Kion Grp

Analyst updates, 04.11.

⬆️⬆️⬆️

- BERENBERG raises the target price for SHELL from GBP 31 to GBP 31.50. Buy. | $SHEL (+1,41 %)

- BERENBERG raises the price target for MTU from EUR 270 to EUR 350. Buy. | $MTX (+1,36 %)

- BRYAN GARNIER raises the price target for HELLOFRESH from EUR 8.50 to EUR 10. Neutral. | $HFG (-5,04 %)

- DEUTSCHE BANK RESEARCH raises the price target for SCOUT24 from EUR 84 to EUR 92. Buy. | $G24 (-0,06 %)

- DEUTSCHE BANK RESEARCH raises the price target for SANTANDER from EUR 5.75 to EUR 5.80. Buy. | $SAN (+0,23 %)

- RBC raises the target price for NEXT PLC from GBP 105 to GBP 108. Sector Perform. | $NXT

- UBS raises the price target for CHEVRON from USD 192 to USD 194. Buy. | $CVX (+0,88 %)

⬇️⬇️⬇️

- UBS lowers the price target for BERKSHIRE HATHAWAY from USD 806.724 to USD 796.021. Buy. | $BRK.B (+1,12 %)

- CITIGROUP lowers the price target for STMICRO from EUR 36 to EUR 30. Buy. | $STMPA (+0,58 %)

- JPMORGAN lowers the price target for ASM INTERNATIONAL from EUR 806 to EUR 716. Overweight. | $ASM (+1,39 %)

- RBC downgrades CARL ZEISS MEDITEC from Outperform to Sector-Perform and lowers target price from EUR 85 to EUR 70. | $AFX (-4,37 %)

- WARBURG RESEARCH lowers the price target for KION from EUR 65 to EUR 58. Buy. | $KGX (-2,89 %)

- ODDO BHF downgrades JENOPTIK from Neutral to Outperform and lowers target price from EUR 32 to EUR 30. | $JEN (+0 %)

- ODDO BHF lowers the price target for AIXTRON from EUR 22 to EUR 21. Outperform. | $AIXA (-2,94 %)

- ODDO BHF lowers the price target for FIELMANN from EUR 45.70 to EUR 44.60. Neutral. | $FIE (-0,63 %)

- HAUCK AUFHÄUSER IB lowers the price target for KNORR-BREMSE from 65.50 EUR to 63.60 EUR. Sell. | $KBX (+0,73 %)

- GOLDMAN downgrades STANDARD CHARTERED to Neutral. Target price GBP 9.37. | $STAN (+1,55 %)

- GOLDMAN lowers the price target for GENERALI from EUR 31.50 to EUR 30.50. Buy. | $G (+0,6 %)

- GOLDMAN lowers the price target for PHILIPS from EUR 35 to EUR 32. Buy. | $PHIA (+0,84 %)

As every Sunday, the most important news from the past week, as well as the dates for the coming week.

Also as a video:

https://youtube.com/shorts/daFPRwE-j8E?si=rm959Ks8BvcSsCC6

Sunday:

Strong competition is causing profits in China's automotive industry to slump. In addition, data continues to point to high deflationary pressure and subdued demand for credit. China's economy is probably recovering more slowly than expected. The quarterly figures for car manufacturers and the luxury industry have already hinted at this development.

https://www.handelsblatt.com/politik/konjunktur/konjunktur-chinas-industriegewinne-brechen-ein/100083447.html

Monday:

As Israel has spared Iran's oil facilities, the price of oil falls significantly. The markets are thus pricing in an increasing escalation of the conflict.

https://www.t-online.de/finanzen/aktuelles/wirtschaft/id_100518666/oelpreis-sinkt-aktuell-trotz-angriff-auf-iran-schwaches-china-als-ursache.html

Tuesday:

$GOOGL (-5,23 %) Alphabet once again surprises analysts in a positive sense. Revenue increases by 15 %. Cloud and advertising business in particular drive the result. YouTube is also growing faster than expected. Quarterly revenue increased to USD 88.27 billion.

