KION Group lowers fiscal 2026 guidance, postpones mid-term earnings target to after 2027

KION GROUP AG has lowered its fiscal 2026 guidance because orders in its industrial trucks and services business fell short of expectations, and has postponed its mid-term earnings target, originally planned for achievement by 2027, to after 2027. The group expects 2026 revenue of EUR 11.45 billion to EUR 11.75 billion and adjusted EBIT of EUR 815 million to EUR 875 million, both below previous forecasts. Preliminary third-quarter revenue was about EUR 2.835 billion; the formal report is scheduled for release on October 29.