KION GROUP AG (MEX:KGX)

MXN 686.21 0 (0%) Market Cap: 88.35 Bil Enterprise Value: 182.91 Bil PE Ratio: 12.33 PB Ratio: 0.69 GF Score: 65/100

Q2 2022 Kion Group AG Earnings Call Transcript

Jul 28, 2022 / NTS GMT

Release Date Price: MXN868.36 (-8.65%)

Transcript

Richard Robinson Smith

KION GROUP AG - CEO, Interim CFO & Labour Director and Member of Executive Board

Good afternoon, ladies and gentlemen. For today's call, please refer to our Q2 presentation on our IR website. Today, I'll be taking you through our Q2 key financials and strategic highlights, and then a market update and financials in more detail. And I'll be ending my presentation with some key takeaways and then looking forward to your questions for the Q&A session at the end.

So I'll start on Page 3 with our key financial figures. Despite increasing economic uncertainties from rising interest rates and recession fears in the capital markets as well as the continuation of the war in the Ukraine, demand for our products and solutions remained healthy in most regions. Order intake was up 15% year-on-year to EUR 3.8 billion, growing 29% sequentially. The KION team overcame many challenges with regards to supply chain disruptions and was able to increase revenue in the second quarter versus the first quarter, reaching a record level of EUR 2.8 billion.

During the second quarter,

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