https://www.handelsblatt.com/technik/it-internet/tech-konzern-cloud-geschaeft-und-werbeeinnahmen-schieben-alphabet-an/100082032.html

Real estate prices in the USA 🇺🇸 reach a new all-time high. Prices rose by a further 4.2 % in August compared to the previous year. In Germany, on the other hand, prices have corrected in recent years. In New York City, prices have even risen by 8.1%. Followed by Las Vegas, Chicago, Cleveland and Detroit.

https://www.bankrate.com/real-estate/case-shiller/

Wednesday:

$VOW3 (-1,43 %) VW presents its figures and, as expected, they are poor. The operating margin in Q3 is still at 3.6%. The forecast for the year as a whole is 5.6%. VW must therefore deliver strong figures in Q4, otherwise a further forecast reduction is imminent. Cost savings seem unavoidable after these quarterly figures. However, wage negotiations with the IG-Metall trade union are due to start right now.

https://www.handelsblatt.com/unternehmen/industrie/volkswagen-vw-gewinn-bricht-im-dritten-quartal-dramatisch-ein/100081845.html

$KGX (-2,89 %) Kion is growing in terms of turnover and is increasing EBIT significantly. The company's cash flow is also increasing. In particular, lower-margin old orders were processed, which increased EBIT.

https://www.boerse.de/nachrichten-amp/EQS-News-KION-Group-erzielt-starkes-Ergebnis-und-steigert-Profitabilitaet-in-den-ersten-neun-Monaten-des-GJ-2024/36628115

Inflation in Germany rose to 2.0%, which is exactly in line with the ECB's target. The main reason for this is a slight increase in energy prices in October. However, the effect is likely to be reversed again next month due to the sharp fall in oil prices.

https://www.faz.net/aktuell/finanzen/die-inflation-in-deutschland-steigt-auf-2-prozent-110078902.html

Thursday:

The Bank of Japan leaves key interest rates unchanged. This was expected and prevents further distortions due to the carry trade, among other things.

https://ch.marketscreener.com/kurs/wahrung/EURO-JAPANESE-YEN-EUR-JPY-4592/news/Japanische-Notenbank-halt-Zinsen-stabil-48215141/

Friday:

$AAPL (+0,52 %) Apple records growth in sales and profits, but the share still loses ground, this has to do with a cautious forecast. Turnover will only increase in the low to medium percentage range. Investors are also concerned about a decline in sales in China.

https://www.finanzen.net/nachricht/aktien/ikonzern-mit-zahlenvorlage-apple-aktie-sinkt-dennoch-apple-mit-zuwaechsen-bei-umsatz-und-gewinn-13968697

Key dates for the coming week:

Tuesday: Presidential election (USA)

Wednesday: 11:00 Producer prices (EU)

Thursday: 13:00 Interest rate decision (UK)

What other important dates can you think of?

#uswahl
#trump
#harris
#uk
#eu

+++ Earnings summary this morning, 31.07. +++

Adidas $ADS (-1,54 %) achieved sales of €5.8 billion in the second quarter (previous year: €5.3 billion), EBIT of €346 million (previous year: €176 million) and net profit from continuing operations of €211 million (previous year: €96 million).

-

KRONES $KRN (+1,76 %) achieves revenue of €1.31 billion in Q2 (previous year: +16.7%, analyst forecast: €1.295 billion); EBITDA of €130.8 million (previous year: +22.8%, forecast: €130 million) and net profit of €69.2 million (previous year: +19.5%). Outlook for 2024 confirmed.

-

Auto1 Group $AG1 (+5,89 %) achieved sales of €1.52 billion in the second quarter (previous year: €1.34 billion, analyst forecast: €1.45 billion), sales of 166,292 vehicles (previous year: €141,682 vehicles); gross profit of €173.3 million (previous year: €127.8 million) and EBITDA (adjusted) of €20.7 million (previous year: -€14.8 million, forecast: €9.7 million).

-

TEAMVIEWER $TMV (-1,8 %) achieved revenue of €164.1 million in the second quarter (previous year: €154.2 million, forecast: €163.3 million), EBITDA (adjusted) of €67.5 million (previous year: €63.8 million, forecast: €64.3 million) and net profit of €26.5 million (previous year: €34.0 million). Outlook for 2024 confirmed.

