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Ecommerce Order Boom Boosts KION Despite Slashed Revenues

Logistics Business Magazine

KION Group says it has recorded strong order intake in the first half of 2020 thanks to the e-commerce boom, despite a 10% drop in revenue caused by the pandemic and a 50% year-on-year drop in earnings versus 2019 H1. “The KION Group has a highly resilient business model. . – Free cash flow amounts to minus €219.6

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Riske: “KION better positioned than ever”

Logistics Business Magazine

At its Annual General Meeting, KION Group reflected on a financial year in which the Group managed to navigate the coronavirus pandemic in robust shape: “The KION Group has remained on course even through choppy waters. In early March 2020, the KION Group developed and implemented a package of health and safety measures.