12.05.2016
KION GROUP AG DE000KGX8881
DGAP-News: KION AGM: Group sees itself ideally positioned to seize the opportunities of Intralogistics 4.0 (news with additional features)
DGAP-News: KION GROUP AG / Key word(s): AGM/EGM
KION AGM: Group sees itself ideally positioned to seize the opportunities of
Intralogistics 4.0 (news with additional features)
12.05.2016 / 13:01
The issuer is solely responsible for the content of this announcement.
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- Dividend set at EUR0.77 per share, an increase of 40 per cent
- Proposals from Supervisory Board and Executive Board approved with large
majority
- CEO Riske: "Intralogistics 4.0 is already a reality in the KION Group."
Wiesbaden/Frankfurt, 12 May 2016 - The KION Group sees itself ideally
positioned to seize the opportunities presented by the increasing
digitalisation and connectedness of intralogistics. "Intralogistics 4.0 is
already a reality in the KION Group," said the Chief Executive Officer of
the KION Group, Gordon Riske, at the Group's Annual General Meeting, which
was held in Frankfurt on Thursday. "By networking machines, products,
processes and logistics, we are creating the foundations for Industry 4.0.
The end result is intelligent supply chains and value chains."
The Annual General Meeting voted in favour of the Supervisory Board and
Executive Board's proposals with a large majority, including a dividend of
EUR0.77 per share. This equates to dividend growth of 40 per cent year on
year. The dividend payout rate is therefore 35 per cent, compared with 31
per cent in the previous year. In addition, the Annual General Meeting
elected Dr Christina Reuter as a member of the Supervisory Board. It also
renewed the authorisation to purchase treasury shares for a further five
years. This will enable more shares to be repurchased, for example for the
successful KION Employee Equity Programme. The almost 100 shareholders at
the Annual General Meeting represented 85.8 per cent of the share capital.
Numerous examples of innovation in the KION Group
In his speech, CEO Riske highlighted the KION Group's innovative strength.
He referred to the new KION plant in Stříbro in the Czech Republic, which
is a smart factory that uses state-of-the-art IT systems to control,
monitor and document processes. Riske also explained that, having acquired
automation specialist Egemin Automation and US systems integrator
Retrotech, the KION Group now covers the full spectrum of automation
solutions. The KION Group now has an autonomous order picker in its
portfolio in the shape of the award-winning iGo neo CX 20 from STILL.
Meanwhile, the trucks in the Linde brand's Matic series can navigate
without a driver and are controlled by robots. CEO Gordon Riske also cited
sophisticated fleet management systems as further examples of products that
increase efficiency and reduce costs for customers. "We are not interested
in innovation for innovation's sake," he emphasised.
Optimistic outlook for 2016
The CEO expressed his confidence about the current year. "We are expecting
to maintain our path of profitable growth in 2016," said Riske during the
Annual General Meeting. "We want to become yet more efficient in our
production and development processes, make even greater progress on
digitalisation and connectivity under our Strategy 2020 and thus further
consolidate and strengthen our global market position."
Website: kiongroup.com/mediasite
Twitter: @kion_group
The Company
The KION Group - comprising the seven brands of Linde, STILL, Fenwick, OM
STILL, Baoli, Voltas and Egemin Automation - 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. Egemin
Automation is a leading international logistics automation specialist.
The KION Group is present in more than 100 countries and, in 2015, employed
around 23,500 people and generated revenue of around EUR5.1 billion. KION
GROUP AG is listed on Deutsche Börse's Frankfurt Stock Exchange, the MDAX
(the German stock index for medium-sized companies) and the STOXX Europe
600 index, which comprises the 600 largest companies in Europe.
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.eqs.com/c/fncls.ssp?u=NVORBTGLSO
Document title: Download press release as PDF
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12.05.2016 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.
Media archive at www.dgap-medientreff.de and www.dgap.de
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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; Terminbörse EUREX
End of News DGAP News Service
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