-

Fresenius $FRE (+2,55 %) achieved adjusted sales of €5.41 billion (previous year: €5.1 billion, forecast: €5.27 billion), EBIT (adjusted) of €660 million (previous year: €571 million, forecast: €626 million) and adjusted net income after minority interests of €457 million (previous year: €393 million, forecast: €404 million) in the second quarter. Outlook confirmed.

-

Siemens Healthineers $SHL (-0,87 %) achieved sales of €5.4 billion in the third quarter (previous year: €5.2 billion, forecast: €5.5 billion), EBIT (adjusted) of €825 million (previous year: €758 million, forecast: €856 million) and net profit of €472 million (previous year: €451 million). Outlook confirmed.

-

Nemetschek $NEM (-1,17 %) confirms key figures for Q2 with revenue of €227.7m, EBITDA of €61.4m and outlook for 2024.

-

Lufthansa $LHA (-1,42 %) achieves revenue of €10.01bn (previous year: €9.38bn), EBIT (adjusted) of €686m (previous year: €1.1bn) and net profit of €469m (previous year: €881m) in Q2. Outlook confirmed on July 12.

-

KION $KGX (-2,89 %) achieved revenue of €2.9 billion in the second quarter (previous year: €2.8 billion, forecast: €2.9 billion), EBIT (adjusted) of €220.3 million (previous year: €192.3 million, forecast: €218 million) and a net profit of €70.7 million (previous year: €72.8 million).

As every Sunday, the most important news from the past week, as well as the dates for the coming week.

Also as a video:

https://youtube.com/shorts/m3JKFUrMVtY?si=1kbET0y7yhLVSg-y

Monday:

While car shares in particular fell last week following the announcement of tariffs on e-cars, China is reacting differently than expected. In response to the tariffs, it is not car manufacturers that are to be punished, but farmers. China is probably planning to increase tariffs on pork. China is probably aiming to hit France in particular, which campaigned for the tariffs. While Germany wanted to prevent the tariffs at EU level. The largest exporter of pork to China in the EU is Spain, followed by France. Germany no longer exports any pork to China.

https://www.handelsblatt.com/politik/international/sonderzoll-china-kuendigt-anti-dumping-test-fuer-schweinefleisch-aus-europa-an/100045858.html

Tuesday:

Warren Buffett invested in BYD years ago. Now the investor is selling his shares. The sale has already begun in 2022. Warren Buffett is therefore also acting anti-cyclically in this case.

https://www.instagram.com/p/C8WRNgftYV0/?igsh=cXlveXR0bDJxYm92

According to a study by the Swiss private university IMD, Germany is falling further behind in terms of competitiveness. Ten years ago, Germany was still in 6th place, but is now in 24th place out of 67 countries surveyed. Germany was particularly criticized for being inflexible and bad at picking up on new things. Here, Germany was ranked 64th out of 67. Productivity in Germany is also not improving any further. Rising productivity in particular is a prerequisite for real wage growth without losing competitiveness.

https://www.spiegel.de/wirtschaft/iwd-studie-deutschland-rutscht-im-laendervergleich-der-wettbewerbsfaehigsten-nationen-ab-a-8bf1cd36-e5e9-4c73-8f6b-3341d8626859

Wednesday:

Inflation in the UK 🇬🇧 reached the 2% level again. This means that for the first time in 3 years, inflation is back at the central bank's target inflation rate. However, prices for services such as overnight stays, haircuts and the like continue to rise too sharply.

https://amp.cnn.com/cnn/2024/06/19/economy/uk-inflation-target-interest-rate-cuts

Thursday:

The ifo Institute expects the ECB to make 2 further cuts this year. As a result, GDP is expected to grow by 0.4% in Germany this year (previously 0.2%) and by a significant 1.5% next year.

https://www.handelsblatt.com/politik/konjunktur/wirtschaftswachstum-ifo-institut-verdoppelt-prognose-fuer-deutschland/100046686.html

