Fig.: KionThe Kion Group recorded "only" 268,200 new orders for industrial trucks in 2022, and a profit of just €292 million (previous year: €842 million). Order intake still amounted to €11.7 billion (previous year: €12.5 billion). Demand in the e-commerce sector is faltering.
Overall, the group concluded the year at a high level despite a challenging economic and geopolitical environment. "2022 presented us with particular challenges. Therefore, we are focusing on the consistent implementation of the numerous measures we have initiated to increase our resilience and profitability," says CEO Rob Smith. "We are already significantly more agile and resilient than last year. Our innovation pipeline is full, and we continue to invest in our global locations." Growth drivers such as digitalization, automation, and alternative energy systems remain intact.
In nominal terms, the Industrial Trucks & Services segment even increased its order intake by 3.2 percent to €8.426 billion in the reporting year (previous year: €8.166 billion). This was because the segment benefited from orders brought forward due to longer delivery times. Price adjustments for new vehicles almost completely offset the significant decline in order volume in the second half of 2022 in terms of value.
In the Supply Chain Solutions segment, the noticeable reluctance of customers to make investment decisions, particularly in the area of e-commerce, nevertheless led to a significant decline in order intake of 22.3 percent to 3.362 billion euros (previous year: 4.329 billion).
