier of
material handling products in France, while OM STILL is a market leader in
Italy. The Baoli brand focuses on the economy segment, and Voltas is a
leading provider of industrial trucks in India. The KION Group is present
in more than 100 countries and, in 2014, employed almost 23,000 people and
generated revenue of around EUR4.7 billion. KION GROUP AG has been listed
on Deutsche Börse's Frankfurt Stock Exchange since June 2013 and was
admitted to the MDAX, the German stock index for medium-sized companies, in
September 2014.
Disclaimer
This document 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. We do not undertake any responsibility to
update the forward-looking statements in this release.
Further information for the media
Michael Hauger
Head of Corporate Communications
Tel.: +49 (0)611 770 655
[email protected]
Frank Brandmaier
Head of Corporate Media Relations
Tel.: +49 (0)611 770 752
[email protected]
Further information for investors
Frank Herzog
Head of Corporate Finance
Tel.: +49 (0)611 770 303
[email protected]
Dr Karoline Jung-Senssfelder
Head of Investor Relations and M&A
Tel.: +49 (0)611 770 450
[email protected]
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Additional features:
Document: http://n.equitystory.com/c/fncls.ssp?u=TOWTCCQXRM
Document title: Download press release as PDF
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service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: KION GROUP AG
Abraham-Lincoln-Str. 21
65189 Wiesbaden
Germany
Phone: +49 (0)611 770-0
Fax: +49 (0)611 770-690
E-mail: [email protected]
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
End of News DGAP News-Service
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