KION Group posted fourth-quarter revenue of €3.10 billion, up 0.9% year-over-year but adjusted EBIT of €213 million fell 1% short of analyst expectations. The industrial truck and automation provider navigated challenging European market conditions while implementing its 'Playing to Win' strategy.

For 2026, KION guided revenue of €11.4-€12.3 billion, with adjusted EBIT of €850 million to €1.04 billion, approximately 6% below consensus. Free cash flow is expected at €430-€570 million, down roughly 30% YoY as restructuring costs impact cash generation.

The Supply Chain Solutions segment grew 17.3% YoY to €917 million, while Industrial Trucks & Services declined 4.8%. KION completed its efficiency program in 2025, expected to deliver €150 million in annual savings, though the proposed dividend of €0.62 per share represents a 24% decrease.