Javier Milei seems like a social experiment to many in Europe. However, the Argentinian president is currently delivering. Argentina has been chronically over-indebted for years. Now China is extending a loan, as is probably the IMF. Inflation in Argentina has been in double figures for months. - From month to month! Now Milei's tough austerity measures have also led to success here. Month-on-month inflation has fallen from 25% to 4%. It is clear that the austerity measures are currently hitting the poorest people in the country the hardest. However, Milei's radical reforms, which have now also passed through parliament, could lead to long-term growth, which would also benefit the poorest people in the country. As Argentina is a food exporter, the poorest are unlikely to go hungry for the time being. For Milei, it should now be important for both domestic and foreign investment to increase. Then even the poorest people will have prospects again.

https://www.handelsblatt.com/politik/international/argentinien-was-javier-milei-in-sechs-monaten-erreicht-hat/100044980.html

As expected, the BoE is leaving the interest rate unchanged at 5.25%.

https://www.fxstreet.com/news/boe-set-to-leave-interest-rates-unchanged-could-deliver-cautious-message-on-inflation-202406200600

Friday:

The $KGX (-2,89 %) Kion share falls significantly following a buy recommendation from UBS. Sounds absurd, and it is, but because the price target was lowered, the share falls by 7%, although the price target is more than 20% above the current value of the share.

https://www.boerse.de/nachrichten-amp/ANALYSE-FLASH-UBS-senkt-Ziel-fuer-Kion-auf-50-Euro-Buy/36188620

Most important dates in the coming week:

Wednesday: 22:30 Info bank stress test (USA)

Thursday 14:30 GDP (USA)

Friday: 14:30 Consumer spending data (USA)

As every Sunday, the most important news from the past week, as well as the most important dates for the coming week.

Also as a video:

https://youtube.com/shorts/Tzvt-QWMEx0?si=s6XBg1idGvlqJmah

Monday:

Global military spending reaches a new record high. Global military spending amounted to 2.3 trillion euros in 2023. This is roughly equivalent to the GDP of France. At 859 billion euros, the USA spent around 37% of this. It is followed by China, Russia, India and Saudi Arabia. Germany follows in seventh place, just behind the UK. Ukraine follows in eighth place.

https://www.handelsblatt.com/politik/international/sipri-bericht-weltweite-militaerausgaben-wieder-auf-hoechststand/100034128.html

Despite the crisis in the construction industry, the sustainable insulation specialist $ST5 (-0,52 %) Steico can significantly increase its profit. In particular, profits rose significantly in the first quarter from 2.1 to 5.9 million euros. The main reason was falling purchase prices, which is also exciting in view of the upcoming ECB interest rate decision. We hold a very small position of 3 shares in Steico in our value portfolio. For the most part, we exited at prices well above EUR 60.

https://www.ecoreporter.de/artikel/steico-gewinn-im-ersten-quartal-wächst-deutlich/

Tuesday:

The Chinese are buying fewer and fewer iPhones and more and more smartphones from the Chinese manufacturer Huawei. $AAPL (+0,52 %) Apple's sales fell by 20% in China in the first quarter. Huawei's sales increased by 70 %. Apple is a victim of the rising tensions between the USA and China.

https://www.handelsblatt.com/technik/it-internet/apple-iphone-absatz-in-china-bricht-ein-huawei-profitiert/100034492.html

Wednesday:

$TSLA (+0,05 %) Tesla suffers first drop in sales since 2020 in Q1 2024. Sales fell by 9% to USD 21.3 billion. The announcement of more affordable models at the end of the year already generated enthusiasm.

https://www.handelsblatt.com/technik/it-internet/e-mobilitaet-tesla-gewinn-bricht-ein-musk-verspricht-neue-modelle/100032651.html

The German government surprisingly raises its growth forecast; instead of 0.2%, GDP growth of 0.3% is now expected. Among other things, the ifo business climate index has already climbed for 3 months in a row.

https://www.handelsblatt.com/politik/konjunktur/konjunktur-bundesregierung-erwartet-etwas-mehr-wachstum-doch-sorgen-bleiben/100032800.html

