by
Johanna Werner
In the second quarter of the financial year 2025, KION continued its trend of the first three months, reporting results in line with expectations.
Despite ongoing considerable macroeconomic and geopolitical uncertainties, customer demand increased: With € 6.206 billion (H1 2024: € 5.079 billion), order intake on KION level was considerably higher year-on-year. Revenue in both operating segments was slightly below prior year based on the lower level of the order book at the beginning of 2025.
With a record order intake in Supply Chain Solutions in the second quarter of 2025 and all key performance indicators in line with our outlook in the first half of this financial year, we are well on track to reach our targets. In a global economy that is highly digitally and physically interconnected, KION offers its customers the full spectrum of solutions to make their supply chains future-ready – flexible, resilient, and smart. KION is shaping world trade – globally, regionally, and locally – even in times of political and economic uncertainty.
Rob Smith, CEO of KION GROUP AGOrder intake at Industrial Trucks & Services was € 4.028 billion (H1 2024: € 3.770 billion), benefitting from both warehouse and counterbalance trucks in the new truck business and the continued growth in the service business. The significant increase in order intake at Supply Chain Solutions to € 2.201 billion (H1 2024: € 1.318 billion) included a record order intake of € 1.445 billion in the second quarter, driven by the project business and a continued growth in service business.
Group revenue in the first half of 2025 slightly declined by 4.2 percent to € 5.496 billion year-on-year (H1 2024: € 5.736 billion). In the Industrial Trucks & Services segment, revenue declined by 4.0 percent to € 4.135 billion (H1 2024: € 4.306 billion), mainly due to the normalized order book. Revenue in the Supply Chain Solutions segment declined by 4.5 percent to € 1.385 billion (H1 2024: € 1.451 billion) due to the lower order intake in the project business in the previous quarters. The service business achieved a significant increase year-on-year.
Adjusted EBIT on group level was € 385.0 million (H1 2024: € 447.0 million). The adjusted EBIT margin decreased to 7.0 percent (H1 2024: 7.8 percent). Adjusted EBIT in the Industrial Trucks & Services segment decreased to € 358.9 million (H1 2024: € 470.7 million) with an adjusted EBIT margin of 8.7 percent (H1 2024: 10.9 percent), mainly impacted by lower volumes and the year-on-year decline in the gross margin. At € 78.4 million, Supply Chain Solutions almost doubled adjusted EBIT year-on-year (H1 2024: € 42.1 million). The adjusted EBIT margin significantly improved to 5.7 percent (H1 2024: 2.9 percent). Key drivers of the increase in profitability were the strong growth in the service business and solid project execution.
Net income was € 47.9 million (H1 2024: € 181.7 million), significantly impacted by provisions for the efficiency program announced in February 2025. With € 161.9 million (H1 2024: € 202.2 million), free cash flow was clearly positive.
You can find our business results for Q2 2025 at a glance in our
More detailed information on business performance you can find in our
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