Kion: Four Triggers That Should Positively Impact the Stock From 2026.

Our model portfolio stock Kion has performed excellently in recent weeks. The trade is up 40%, and from a medium-term perspective, there is more to come for the stock as a new economic upswing boosts the business. Four triggers could have a positive impact starting in 2026. The efficiency program launched in 2025 will relieve the cost base by €140-160 million euros. A positive effect on margins is to be expected. According to UBS, a new wave of investment in warehouse automation is expected from 2026 with 5% higher budgets. This would...