German equipment manufacturer KION has reported a 13.4% year-on-year (y-o-y) increase in its order intake during 2025 with total orders worth EUR11.71 billion (USD13.69 billion), up from 2024’s EUR10.22 billion (USD11.96 billion).

Order intake for Q4 2025 was EUR2.8 billion (USD3.3 billion), a quarter-on-quarter increase of 0.3%.

Total revenue for 2025 was EUR11.3 billion (USD13.2 billion), a dip of 1.8% y-o-y while revenue for Q4 was EUR3.1 billion (USD3.6 billion), an increase of 0.9%.

KION says its financial results represent “a solid business performance in…a challenging geopolitical and macroeconomic environment”. 

“Customer demand increased and order intake in all of KION’s business lines was considerably higher year-on-year,” KION states. “For the Industrial Trucks & Services segment, 2025 was a look-through year as expected. 

“The Supply Chain Solutions segment increased its results in line with its sustainable continuous improvement journey.”

Looking to 2026, the executive board at KION Group is anticipating moderate growth in consolidated revenue. 

“Return on capital employed (ROCE) is likely to be noticeably higher than in 2025,” the company states in its financial report. 

“The group's free cash flow is expected to be significantly lower than in 2025 because a material proportion of the non-recurring expenses from the efficiency program will only start impacting on cash flow over the course of 2026. 

“Moreover, the KION Group is planning an increased level of acquisition-related capital expenditure compared with 2025.”

KION’s 2026 outlook has revenue forecast at EUR11.4-12.3 billion (USD13.3-14.38 billion), an increase of between 0.91% and 8.9% y-o-y.