We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • ::COVID-19 COVERAGE::
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Subscriptions
    • Podcast
    • Webcasts
    • Blogs
      • Analytics & Big Data
      • Best Practices
      • Change Me
      • Empowering Your Performance Edge
      • The Logistics of Defense
      • Logistics Problem Solving
      • One-Off Sound Off
      • Public Sector Logistics
      • Two Sides of the Logistics Coin
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2020
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Subscriptions
    • Podcast
    • Webcasts
    • Blogs
      • Analytics & Big Data
      • Best Practices
      • Change Me
      • Empowering Your Performance Edge
      • The Logistics of Defense
      • Logistics Problem Solving
      • One-Off Sound Off
      • Public Sector Logistics
      • Two Sides of the Logistics Coin
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2020
    • Upload Your Video
Home » Kion reports 2.4 -percent increase in Q1 revenue
newsworthy

Kion reports 2.4 -percent increase in Q1 revenue

April 26, 2018
DC Velocity Staff
No Comments

German material handling giant Kion Group AG today reported a 2.4-percent increase in quarterly revenue despite a slowing in the pace of global demand for forklift trucks and warehouse technology, the firm said.

Frankfurt-based Kion posted US$2.23 billion in revenue in the first quarter, as strong demand in North and South America offset a slowing in growth rates in Europe and China, the company said.

Worldwide, Kion's orders for its Industrial Trucks and Services segment rose 7.3 percent, to around 53,500 units, marking the company's highest figure ever for a first quarter. However, Kion reports its results in euros and the impact of a weak U.S. dollar during that period depressed the value of those orders, the company said. Measured by value, Kion's first-quarter order intake for Industrial Trucks and Services—which includes forklift trucks, warehouse technology, and related services—was up 5 percent, to $1.8 billion.

Business was weaker in Kion's Supply Chain Solutions segment, which generated $480 million in revenue, a 14.1-percent decline compared to the same quarter in 2017. That segment includes automated material handling systems integrator Dematic, which was acquired by Kion in 2016.

However, Kion forecasts market growth for the remainder of 2018, and will continue to follow its "Kion 2027 strategy," Kion CEO Gordon Riske said in a statement.

Unveiled in March, the strategy calls for Kion to adapt, like other logistics and material handling firms, to the trends of digitization, automation, and the Internet of Things (IoT).

Material Handling Internal Movement Lift Trucks, Personnel & Burden Carriers
KEYWORDS Dematic KION Group
  • Related Articles

    Geodis Group reports 10-percent rise in e-commerce orders

    FedEx to raise ground parcel rates 4.9 percent; increase matches UPS' parcel hike

    Kion AG takes minority stake in Chinese truck maker EP Equipment

Recent Articles by DC Velocity Staff

Industrial businesses gearing up for post-pandemic rebound, sourcing stats show

Toyota creates autonomous vehicle company to handle e-commerce and labor trends

Shortage of ocean containers shows no sign of easing

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Roadrunner Freight bolsters LTL capabilities with $50 million in new backing

  • Southeastern Freight Lines Promotes Marty Cox to Service Center Manager in Cincinnati, Ohio

  • Pull back or go deeper—how the pandemic influenced shipper-3PL engagement

  • Boston Dynamics trials box-lifting robot for unloading trucks

  • The growing crisis in agriculture exports: interview with Peter Friedmann

Now Playing on DCV-TV

96b38742 832c 44a1 8a8c ca757c50105d

Making the Switch to Reusable Pallets in Your Supply Chain

DCV-TV 4: Viewer Contributed
Reusable plastic pallets offer food, beverage and CPG companies a hygienic, sustainable and reliable way to store and move product within their plants and beyond. In recent testing, plastic pallets can travel up to 200 trips versus alternative wood pallets that travel 11 trips. Attend to learn more about making the...

FEATURED WHITE PAPERS

  • Special Report: Supply Chain Trends in Retail & Consumer Goods

  • Fortify Your Operational Resilience

  • Cold Storage Automation: Leveraging Advanced Technologies to Meet Increasing Demand

  • The modern warehouse: Maximizing productivity and capacity

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2021. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing