KION Group beats expectations for 2019 with a strong year end

KION 集團在 2019 年表現強勁，業績強勁，超越預期

- 初步的、未經審計的結果顯示，2019年的預期已經實現，在某些情況下，情況輕松超過，主要是由強勁的年終推動

- 訂單接收總額可能約為91億歐元，同比增長約5%

- 收入增長近10%，至約88億歐元

- 調整后的息稅前利潤增長約8%，至約8.5億歐元

- 自由現金流約5.65億歐元

- 展望2020年：對中長期增長的戰略投資一年

Frankfurt/Main,January 17, 2020 - According to its preliminary, unaudited results, KION GROUPAG achieved its Group outlook for 2019 and, in some cases, comfortably exceededit. Despite a very difficult market environment, the KION Group's order intakerose by around 5 percent year-on-year and is likely to have reached around €9.1billion. This was attributable to a very good level of orders at the end of theyear in both of the Group's operating segments, Industrial Trucks &Services (IT&S) and Supply Chain Solutions (SCS). Order intake was thusabove the level set out in the outlook for 2019. Consolidated revenue jumped byalmost 10 percent to reach around €8.8 billion and was also higher than in theoutlook. Both operating segments contributed to the increase in revenue.

根據未經審計的初步結果，KION GROUP AG 實現了 2019 年集團目標預期，在某些情況下，輕松超越取得。盡管市場環境十分艱難，但KION集團的訂單量同比增長約5%，可能達到約91億歐元。這是由于集團兩個運營部門工業車輛（IT+S）和供應鏈解決方案（SCS）在年底的訂單量都非常好。因此，訂單攝入量高于2019年預期中規定的水平。綜合收入增長近10%，達到約88億歐元，也高于預期。這兩個運營部門都促進了收入的增長。

Adjusted EBIT islikely to have gone up by around 8 percent to stand at around €850 million. Theadjusted EBIT margin contracted slightly in 2019 to presumably around 9.6percent. One of the main reasons for this was the disproportionately stronggrowth in the new truck business and project business, which have lowermargins. Free cash flow amounted to around €565 million, a year-on-yearincrease of around 9 percent. This was significantly higher than in theoutlook. The robust level of free cash flow was driven by very healthy orderintake in the Supply Chain Solutions segment and the resulting advance paymentsfrom customers.

調整后的息稅前利潤可能上漲約8%，達到8.5億歐元左右。調整后的息稅前利潤率在2019年略有收縮，大概在9.6%左右。造成這種情況的主要原因之一是，新叉車業務和項目業務增長過快，利潤率較低。自由現金流約為5.65億歐元，同比增長約9%。這明顯高于預期。供應鏈解決方案部門非常健康的訂單接收以及由此帶來的客戶預付款推動了自由現金流的強勁水平。

"We are oneof the leading companies in our sector worldwide and, in 2019, we seized ouropportunities and continued to press ahead with the KION 2027 strategy despitethe challenging market conditions," said Gordon Riske, Chief ExecutiveOfficer of KION GROUP AG. "Building on our successes in 2019, we will befocusing on strategic investments for the future in the new financial year. Weare thus setting the course for our medium- and long-term growth."

KION GROUP AG 首席執行官 Gordon Riske 表示："我們是全球行業領先的公司之一，2019 年，我們抓住機遇，繼續推進 KION 2027 戰略，盡管市場環境充滿挑戰。"在 2019 年成功的基礎上，我們將在新的財政年度專注于未來的戰略投資。因此，我們正在為我們的中長期增長設定方向。

Preliminary business performance of the segments in 2019

In the Industrial Trucks & Services segment (industrial trucks, warehouse trucks,and related services), the KION Group brands took orders for around 214thousand new trucks in 2019. The significant market slowdown meant that thesegment was not fully able to match the very high figure reported for 2018(down by 1.4 percent). The total value of order intake increased by almost 2percent and is likely to be around €6.3 billion. Total segment revenue went upby almost 8 percent to around €6.4 billion and was thus higher than in the outlook.Adjusted EBIT is expected to be around €693 million, a year-on-year improvementof around 6 percent.

At around €2.8billion in 2019, order intake in the Supply Chain Solutions segment (automatedwarehouse systems) was around 14 percent up on the figure reported for theprior year and was much higher than in the outlook. Total segment revenue roseby around 16 percent to around €2.4 billion. The segment's adjusted EBIT isexpected to be around €228 million, a jump of around 27 percent, and exceeded theoutlook.

在工業叉車與服務領域（工業叉車、倉庫叉車和相關服務），KION 集團品牌在 2019 年接收了大約 21.4 萬輛新叉車的訂單。市場大幅放緩意味著該細分市場不能完全與2018年報告的高數據（下降1.4%）相匹配。訂單接收總額增長了近2%，可能約為63億歐元。總業務收入增長近8%，達到約64億歐元，因此高于預期。調整后的息稅前利潤約為6.93億歐元，同比增長約6%。

2019 年，供應鏈解決方案部門（自動化倉庫系統）的訂單量約為 28 億歐元，比上一年的數字高出約 14%，遠高于預期值。總業務收入增長約16%，達到約24億歐元。該細分市場的調整息稅前利潤預計在2.28億歐元左右。

Further investments under the KION 2027 strategy

"Oursuccesses in 2019 give us encouragement as we continue to forge ahead with ourKION 2027 growth strategy," Gordon Riske underlined. "In 2020, wewill be investing heavily in the expansion of production capacity worldwide. Weare also broadening our range of products and solutions so that we can fulfilleven better the specific needs of our customers across all industries andregions." The Chief Executive Officer went on to say that the KION Groupwould step up software development for automation solutions and, at the sametime, enhance its portfolio of energy systems. The ongoing expansion of theglobal sales and service network would also continue, as would the Group'sdigital transformation.

"我們在 2019 年的成功給我們以鼓勵，因為我們繼續推進 KION 2027 增長戰略，"Gordon Riske 強調道。"到 2020 年，我們將投入巨資擴大全球產能。我們還在擴大產品和解決方案的范圍，以便我們能夠更好地滿足所有行業和地區客戶的具體需求。KION集團會加強自動化解決方案的軟件開發，同時加強其能源系統組合。全球銷售和服務網絡的持續擴張也將繼續進行，集團的數字化轉型也將繼續進行。

Outlook for 2020

KION集團預計，鑒于地緣政治持續的不確定性和預期的經濟波動，今年全球工業叉車市場將相當平穩。相比之下，對供應鏈解決方案的需求應該會繼續上升。到 2020 年，KION 集團調整后的 EBIT 和自由現金流將受到旨在進一步擴大業務的大量戰略投資的負擔。KION集團將于2020年3月3日公布2019年最終財務業績和2020年展望。