Thursday:

Our value stock $KGX (-2,89 %) Kion starts the new quarter with solid figures. Turnover increased by 2.8%. Profitability increased, only the cash flow deteriorated slightly. In our view, it is also positive that incoming orders increased again compared to the same quarter last year.

https://www.boerse.de/nachrichten-amp/EQS-News-Solider-Start-in-das-Geschaeftsjahr-KION-steigert-Umsatz-und-Ergebnis-im-ersten-Quartal/35992507

Our value stock $HFG (-5,04 %) Hellofresh reports quarterly figures and is particularly impressive with its growth in the ready meals segment. Overall, sales rose by 3.8%, but the ready meals division grew by 56.2%. Hellofresh thus broke the 2.07 billion euro sales barrier in one quarter, the highest ever. The bottom line will initially be lower due to the start-up financing of the ready meals brand.

https://www.wallstreet-online.de/nachricht/18018276-eqs-news-hellofresh-se-vermeldet-quartalsumsatz-2-07-mrd-produktkategorie-fertiggerichte-waechst-zuegig-expandiert-laender

Consumer sentiment in Germany 🇩🇪verbessert continues to improve. In April, sentiment rose for the third time in a row. However, the value of the GfK barometer remains in negative territory at -24.2 points. This means that negative responses to the survey continue to predominate. However, the trend is positive.

https://www.handelsblatt.com/politik/konjunktur/verbraucherstimmung-konsumlaune-steigt-auf-zwei-jahres-hoch-lohnplus-verbessert-kaufkraft/100035003.html

Growth in the USA 🇺🇸 is lower than expected at 1.6% in Q1. The inflation rate is also higher than expected. These are bad signs. In theory, the Fed should be looking at inflation rather than economic growth. This means that a reduction in interest rates in the USA could be postponed further. The stock markets are falling sharply.

https://www.handelsblatt.com/politik/konjunktur/konjunktur-us-wirtschaft-waechst-langsamer-als-erwartet/100035035.html

After $META (-0,47 %) Meta, the next tech company is now announcing a dividend payout. Alphabet will pay out 0.20 cents per share in future. The share price literally exploded after the announcement. The other figures are also convincing, with profits rising to 22 billion euros in one quarter.

https://www.finanzen.net/nachricht/aktien/internetriese-mit-zahlen-alphabet-aktie-mit-hoehenflug-alphabet-schlaegt-alle-erwartungen-aktienrueckkauf-13446329

Friday:

The Japanese 🇯🇵 central bank postpones the interest rate decision. As a result, the yen continues to fall. Last year, Germany became the world's third-largest economy despite zero growth, thanks to the weak yen.

https://www.handelsblatt.com/finanzen/maerkte/devisen-rohstoffe/japans-notenbank-vertagt-eine-erneute-zinserhoehung-der-yen-rutscht-weiter-ab/100035026.html

Saturday:

The inflation rate in Germany is expected to have risen in April for the first time this year. Inflation was probably 2.3% in April, compared with 2.2% in March. The main reason for this is the renewed increase in VAT on gas and district heating.

https://www.handelsblatt.com/politik/konjunktur/konjunktur-inflationsrate-im-april-erstmals-in-diesem-jahr-gestiegen/100035482.html

These are the most important dates for the coming week:

Tuesday: 11:00 Inflation data (Eurozone)

Wednesday: 20:00 Interest rate decision (USA)

Friday: 14:30 Employment data (USA)

Hey guys!

I'm getting in touch after having an acc for a few months now, but never really doing much with the app.

I started investing really early at 18 every now and then, then after a few ups and downs (2021 was not a beginner-friendly year 🥲), my big first loss through $ACC (-0,75 %) and the start of my studies. I've been more active again for 2-3 months and finally want to set up a smart system. But I'm a bit overwhelmed and need some Ratschläge🙏🏾 please

1. i know i have too many positions, i will soon sell 1-2 etfs again, but apart from that i don't know exactly what i should sell, e.g. $KGX (-2,89 %) and $MPW (+1,98 %) . Should I rather wait here until they rise again? Or just sell them and concentrate on the more important ones?

