KION Cuts 2026 Outlook as Orders Slip 1%, Shares Fall Over 4%

KION Group's third-quarter revenue rose 5% year over year to €2.83 billion. Adjusted EBIT increased 7% to €203 million.

In Intelligent Automation Solutions (IAS), revenue climbed 16%. Adjusted EBIT surged 39%.

In Industrial Trucks & Services (ITS), adjusted EBIT fell 4% as capacity utilization weakened. Overall order intake declined 1%.

Citing these challenges, KION lowered its full-year 2026 guidance for revenue, adjusted EBIT and free cash flow. Following the announcement, shares fell more than 4% and traded near their 52-week low.