Kion: After a transition year, aims for at least a 10% EBIT margin by 2027. Global leader with single-digit P/E ratio!

Kion is a cost-effective global leader from the MDAX that will benefit from a stronger capital rotation towards Europe as well as a new economic upturn. In warehouse automation, it is number one and globally number two in forklifts. The trend towards warehouse automation, a shortage of skilled workers, reshoring of production, and the fact that AI facilitates the transition to lights-out warehouses will positively impact Kion's demand in the medium term. The year 2025 will be a transition year as the costs of the efficiency program will weigh...