2. i want to save an ETF with approx. 50€ per month. But I don't necessarily want to take the core msci world, as it's somehow too boring for me😅 Do you have any alternatives for me? I initially wanted to save in the $WMIN (+1,05 %) until I realized that the industry is cyclical and I don't think a savings plan would make the most sense. With $U3O8 (+1,55 %) I'm not sure whether it would really be better. Would you have any tips and ideas for me? I also have no problem having to monitor the ETF a little.

3. what do you think of $BICO (+0 %) ? I will certainly continue to hold it in my portfolio, as I really like the share and see a lot of potential for the future. But what do you think?

4. and finally, what do you think of overall? Do you have any tips and advice?

Thanks for reading and have a nice evening everyone!

We have once again carried out a partial sale of Kion. The reason for this was the high weighting in the portfolio and the opportunity to further increase our cash cushion. We remain convinced of the company and are therefore still invested.

As every Sunday, the most important news from the past week, as well as the dates for the coming week.

Also as a video:

https://youtube.com/shorts/hxnxmjjBPG0?si=_SHXks0BtBiDCQ6f

Tuesday:

The ifo Institute today announced the lowest value ever measured for the ifo Construction Barometer. The business climate fell from -56.9 to -59 points. There is still no turnaround in the construction industry, orders are not coming in and older projects are being canceled.

https://www.handelsblatt.com/politik/konjunktur/konjunktur-ifo-stimmung-im-deutschen-wohnungsbau-faellt-auf-tiefstand/100014660.html

Inflation in the USA is more persistent than expected, with inflation at 3.1% instead of 2.9%. This means that a turnaround in interest rates is unlikely to come as quickly as expected. Interest rates will therefore remain higher for the time being. The US dollar appreciated significantly against the euro.

https://www.bbc.com/news/business-68277677

Wednesday

$CSCO (+0,82 %) Cisco, a stock from our public portfolio, delivered good figures but disappointed with its outlook. Sales were 6% below the previous year's level, but above expectations. The dividend is to be increased by around 3%. However, the sales and earnings outlook are disappointing.

https://www.wallstreet-online.de/nachricht/17792517-us-quartalssaison-cisco-scheitert-schwachem-ausblick-aktie-bricht-nachboerslich-ein

Thursday:

Our portfolio value $KGX (-2,89 %) Kion misses analysts' earnings estimates, but beats the cash flow forecast. In our view, this is the more important value, which is why we cannot fully understand the sell-off. With a price/cash flow ratio of around 8, Kion remains very attractively valued in our view.

https://www.finanzen.net/nachricht/aktien/unter-erwartungen-kion-aktie-dennoch-im-plus-kion-schrammt-an-markterwartungen-vorbei-13263593

Friday:

Despite the recession, employment in Germany continues to grow and reached a new record high of 46.2 million people. However, at 0.3%, the growth rate was only at a low level. In our view, it is interesting to note that no jobs were lost, even in the construction industry. While the number of employees increased by 0.3 %, the average number of hours worked fell by 0.5 %. This means that the overall volume of work in the economy remained unchanged.

https://www.handelsblatt.com/politik/deutschland/beschaeftigung-rekord-bei-erwerbstaetigkeit-kaum-noch-wachstum/100015516.html

The three most important dates for the coming week:

Wednesday: 16:00 Consumer Confidence (EU)

Wednesday: 20:00 FED Minutes (USA)

Friday: 10:00 ifo Business Climate Index (DE)

Share analysis/share presentation ⬇️

Today we are talking about the company KION: $KGX (-2,89 %)

What is KION and what does it do?

KION is a leading global provider of intralogistics solutions. They develop and produce industrial trucks such as forklift trucks, warehouse trucks and automation solutions. KION is known for its innovative products and technologies that help companies to make their logistics and warehouse processes more efficient. They also offer comprehensive services such as maintenance, repair and spare parts. They have a strong presence on a global scale and work with customers in various industries to meet their intralogistics needs.

Market capitalization:

Currently, KION has a market capitalization of around 5.4 billion dollars.

