09.05.2018
KION GROUP AG DE000KGX8881
DGAP-News: KION Group to drive growth through digitalization - Annual General Meeting in Frankfurt
DGAP-News: KION GROUP AG / Key word(s): AGM/EGM
KION Group to drive growth through digitalization - Annual General Meeting
in Frankfurt (news with additional features)
09.05.2018 / 12:36
The issuer is solely responsible for the content of this announcement.
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* Dividend set at EUR0.99 per share, an increase of 24 percent
* All proposals from Supervisory Board and Executive Board approved with
large majority
* CEO Riske: "We are aligning our business to an increasingly digital
world"
Frankfurt, May 9, 2018 - The KION Group intends to step up its use of
digital technologies in its efforts to continue driving profitable growth.
"We are aligning our business to an increasingly digital world and
developing our digitalization strategy," said the Chief Executive Officer of
KION GROUP AG, Gordon Riske, at the Company's Annual General Meeting in
Frankfurt on Wednesday. "The digitalization of customer solutions, which
will even include fully automated warehouses incorporating robotics
solutions, will be accompanied by the digitalization of our internal
processes."
Shareholders approved the Supervisory Board and Executive Board's proposals
with a large majority, including a dividend of EUR0.99 per share. This is 24
percent higher than the dividend per share paid last year. In addition to
the relocation of the Company's registered office according to the articles
of association, following the relocation of the Group headquarters from
Wiesbaden to Frankfurt at the end of 2017, the Annual General Meeting also
approved a domination and profit and loss transfer agreement between KION
GROUP AG (the controlling enterprise) and KION IoT Systems GmbH (the
dependent company). IoT stands for Internet of Things - the term used to
describe the fusion of the physical and virtual worlds that represents a
genuine technological revolution. The approximately 130 shareholders at the
Annual General Meeting represented almost 80 percent of the share capital.
In his speech, the Chief Executive Officer stressed the importance of
digitalization with examples of products the Company has already developed,
as well as new initiatives. "Digitalization is not only becoming an
increasingly prevalent part of everyone's lives, but has also been firmly
established in our industry for some time- and of course that includes the
products of KION's brand companies," said Riske. To illustrate his point he
mentioned the Truck Call app from Linde Material Handling, which allows
fleet managers to assign orders to trucks digitally. STILL's nexxtFleet
system presents all relevant data about an industrial truck fleet in a clear
and easy-to-read form, and provides accurate analyses for the purpose of
optimization. Dematic's computer-based iQ Sprocket maintenance system is a
flexible solution that assists customers with their maintenance
requirements.
Outlining some of the initiatives in this area, the CEO highlighted the KION
Digital Campus, which opened at the start of the year. "The aim is to
provide an innovative working environment where we can drive forward the
process of digitalizing the KION Group," he explained, adding that other
focal points will include direct collaboration with customers and the
transfer of digital expertise within the Group. He also spoke about KION IoT
Systems GmbH, another strand of the Company's digital strategy. This is a
team of software and app developers, test engineers, and system architects
that has recently joined KION and has all the skills and expertise required
to develop innovative digital applications, from the generation of ideas to
the final implementation.
Digitalization is a central element of the KION 2027 strategy, which was
unveiled in March and follows on from Strategy 2020, launched in 2014.
Strategic fields of action include digital solutions and processes, energy
efficiency, new energy systems, and automation solutions. They are based on
a firmly established innovation culture and agile development processes
within the Group, and on high-performing products and efficient processes.
Positive outlook for 2018
Turning to the prospects for the current year, the CEO said that in 2018 the
Company aimed to build on its successful performance last year. "Based on
the forecasts for market growth, we will be seeking to achieve further
increases in order intake, revenue, and adjusted EBIT." The Group confirmed
its outlook for the year.
Website: kiongroup.com/mediasite
Twitter: @kion_group
The Company
The KION Group is a global leader in industrial trucks, related services and
supply chain solutions. Across more than 100 countries worldwide, the KION
Group designs, builds and supports logistics solutions that optimize
material and information flow within factories, warehouses and distribution
centers. The Group is the largest manufacturer of industrial trucks in
Europe, the second-largest producer of forklifts globally and a leading
provider of warehouse automation.
The KION Group's world-renowned brands are clear industry leaders. Dematic,
the newest addition to the KION Group, is a global leader in automated
material handling, providing a comprehensive range of intelligent supply
chain and automation solutions. The Linde and STILL brands serve the premium
industrial truck segment. Baoli focuses on industrial trucks in the economy
segment. Among KION's regional industrial truck brand companies, Fenwick is
the largest supplier of material handling products in France, while OM STILL
is a market leader in Italy, and OM Voltas is a leading provider of
industrial trucks in India.
With an installed base of more than 1.3 million industrial trucks and over
6,000 installed systems, the KION Group's customer base includes companies
in all industries and of all sizes on six continents. The Group has more
than 32,000 employees and generated revenue of around EUR7.7 billion in
2017.
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
Senior Vice President Corporate Communications
Tel: +49 (0)69 201 107 655
Mobile: +49 (0)151 1686 5550
[email protected]
Frank Brandmaier
Senior Director Corporate Media Relations
Tel: +49 (0)69 201 107 752
[email protected]
Further information for investors
Dr Karoline Jung-Senssfelder
Vice President, Head of Investor Relations and M&A
Tel: +49 (0)69 201 107 450
[email protected]
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Additional features:
Document: http://n.eqs.com/c/fncls.ssp?u=TTTVLVIESA
Document title: Download press release as PDF
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09.05.2018 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
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Language: English
Company: KION GROUP AG
Thea-Rasche-Straße 8
60549 Frankfurt/Main
Germany
Phone: +49 69 20110-0
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, Tradegate Exchange
End of News DGAP News Service
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