FRANKFURT, Feb. 26 (Xinhua) -- German industrial trucks and supply chain solutions provider Kion Group on Thursday reported declines in both revenue and profit last year. For 2026, the company expects moderate revenue growth and a significant improvement in operating earnings.
The group's revenue dropped slightly by 1.8 percent to 11.3 billion euros (13.3 billion U.S. dollars) year on year and the Adjusted Earnings Before Interest and Taxes (EBIT) declined by 14 percent to 788.6 million euros (930.5 million dollars), according to a press release by the company.
Meanwhile, its net income dropped by 34.9 percent to 240.5 million euros (283.8 million dollars) in 2025, which, according to the company, was due to the "efficiency program" initiated by Kion Group in February 2025 with an aim to strengthen long-term competitiveness.
Nonetheless, the company reported a considerable increase in order intake last year, which soared by 13.41 percent to 11.71 billion euros (13.8 billion dollars) in 2025.
The company aims to moderately improve its revenue and significantly boost its profit in 2026, said Rob Smith, CEO of the group.
As one of the largest industrial truck manufacturers in the world, Kion Group is actively redefining how automation is designed, tested, and leveraged through physical AI, according to Smith.