Strengths of the stock:

Some of KION's strengths are:

- Broad product portfolio: KION offers a wide range of industrial trucks and warehouse trucks to meet the diverse needs of its customers.

- Innovative strength: KION continuously invests in research and development in order to develop innovative technologies and solutions for intralogistics.

- Global presence: The company operates worldwide and has an extensive sales and service network to support customers around the world.

- Customized solutions: KION places great emphasis on customized solutions and works closely with customers to understand and meet their individual requirements.

- Sustainability: KION is committed to sustainable business practices and develops environmentally friendly technologies to reduce its ecological footprint.

- Service and support: KION offers comprehensive services, including maintenance, repair and spare parts, to ensure that customers are always optimally supported.

Share weaknesses:

Some weaknesses of KION are:

- Dependence on economic cycles: as KION is heavily involved in the industrial sector, the company can be affected by economic fluctuations.

- Competitive environment: The market for intralogistics solutions is highly competitive and KION competes with other large companies in the industry.

- Dependence on suppliers: KION depends on a reliable supply chain to manufacture and distribute its products.

- Product complexity: KION's products may require some technical expertise, which may make them complex to introduce and use for some customers.

- Dependence on specific markets: KION operates in various markets worldwide, which may lead to a certain dependence on the economic situation in these markets.

A little more about the business model:

KION is a leading global provider of industrial trucks and intralogistics solutions. The company offers a wide range of products and services aimed at improving the efficiency and productivity of companies in various industries.

KION's business model is based on several pillars. One of these is the sale of industrial trucks such as forklift trucks, warehouse trucks and other material handling solutions. KION offers a wide range of models and equipment variants to meet the different requirements of its customers. These products are sold to end customers as well as to dealers and sales partners.

Another important aspect of KION's business model is services. The company offers a comprehensive range of services, including maintenance, repair, spare parts and training. Through this service approach, KION ensures that customers can get the most out of their industrial trucks and minimizes downtime.

KION also places great emphasis on innovation and technology. The company continuously invests in research and development to develop new products and solutions that meet customers' changing needs. This includes the integration of digital technologies to improve the efficiency and connectivity of its industrial trucks.

In addition, KION has a strong global presence. The company is represented in over 100 countries and has an extensive sales and service network. This enables KION to serve customers worldwide and provide them with fast and reliable support.

Overall, KION's business model is based on the provision of high-quality products, comprehensive services and continuous innovation.

A little more about the industry:

KION operates in the intralogistics industry. This means that they offer solutions for internal material flow. They manufacture industrial trucks such as forklift trucks and warehouse trucks that are used in various industries such as logistics, retail, manufacturing and warehouses. The intralogistics industry is important to ensure the efficient transportation and storage of goods within a company. KION is a major player in this industry and offers innovative solutions for optimizing the flow of materials.

When and where was Bechtle founded?

KION was founded in Germany in 2006. The company was formed from the merger of Linde Material Handling and STILL. Both companies already had a long history in the manufacture of industrial trucks. The merger of Linde Material Handling and STILL led to the creation of KION, one of the world's largest manufacturers of forklift trucks and warehouse trucks. The formation of KION was a significant step towards combining the strengths and resources of both companies and offering innovative solutions.

The aim of KION :

KION pursues various goals to be successful in the intralogistics industry. One of their main goals is to be an innovation leader and to offer technologically leading solutions. They attach great importance to the satisfaction of their customers and strive to fulfill their needs in the best possible way. KION is also committed to sustainability and is committed to environmentally friendly products and processes. They want to have a global presence and offer their products and services in different markets. Furthermore, the development of their employees is an important goal by offering them training opportunities and professional development. By pursuing these goals, KION strives for long-term success and growth in the industry.

Your opinion:

Now I would like to hear your opinion on this share in the comments.

I personally find the company very interesting and will continue to monitor it. It was an unknown company to me until recently, but that's exactly why I wanted to introduce the share to you.

What do you think of KION and were you already familiar with the company?

Do you perhaps already have the share in your portfolio?

Please let me know in the comments.

This is of course not investment advice but just my own opinion that I would like to share with you.